MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Lighter+0.305%96s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.305% dearer against Lighter than usual: you sell high and buy low, +$31 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MU	1,048.2	0.0032	pay 0.0004% / 1h	33m 25s	$1.1M	$4.8M	20x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	33m 25s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersPrice spread, now +0.305%Rate

Funding earned: $0.28
Price spread: +0.305% → 0.000%: $30.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $30.79
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 4 min ago	0.29 bp	0.7 bp −$1	1.1 bp −$11	35.0 bp −$3,503	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0111%	4h	1,049.2	+0.103%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.1	−0.002%	$62.7M	$28.8M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.5	+0.036%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.9	+0.165%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	+0.005%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,048.7	+0.056%	$3K	$45K	10x	as long as short
Lighter MUlong	+0.0032%	1h	1,048.2	long leg	$1.1M	$4.8M	20x
Lighter RH MU	+0.0032%	1h	1,048	−0.012%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+0.305%	$19K	$5K	12x
Vest MU-USD-PERP	+0.0046%	1h	1,049	+0.077%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	+0.0046%	1h	1,048.1	−0.008%	$63K	$299K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.1	−0.006%	$170K	$202K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.3	−0.087%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,048.1	−0.002%	$7.8M	$22.7M	10x	as long as short
Nado MU-PERP	+0.0076%	1h	1,047.7	−0.046%	$274K	$858K	10x	as long as short
SoDEX MU-USD	+0.0077%	1h	1,048.4	+0.018%	$688K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,048.2	+0.007%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0095%	8h	1,048.4	+0.018%	$30.8M	$101.9M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.2	+0.008%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.1	−0.010%	$5.3M	$3.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.8	+0.160%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.5	+0.030%	$834	$799	20x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.2	+0.003%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0146%	8h	1,048.6	+0.039%	$19.1M	$32.5M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.8	+0.157%	$760K	$1.2M	10x	as long as short
Variational Omni MU	+0.0210%	8h	1,049.5	+0.128%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0216%	8h	1,048.6	+0.044%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0220%	8h	1,048	−0.012%	$125.8M	$524.3M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,048.9	+0.067%	$71K	$243K	10x	as long as short
Bullet MU-USD	+0.0255%	1h	1,048.4	+0.024%	$26K	$395K	10x	as long as short
tradeXYZ xyz:MU	+0.0295%	1h	1,048.3	+0.013%	$177.8M	$101.1M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,048.5	+0.029%	$315K	$339K	20x	as long as short
Bitget MUUSDT	+0.0328%	8h	1,048.2	+0.006%	$20.6M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0342%	8h	1,049.1	+0.093%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,048.3	+0.013%	$536K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0432%	1h	1,047.8	−0.038%	$569K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0570%	8h	1,048.5	+0.033%	$83K	$1.3M	10x	as long as short