Funding you earn now, next payment 11:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.009%
Price spread now: Ondo Perps against Lighter−0.128%55s7-day average −0.058% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 7 days−0.146%−$15 · spread now −0.128%, 7d avg −0.058%
=Together, before fees−0.288%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.070% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 55 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 | 1,040.6 | 0.0208 | pay 0.0026% / 1h | 49m 49s | $1.0M | $5.0M | 20x |
| Short | Ondo Perps MU-USD.P | 1,039.3 | 0.0050 | get 0.0006% / 1h | 49m 49s | $1.9M | $3.2M | 10x |
Lighter MU
Ondo Perps MU-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.1
- Price spread: −0.128% → −0.058%
- −$6.98
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$45.08
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Ondo Perps: 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, 6 min ago | 0.10 bp | 0.1 bp $0 | 1.4 bp −$14 | 16.5 bp −$1,652 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 exchanges
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 | −0.0510% | 4h | 1,040.2 | −0.032% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.9 | +0.027% | $21.2M | $73.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.8 | +0.019% | $121.8M | $555.5M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.4 | −0.016% | $29.7M | $107.9M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.7 | +0.009% | $61.3M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.5 | −0.011% | $19.9M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040.3 | −0.022% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.5 | −0.104% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.3 | +0.162% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,039.9 | −0.069% | $36K | $718K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,040.3 | −0.027% | $120K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,040.4 | −0.018% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.036% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0034% | 1h | 1,039.9 | −0.069% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.4 | +0.078% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.4 | −0.017% | $170K | $180K | 10x | as long as short |
| Ondo Perps MU-USD.Pshort | +0.0050% | 1h | 1,039.3 | −0.128% | $1.9M | $3.2M | 10x | |
| SoDEX MU-USD | +0.0058% | 1h | 1,040.4 | −0.022% | $684K | $14K | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,040.6 | −0.003% | $7.0M | $19.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0076% | 8h | 1,041 | +0.037% | $18.8M | $32.3M | 100x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040 | −0.053% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0082% | 8h | 1,040.6 | +0.006% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,040 | −0.058% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.9 | −0.065% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,040.8 | +0.022% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.4 | −0.017% | $827 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,040.3 | −0.022% | $300K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.7 | +0.009% | $1.4M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0127% | 1h | 1,040.1 | −0.047% | $277K | $841K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,040 | −0.061% | $90K | $148K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,039.9 | −0.062% | $728K | $1.2M | 10x | as long as short |
| Lighter MUlong | +0.0208% | 1h | 1,040.6 | long leg | $1.0M | $5.0M | 20x | |
| Bullet MU-USD | +0.0223% | 1h | 1,040.7 | +0.012% | $24K | $386K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0224% | 8h | 1,040.8 | +0.021% | $81K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0251% | 1h | 1,040.3 | −0.027% | $177.4M | $75.7M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | −0.017% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0352% | 1h | 1,039.5 | −0.109% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
QFEX MU-USD
Bybit MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD