Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: Orderly against Lighter−0.079%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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: Orderly is 0.079% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,034.7 | 0.0104 | pay 0.0013% / 1h | 28m 10s | $1.0M | $4.9M | 20x |
| Short | Orderly PERP_MU_USDC_mythos | 1,033.8 | 0.0100 | get 0.0100% / 8h | 2h 28m | $822 | $799 | 20x |
Lighter MU
Orderly PERP_MU_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$0.84
- Price spread: −0.079% → 0.000%
- −$7.93
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.77
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Orderly: 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, 5 min ago | 1.01 bp | 2.8 bp −$3 | 5.9 bp −$59 | 29.0 bp −$2,898 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0955% | 4h | 1,035.8 | +0.109% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0017% | 8h | 1,035.1 | +0.045% | $20.3M | $41.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,035.1 | +0.047% | $21.1M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,034.5 | −0.015% | $121.5M | $531.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,034.6 | −0.001% | $18.5M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,034.8 | +0.014% | $29.9M | $100.3M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,034.1 | −0.055% | $316K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,034.7 | +0.001% | $61.4M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036 | +0.132% | $2.6M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.4 | +0.174% | $75K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,037.4 | +0.264% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,035.3 | +0.061% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,033.8 | −0.081% | $73K | $514K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,034.3 | −0.035% | $127K | $448K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,036.3 | +0.164% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,033.9 | −0.071% | $7.0M | $18.0M | 10x | as long as short |
| Nado MU-PERP | +0.0026% | 1h | 1,033.4 | −0.120% | $276K | $819K | 10x | as long as short |
| Bullet MU-USD | +0.0027% | 1h | 1,034.4 | −0.024% | $25K | $389K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,034.7 | +0.001% | $1.2M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,033.5 | −0.113% | $538K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.615% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036.2 | +0.148% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,034.6 | −0.008% | — | $174K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,034.5 | −0.014% | $175.8M | $93.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,034.2 | −0.043% | $168K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,034.2 | −0.041% | $679K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.2 | +0.148% | $1.9M | $2.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,034.6 | −0.004% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,033.8 | −0.082% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,034.7 | +0.001% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,033.9 | −0.074% | $5.2M | $3.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,035.3 | +0.058% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythosshort | +0.0100% | 8h | 1,033.8 | −0.079% | $822 | $799 | 20x | |
| Lighter MUlong | +0.0104% | 1h | 1,034.7 | long leg | $1.0M | $4.9M | 20x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.8 | +0.204% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,036.2 | +0.152% | $733K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.1 | +0.237% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Bullet MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU