MU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against Lighter−0.062%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.062%, 7d avg −0.012%

Together, before fees+0.004%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.050% cheaper against Lighter than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.012%). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MU	1,030.6	0.0048	pay 0.0006% / 1h	48m 14s	$994K	$4.9M	20x
Short	Pacifica MU	1,029.9	0.0100	get 0.0013% / 1h	48m 14s	$146K	$194K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.92
Price spread: −0.062% → −0.012%: −$5.03
Slippage, 4 orders: −$11.44
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.55
Costs to cover: 0.194%
Break-even: 15.7 days

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 50 min ago.

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	0.19 bp	1.7 bp −$2	3.0 bp −$30	32.2 bp −$3,221	doesn't fit
Sell Pacifica live order book, 50 min ago	1.93 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0378%	4h	1,032	+0.134%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0099%	8h	1,030.8	+0.023%	$19.9M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,030.6	+0.004%	$21.1M	$68.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,030.7	+0.015%	$121.4M	$541.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,030.7	+0.014%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,030.7	+0.009%	$29.6M	$100.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.6	+0.003%	$310K	$380K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,030.4	−0.015%	$61.9M	$27.8M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,032.2	+0.160%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,032.4	+0.179%	$80K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,031.2	+0.060%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,031.7	+0.109%	$11K	$5.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,030.4	−0.016%	$119K	$493K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,032	+0.143%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,030.4	−0.019%	$6.9M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,030.5	−0.011%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,029.9	−0.066%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.016%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,030.1	−0.050%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,030.4	−0.016%	—	$177K	25x	as long as short
Lighter MUlong	+0.0048%	1h	1,030.6	long leg	$994K	$4.9M	20x
tradeXYZ xyz:MU	+0.0050%	1h	1,030.3	−0.027%	$174.6M	$80.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.8	−0.076%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,030.4	−0.014%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,030	−0.061%	$1.9M	$2.8M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,030.5	−0.010%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0073%	1h	1,030.8	+0.020%	$25K	$390K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,030.4	−0.021%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0082%	1h	1,030.1	−0.048%	$272K	$806K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,032	+0.134%	$721K	$1.1M	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,029.9	−0.062%	$146K	$194K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,030.1	−0.046%	$5.1M	$4.3M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,032.6	+0.194%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,030.2	−0.038%	$819	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,032.1	+0.147%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,030.5	−0.008%	$527K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0449%	1h	1,030.7	+0.007%	$73K	$624K	10x	as long as short