Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against Lighter−0.039%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.039%, 7d avg −0.027%
=Together, before fees−0.146%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,052.6 | 0.0056 | pay 0.0007% / 1h | 19m 04s | $1.1M | $5.1M | 20x |
| Short | Polymarket Perps MU-USD | 1,052.2 | 0.0050 | get 0.0006% / 1h | 19m 04s | $171K | $202K | 10x |
Lighter MU
Polymarket Perps MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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
- −$1.26
- Price spread: −0.039% → −0.027%
- −$1.17
- Slippage, 4 orders
- −$5.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$15.95
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 38 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, 4 min ago | 0.19 bp | 0.2 bp $0 | 0.6 bp −$6 | 15.8 bp −$1,581 | doesn't fit |
| Sell Polymarket Perps live order book, 38 min ago | 2.38 bp | 6.6 bp −$7 | 7.5 bp −$75 | 9.1 bp −$905 | 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 | −0.0836% | 4h | 1,052.4 | −0.020% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.8 | +0.015% | $21.5M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.5 | −0.008% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.8 | +0.016% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.5 | −0.010% | $62.3M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.9 | +0.027% | $82K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,052.7 | +0.010% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.5 | −0.010% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,052.4 | −0.017% | $70K | $435K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.4 | −0.023% | $131K | $435K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0012% | 8h | 1,053 | +0.040% | $2.7M | $2.4M | — | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,052.5 | −0.014% | $3K | $44K | 10x | as long as short |
| Bybit MUUSDT | +0.0024% | 8h | 1,052.8 | +0.020% | $19.1M | $32.3M | 100x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.5 | −0.009% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.7 | −0.084% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.119% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.4 | −0.022% | $7.1M | $17.9M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,052.5 | −0.009% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.7 | +0.102% | — | $176K | 25x | as long as short |
| Nado MU-PERP | +0.0048% | 1h | 1,052.4 | −0.024% | $282K | $837K | 10x | as long as short |
| Bullet MU-USD | +0.0049% | 1h | 1,052.6 | −0.001% | $25K | $396K | 10x | as long as short |
| Polymarket Perps MU-USDshort | +0.0050% | 1h | 1,052.2 | −0.039% | $171K | $202K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.4 | −0.019% | $691K | $16K | 10x | as long as short |
| Binance MUUSDT | +0.0050% | 8h | 1,052.5 | −0.010% | $126.8M | $516.6M | 50x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,052.4 | −0.023% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,052.8 | +0.017% | $2K | — | 5x | as long as short |
| Lighter MUlong | +0.0056% | 1h | 1,052.6 | long leg | $1.1M | $5.1M | 20x | |
| tradeXYZ xyz:MU | +0.0075% | 1h | 1,052.2 | −0.039% | $178.8M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | +0.027% | $759K | $1.2M | 10x | as long as short |
| Bitget MUUSDT | +0.0095% | 8h | 1,052.6 | +0.003% | $20.5M | $41.1M | 50x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,052.1 | −0.045% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.6 | 0.000% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.3 | −0.031% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.6 | −0.001% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.5 | −0.010% | $837 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0170% | 8h | 1,052.7 | +0.004% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,053.3 | +0.066% | $539K | $271K | 15x | as long as short |
Variational Omni MU
Aftermath Perps MUUSD
Bybit MUUSDT
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
SoDEX MU-USD
Binance MUUSDT
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Bitget MUUSDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU