Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.034%
Price spread now: RISEx against Lighter+0.026%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$80.082% of the position
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.026%, 7d avg +0.029%
=Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,035.6 | 0.0032 | pay 0.0004% / 1h | 42m 23s | $1.0M | $4.9M | 20x |
| Short | RISEx MU/USDC | 1,035.9 | 0 | get 0.0000% / 1h | 42m 23s | $314K | $386K | 20x |
Lighter MU
RISEx MU/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$6.72
- Price spread: +0.026% → +0.029%
- −$0.36
- Slippage, 4 orders
- −$2.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$15.3
- Costs to cover
- 0.082%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; RISEx: live order book, 1 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, 6 min ago | 0.48 bp | 0.5 bp $0 | 1.8 bp −$18 | 16.6 bp −$1,657 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.63 bp | 3.6 bp −$4 | 5.1 bp −$51 | 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 | −0.0796% | 4h | 1,036.5 | +0.090% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0154% | 8h | 1,035.8 | +0.014% | $20.2M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.4 | +0.080% | $21.1M | $57.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,035.8 | +0.015% | $121.3M | $537.2M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,035.8 | +0.021% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,035.8 | +0.022% | $29.9M | $100.7M | 50x | as long as short |
| RISEx MU/USDCshort | 0.0000% | 1h | 1,035.9 | +0.026% | $314K | $386K | 20x | |
| Gate MU_USDT | 0.0000% | 8h | 1,035.6 | +0.001% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.4 | +0.080% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.6 | +0.096% | $75K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
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 | 1,036.6 | +0.094% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,036.9 | +0.120% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.8 | +0.018% | $74K | $552K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.3 | +0.068% | $127K | $441K | 50x | as long as short |
| Bullet MU-USD | +0.0011% | 1h | 1,035.7 | +0.009% | $26K | $389K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,036.4 | +0.076% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0020% | 1h | 1,035.4 | −0.024% | $277K | $816K | 10x | as long as short |
| Lighter MUlong | +0.0032% | 1h | 1,035.6 | long leg | $1.0M | $4.9M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,035.6 | −0.005% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.2 | −0.037% | $540K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,035.4 | −0.018% | $7.0M | $18.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.521% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036.2 | +0.059% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.8 | +0.022% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,035.4 | −0.020% | $176.0M | $89.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.5 | −0.011% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.2 | +0.058% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,034.8 | −0.077% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,035.8 | +0.019% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.5 | −0.012% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,035.6 | −0.005% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,035.7 | +0.011% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.8 | +0.115% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036 | +0.039% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | +0.040% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.4 | +0.075% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,036.8 | +0.115% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bullet MU-USD
Aftermath Perps MUUSD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-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
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU