MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.014%

Price spread now: SoDEX against Lighter−0.004%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.004%, 7d avg −0.001%

Together, before fees+0.006%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, 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	1,050	0.0032	pay 0.0004% / 1h	17m 00s	$1.1M	$4.8M	20x
Short	SoDEX MU-USD	1,050	0.0050	get 0.0006% / 1h	17m 00s	$689K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $3.78
Price spread: −0.004% → −0.001%: −$0.3
Slippage, 4 orders: −$16.41
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.93
Costs to cover: 0.244%
Break-even: 45.8 days

Slippage from Lighter: live order book, 6 min ago; SoDEX: live order book, 52 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	0.33 bp	0.5 bp $0	1.9 bp −$19	16.2 bp −$1,618	doesn't fit
Sell SoDEX live order book, 52 min ago	0.05 bp	11.9 bp −$12	41.5 bp −$415	doesn't fit	doesn't fit

MU on 36 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	−0.0876%	4h	1,049.5	−0.049%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,049.8	−0.019%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.2	+0.016%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	−0.024%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.4	−0.057%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.1	+0.010%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.2	+0.113%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	−0.023%	$66K	$340K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.8	−0.022%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.6	−0.043%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MUlong	+0.0032%	1h	1,050	long leg	$1.1M	$4.8M	20x
Lighter RH MU	+0.0032%	1h	1,050	−0.005%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.070%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.7	−0.027%	$7.4M	$19.5M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.032%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.080%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.6	−0.038%	$178.1M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	−0.029%	$170K	$202K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,050	−0.004%	$689K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.112%	$1.9M	$2.3M	10x	as long as short
OKX MU-USDT-SWAP	+0.0052%	8h	1,049.9	−0.011%	$30.8M	$100.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0056%	8h	1,049.8	−0.018%	$81K	$1.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0062%	8h	1,050.2	+0.017%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.1	+0.012%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.035%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	−0.013%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.9	−0.006%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.130%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.8	−0.019%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.027%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0153%	8h	1,049.9	−0.009%	$21.6M	$51.6M	20x	as long as short
Variational Omni MU	+0.0181%	8h	1,049.8	−0.024%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0193%	8h	1,049.9	−0.013%	$126.5M	$523.3M	50x	as long as short
Bitget MUUSDT	+0.0232%	8h	1,050.1	+0.010%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.3	+0.029%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.2	+0.018%	$334K	$348K	20x	as long as short