Funding you earn now, next payment 09:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.025%
Price spread now: StandX against Lighter+0.084%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 7 days−0.094%−$9 · spread now +0.084%, 7d avg +0.031%
=Together, before fees−0.351%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.054% dearer against Lighter than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.031%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.257% in total) that is about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,029.9 | 0.0056 | pay 0.0007% / 1h | 42m 08s | $989K | $4.9M | 20x |
| Short | StandX MU-USD | 1,030.8 | 0 | get 0.0000% / 1h | 42m 08s | $186K | $3.6M | 20x |
Lighter MU
StandX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$11.76
- Price spread: +0.084% → +0.031%
- $5.36
- Slippage, 4 orders
- −$8.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$22.54
- Costs to cover
- 0.161%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; StandX: live order book, 2 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 | 0.49 bp | 0.5 bp $0 | 0.9 bp −$9 | 16.6 bp −$1,657 | doesn't fit |
| Sell StandX live order book, 2 min ago | 2.42 bp | 7.0 bp −$7 | 13.3 bp −$133 | 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 | −0.0734% | 4h | 1,030.8 | +0.089% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0080% | 8h | 1,030.1 | +0.017% | $19.9M | $40.2M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,030.4 | +0.050% | $21.1M | $68.7M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,029.9 | −0.001% | $121.3M | $543.4M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,029.8 | −0.008% | $18.6M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,029.8 | −0.009% | $29.5M | $100.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,030.2 | +0.027% | $310K | $380K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,029.8 | −0.015% | $61.7M | $27.9M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,030.2 | +0.031% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,031.3 | +0.136% | $72K | $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-USDshort | 0.0000% | 1h | 1,030.8 | +0.084% | $186K | $3.6M | 20x | |
| SunX MU-USDT | 0.0000% | 8h | 1,031 | +0.105% | $11K | $5.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,029.6 | −0.036% | $73K | $626K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,029.7 | −0.017% | $119K | $492K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,030.6 | +0.062% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,029.9 | +0.001% | $6.9M | $18.8M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,029.8 | −0.011% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,029.4 | −0.051% | $543K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.082% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,029.6 | −0.027% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,029.8 | −0.012% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,029.6 | −0.031% | $167K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,030 | +0.003% | $676K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,029.5 | −0.037% | $1.9M | $2.9M | 10x | as long as short |
| Lighter MUlong | +0.0056% | 1h | 1,029.9 | long leg | $989K | $4.9M | 20x | |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,030 | +0.007% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0062% | 1h | 1,029.6 | −0.031% | $174.1M | $80.5M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,029.2 | −0.070% | $32K | $1K | 10x | as long as short |
| Nado MU-PERP | +0.0081% | 1h | 1,029.9 | −0.006% | $272K | $806K | 10x | as long as short |
| Bullet MU-USD | +0.0086% | 1h | 1,029.9 | −0.002% | $25K | $389K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.1 | +0.019% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,029.7 | −0.024% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,029.7 | −0.025% | $5.1M | $4.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,032 | +0.203% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,029.7 | −0.018% | $819 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,030.8 | +0.084% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,031.9 | +0.192% | $528K | $270K | 15x | as long as short |
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Aevo MU-PERP
Nado MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU