Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.026%
Price spread now: SunX against Lighter+0.126%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.126%, 7d avg +0.161%
=Together, before fees−0.244%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.035% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.161%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,038.4 | 0.0040 | pay 0.0005% / 1h | 37m 40s | $1.0M | $4.9M | 20x |
| Short | SunX MU-USDT | 1,039.7 | 0 | get 0.0000% / 8h | 37m 40s | $11K | $5.6M | 10x |
Lighter MU
SunX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$8.4
- Price spread: +0.126% → +0.161%
- −$3.49
- Slippage, 4 orders
- −$50.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$70.86
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; SunX: live order book, 11 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 | 0.2 bp $0 | 0.4 bp −$4 | 18.6 bp −$1,856 | doesn't fit |
| Sell SunX live order book, 11 min ago | 21.58 bp | 32.9 bp −$33 | 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 | −0.0986% | 4h | 1,038.8 | +0.043% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0182% | 8h | 1,038.3 | −0.004% | $20.2M | $40.1M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.8 | +0.041% | $21.2M | $65.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.3 | −0.005% | $122.1M | $538.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.3 | −0.012% | $18.8M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.2 | −0.017% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.2 | −0.016% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.1 | −0.031% | $61.5M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.9 | +0.052% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,039 | +0.059% | $71K | $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-USD | 0.0000% | 1h | 1,038.1 | −0.025% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDTshort | 0.0000% | 8h | 1,039.7 | +0.126% | $11K | $5.6M | 10x | |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.8 | −0.057% | $74K | $606K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.6 | −0.077% | $127K | $479K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,038 | −0.040% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038 | −0.034% | $7.0M | $18.8M | 10x | as long as short |
| Nado MU-PERP | +0.0023% | 1h | 1,037.8 | −0.057% | $279K | $808K | 10x | as long as short |
| Bullet MU-USD | +0.0024% | 1h | 1,038.1 | −0.028% | $25K | $390K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.3 | −0.006% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.9 | −0.047% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.251% | $19K | $5K | 12x | as long as short |
| Lighter MUlong | +0.0040% | 1h | 1,038.4 | long leg | $1.0M | $4.9M | 20x | |
| Arcus MU-USD | +0.0040% | 1h | 1,037.5 | −0.082% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.1 | −0.028% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.1 | −0.026% | $176.5M | $82.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.7 | −0.065% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.9 | −0.050% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.3 | −0.008% | $1.9M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,038.2 | −0.017% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.6 | −0.070% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,037.9 | −0.045% | $725K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038 | −0.032% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.1 | −0.030% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | +0.013% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038 | −0.039% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038 | −0.039% | $1.4M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.9 | +0.051% | $531K | $270K | 15x | as long as short |
StandX MU-USD
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Bullet MU-USD
Lighter RH MU
Extended MU_24_5-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
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU