Funding you earn now, next payment 12:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.011%
Price spread now: tradeXYZ against Lighter+0.013%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.013%, 7d avg −0.042%
=Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.054% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,038.7 | 0.0120 | pay 0.0015% / 1h | 56m 12s | $1.0M | $4.9M | 20x |
| Short | tradeXYZ xyz:MU | 1,038.8 | 0.0238 | get 0.0030% / 1h | 56m 12s | $177.6M | $75.1M | 10x |
Lighter MU
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $24.77
- Price spread: +0.013% → −0.042%
- $5.4
- Slippage, 4 orders
- −$2.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $9.21
- Costs to cover
- 0.210%
- Break-even
- 4.4 days
Slippage from Lighter: live order book, 5 min ago; tradeXYZ: live order book, 7 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 | 0.53 bp | 0.5 bp −$1 | 1.5 bp −$15 | 12.6 bp −$1,265 | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.48 bp | 9.5 bp −$9 | 10.5 bp −$105 | 15.7 bp −$1,567 | doesn't fit |
MU on 37 exchanges
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 | −0.0364% | 4h | 1,040.4 | +0.167% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.5 | +0.082% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.8 | +0.014% | $122.0M | $554.3M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039 | +0.029% | $29.8M | $106.8M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.9 | +0.022% | $61.3M | $27.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.9 | +0.022% | $19.8M | $43.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040.1 | +0.141% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.1 | +0.040% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.206% | $11K | $4.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.2 | −0.046% | $32K | $733K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.9 | +0.020% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.6 | −0.007% | $1.1M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.222% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0037% | 1h | 1,039.1 | +0.040% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,039.2 | +0.055% | $298K | $334K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.3 | +0.155% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.9 | +0.022% | $169K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.9 | +0.017% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.9 | −0.071% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,038.9 | +0.018% | $7.0M | $19.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,039.1 | +0.042% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.4 | −0.022% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0087% | 8h | 1,039.2 | +0.047% | $18.8M | $32.2M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039 | +0.031% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.9 | +0.025% | $5.2M | $6.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.9 | +0.116% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.9 | +0.022% | $826 | $799 | 20x | as long as short |
| Lighter MUlong | +0.0120% | 1h | 1,038.7 | long leg | $1.0M | $4.9M | 20x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.8 | +0.104% | $1.5M | $2.7M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,037.9 | −0.076% | $727K | $1.2M | 10x | as long as short |
| Nado MU-PERP | +0.0141% | 1h | 1,038.6 | −0.005% | $276K | $834K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0157% | 8h | 1,040.5 | +0.173% | $73K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0186% | 1h | 1,038.7 | +0.002% | $90K | $159K | 10x | as long as short |
| Bullet MU-USD | +0.0221% | 1h | 1,039.1 | +0.042% | $26K | $383K | 10x | as long as short |
| tradeXYZ xyz:MUshort | +0.0238% | 1h | 1,038.8 | +0.013% | $177.6M | $75.1M | 10x | |
| Extended MU_24_5-USD | +0.0288% | 1h | 1,038.1 | −0.056% | $551K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,041.5 | +0.272% | $533K | $159K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
Arcus MU-USD
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU