Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.015%
Price spread now: Vest against Lighter−0.003%7-day average +0.640% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.003%, 7d avg +0.640%
=Together, before fees+0.038%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.643% cheaper against Lighter than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.640%). If the spread goes back, that is −$64 on $10k: about 5 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.004% in total) that is about 17 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,038.2 | 0.0032 | pay 0.0004% / 1h | 28m 04s | $1.1M | $4.9M | 20x |
| Short | Vest MU-USD-PERP | 1,038.2 | 0.0046 | get 0.0006% / 1h | 28m 04s | — | $175K | 25x |
Lighter MU
Vest MU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $2.87
- Price spread: −0.003% → +0.640%
- −$64.29
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$63.41
- Costs to cover
- 0.020%
- Break-even
- 161.5 days
Slippage unknown: Lighter: live order book, 10 min ago; Vest: no order-book sample. Net counts fees only.
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, 10 min ago | 0.68 bp | 0.7 bp −$1 | 1.6 bp −$16 | 17.4 bp −$1,743 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0853% | 4h | 1,037.1 | −0.105% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0212% | 8h | 1,038.2 | −0.002% | $20.2M | $40.3M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.3 | +0.011% | $21.2M | $59.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.9 | −0.024% | $121.6M | $537.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.1 | −0.010% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.8 | −0.035% | $29.9M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.2 | −0.002% | $314K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.1 | −0.011% | $61.7M | $28.5M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.4 | −0.079% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.6 | −0.055% | $73K | $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 | −0.006% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,038.2 | +0.003% | $26K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.2 | +0.100% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.9 | −0.028% | $74K | $564K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.8 | −0.040% | $128K | $442K | 50x | as long as short |
| Nado MU-PERP | +0.0001% | 1h | 1,037.9 | −0.026% | $278K | $815K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0014% | 1h | 1,036.7 | −0.139% | $3K | $44K | 10x | as long as short |
| Lighter MUlong | +0.0032% | 1h | 1,038.2 | long leg | $1.1M | $4.9M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,038.1 | −0.012% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.9 | −0.029% | $540K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038.1 | −0.010% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.270% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.2 | −0.091% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERPshort | +0.0046% | 1h | 1,038.2 | −0.003% | — | $175K | 25x | |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.8 | −0.037% | $176.3M | $88.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.9 | −0.027% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.1 | −0.012% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.5 | −0.067% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,038.3 | +0.007% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.6 | −0.054% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.9 | −0.029% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.9 | −0.026% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.2 | −0.099% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.1 | −0.011% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.208% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.1 | −0.004% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.8 | −0.037% | $531K | $270K | 15x | as long as short |
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Nado MU-PERP
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
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