MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.029%

Price spread now: Arcus against Lighter RH+0.041%7-day average −0.014% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Lighter RH Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.041%, 7d avg −0.014%

Together, before fees+0.112%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.055% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,051.5	0.0032	pay 0.0004% / 1h	14m 54s	$1.3M	$4.4M	10x
Short	Arcus MU-USD	1,051.9	0.0040	get 0.0005% / 1h	14m 54s	$71K	$234K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter RH. 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 Lighter RHbpFee ArcusbpOrdersPrice spread, now +0.041%Rate

Funding earned: $1.74
Price spread: +0.041% → −0.014%: $5.48
Slippage, 4 orders: −$18.56
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.84
Costs to cover: 0.231%
Break-even: 70.8 days

Slippage from Lighter RH: live order book, 3 min ago; Arcus: live order book, 43 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 RH live order book, 3 min ago	1.38 bp	1.4 bp −$1	4.7 bp −$47	doesn't fit	doesn't fit
Sell Arcus live order book, 43 min ago	3.42 bp	11.7 bp −$12	14.7 bp −$147	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	−0.0957%	4h	1,052.2	+0.064%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,051.7	+0.023%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,051.5	+0.002%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.7	+0.020%	$343K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	−0.009%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.079%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.8	+0.027%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.8	+0.029%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.4	−0.007%	$131K	$434K	50x	as long as short
Variational Omni MU	+0.0003%	8h	1,051.8	+0.026%	$2.7M	$2.4M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	+0.0016%	1h	1,051.2	−0.025%	$72K	$440K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.8	+0.029%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0023%	8h	1,051.7	+0.023%	$19.1M	$32.3M	100x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,051.5	long leg	$1.3M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,050.7	−0.077%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.013%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.3	−0.016%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,051.9	+0.041%	$71K	$234K	10x
Binance MUUSDT	+0.0044%	8h	1,051.5	+0.002%	$126.5M	$516.6M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.6	+0.101%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.2	−0.030%	$282K	$837K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	−0.029%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.4	−0.010%	$690K	$16K	10x	as long as short
Bullet MU-USD	+0.0050%	1h	1,051.5	+0.002%	$25K	$395K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.5	−0.092%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.5	−0.004%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,051.6	+0.005%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0074%	1h	1,051.2	−0.029%	$178.6M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.132%	$759K	$1.2M	10x	as long as short
Bitget MUUSDT	+0.0083%	8h	1,051.7	+0.016%	$20.5M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.1	−0.039%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.5	−0.003%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.3	−0.022%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.051%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	−0.007%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0164%	8h	1,051.5	+0.003%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.095%	$538K	$271K	15x	as long as short