Funding you earn now, next payment 02:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.020%
Price spread now: Binance against Lighter RH−0.012%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 2 days (all we have)+0.056%+$6 · spread now −0.012%, 7d avg +0.021%
=Together, before fees+0.163%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.108% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MU | 1,048.7 | 0.0032 | pay 0.0004% / 1h | 40m 39s | $1.1M | $4.1M | 10x |
| Short | Binance MUUSDT | 1,048.5 | 0.0229 | get 0.0229% / 8h | 6h 40m | $126.3M | $524.5M | 50x |
Lighter RH MU
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.3
- Price spread: −0.012% → +0.021%
- −$3.3
- Slippage, 4 orders
- −$3.78
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $24.22
- Costs to cover
- 0.138%
- Break-even
- 2.9 days
Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 3 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 | 1.05 bp | 1.8 bp −$2 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.05 bp | 5.8 bp −$6 | 7.0 bp −$70 | 13.7 bp −$1,372 | 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 | −0.0658% | 4h | 1,049.1 | +0.041% | $1.3M | $670K | 10x | as long as short |
| Nado MU-PERP | −0.0003% | 1h | 1,048.7 | −0.001% | $273K | $858K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.6 | −0.006% | $62.1M | $27.6M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.9 | +0.025% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,049.3 | +0.055% | $26K | $396K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.2 | +0.145% | $11K | $6.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.8 | +0.012% | $65K | $325K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.8 | +0.013% | $129K | $429K | 50x | as long as short |
| Bybit MUUSDT | +0.0018% | 8h | 1,049 | +0.028% | $19.2M | $32.6M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,049 | +0.029% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,048.6 | −0.006% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,048.7 | long leg | $1.1M | $4.1M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.1 | −0.051% | $559K | $1.2M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,048.7 | 0.000% | $7.5M | $20.1M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049 | +0.028% | $71K | $242K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050 | +0.122% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.9 | +0.022% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.9 | +0.021% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.2 | −0.050% | $1.9M | $2.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0064% | 1h | 1,048.6 | −0.007% | $178.1M | $100.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0070% | 8h | 1,048.9 | +0.024% | $2K | — | 5x | as long as short |
| OKX MU-USDT-SWAP | +0.0077% | 8h | 1,048.4 | −0.024% | $30.8M | $100.6M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.7 | +0.002% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.8 | +0.010% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.5 | −0.019% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.2 | +0.047% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.257% | $19K | $5K | 12x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.153% | $761K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,048.8 | +0.015% | $32K | $1K | 10x | as long as short |
| Aster MUUSD1 | +0.0215% | 8h | 1,049 | +0.032% | $21.6M | $49.7M | 20x | as long as short |
| Variational Omni MU | +0.0219% | 8h | 1,049 | +0.036% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDTshort | +0.0229% | 8h | 1,048.5 | −0.012% | $126.3M | $524.5M | 50x | |
| GRVT MU_USDT_Perp | +0.0233% | 8h | 1,049.7 | +0.103% | $81K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,049.3 | +0.060% | $537K | $273K | 15x | as long as short |
| Bitget MUUSDT | +0.0306% | 8h | 1,048.9 | +0.026% | $20.2M | $41.9M | 50x | as long as short |
| BloFin MU-USDT | +0.0368% | 8h | 1,049.8 | +0.109% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,048.7 | +0.003% | $333K | $348K | 20x | as long as short |
Lighter MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
tradeXYZ xyz:MU
Paradex MU-USD-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Aster MUUSD1
Variational Omni MU
GRVT MU_USDT_Perp
Phoenix MU
Bitget MUUSDT
BloFin MU-USDT
RISEx MU/USDC