Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.003%

Price spread now: Bitget against Lighter RH+0.014%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.014%, 7d avg +0.063%

Together, before fees+0.191%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.048% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.063%). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,043.2	0.0032	pay 0.0004% / 1h	18m 00s	$1.2M	$4.2M	10x
Short	Bitget MUUSDT	1,043.4	0.0103	get 0.0103% / 8h	1h 18m	$20.4M	$43.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.014%Rate

Funding earned: $14.91
Price spread: +0.014% → +0.063%: −$4.83
Slippage, 4 orders: −$4.23
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.15
Costs to cover: 0.162%
Break-even: 9.9 days

Slippage from Lighter RH: live order book, 5 min ago; Bitget: live order book, 1 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, 5 min ago	0.72 bp	1.2 bp −$1	5.1 bp −$51	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.05 bp	7.0 bp −$7	9.7 bp −$97	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	−0.0865%	4h	1,044.1	+0.079%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.3	+0.005%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.1	−0.013%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.8	+0.246%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.6	+0.030%	$125K	$442K	50x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,043.2	long leg	$1.2M	$4.2M	10x
Aftermath Perps MUUSD	+0.0033%	1h	1,043.5	+0.025%	$3K	$45K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.716%	$14K	$302	12x	as long as short
OKX MU-USDT-SWAP	+0.0036%	8h	1,043.4	+0.012%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	−0.021%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.4	+0.015%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.5	+0.025%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.5	−0.067%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.5	+0.026%	$7.8M	$24.1M	10x	as long as short
Aster MUUSD1	+0.0089%	8h	1,044.3	+0.100%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.5	+0.029%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.4	+0.019%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	+0.024%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.7	+0.042%	$830	$799	20x	as long as short
Bitget MUUSDTshort	+0.0103%	8h	1,043.4	+0.014%	$20.4M	$43.0M	50x
Aevo MU-PERP	+0.0120%	1h	1,043.5	+0.024%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0136%	8h	1,043.5	+0.023%	$2K	—	5x	as long as short
Variational Omni MU	+0.0141%	8h	1,044	+0.073%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0161%	8h	1,043.6	+0.036%	$124.7M	$535.8M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	−0.001%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0200%	1h	1,043.4	+0.013%	$999K	$4.8M	20x	as long as short
Nado MU-PERP	+0.0218%	1h	1,042.6	−0.059%	$269K	$873K	10x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,044.2	+0.094%	$77K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0244%	8h	1,043.6	+0.034%	$19.2M	$32.7M	100x	as long as short
Bullet MU-USD	+0.0277%	1h	1,043.7	+0.047%	$27K	$396K	10x	as long as short
BloFin MU-USDT	+0.0280%	8h	1,043.8	+0.054%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0324%	1h	1,043.3	+0.006%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.2	+0.092%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.3	+0.003%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.9	+0.068%	$295K	$338K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0642%	1h	1,043.4	+0.012%	$61K	$247K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,042.4	−0.082%	$547K	$1.1M	10x	as long as short