Funding you earn now, next payment 01:00 UTC+0.0727%/8h= +79.6% APRnext payment +$0.91 per $10,000 · paid last 24h +0.032%
Price spread now: Bullet against Lighter RH−0.077%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 3 days (all we have)+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.077%, 7d avg +0.036%
=Together, before fees+0.228%+ Points / potential airdropLighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bullet is 0.113% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.036%). If the spread goes back, that is −$11 on $10k: about 12 hours of funding at the current rate (+$22 a day). At the pace of the last 3 days (+0.114% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.114% in total (about 12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 per $10,000. 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 | 1,049.7 | 0.0032 | pay 0.0004% / 1h | 51m 38s | $1.2M | $4.1M | 10x |
| Short | Bullet MU-USD | 1,048.9 | 0.0759 | get 0.0095% / 1h | 51m 38s | $26K | $394K | 10x |
Lighter RH MU
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $152.64
- Price spread: −0.077% → +0.036%
- −$11.32
- Slippage, 4 orders
- −$11.32
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $122
- Costs to cover
- 0.193%
- Break-even
- 1.4 days
Slippage from Lighter RH: live order book, 2 min ago; Bullet: live order book, 22 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, 2 min ago | 0.05 bp | 2.9 bp −$3 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 22 min ago | 1.43 bp | 7.1 bp −$7 | 21.6 bp −$216 | 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 | −0.0156% | 4h | 1,048.4 | −0.124% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.6 | −0.011% | $63.2M | $28.4M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.9 | −0.171% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.2 | +0.050% | $11K | $6.3M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.5 | −0.111% | $62K | $292K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.2 | −0.145% | $130K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,046.8 | −0.277% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,049.7 | +0.004% | $1.1M | $4.7M | 20x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,049.7 | long leg | $1.2M | $4.1M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.099% | $14K | $251 | 12x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.1 | +0.045% | — | $195K | 25x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049 | −0.068% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,049.6 | −0.003% | $7.8M | $23.3M | 10x | as long as short |
| Nado MU-PERP | +0.0066% | 1h | 1,049.2 | −0.042% | $271K | $859K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0089% | 8h | 1,049.5 | −0.020% | $30.9M | $101.5M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.3 | −0.037% | $154K | $180K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.8 | −0.079% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.6 | −0.102% | $834 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0105% | 8h | 1,049.7 | −0.001% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,048.4 | −0.120% | $32K | $1K | 10x | as long as short |
| Variational Omni MU | +0.0168% | 8h | 1,048.2 | −0.144% | $2.7M | $2.5M | — | as long as short |
| Bitget MUUSDT | +0.0178% | 8h | 1,049.5 | −0.012% | $20.6M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | +0.0182% | 8h | 1,049 | −0.059% | $21.6M | $47.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.126% | $759K | $1.3M | 10x | as long as short |
| Binance MUUSDT | +0.0191% | 8h | 1,049.7 | 0.000% | $125.8M | $523.9M | 50x | as long as short |
| Bybit MUUSDT | +0.0232% | 8h | 1,049.7 | +0.007% | $19.3M | $32.5M | 100x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,048 | −0.161% | $71K | $243K | 10x | as long as short |
| SoDEX MU-USD | +0.0264% | 1h | 1,048.7 | −0.096% | $688K | $16K | 10x | as long as short |
| BloFin MU-USDT | +0.0307% | 8h | 1,048.6 | −0.103% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,049.6 | −0.007% | $316K | $339K | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,048.9 | −0.073% | $536K | $306K | 15x | as long as short |
| Polymarket Perps MU-USD | +0.0517% | 1h | 1,048.6 | −0.102% | $170K | $202K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0533% | 8h | 1,048.8 | −0.086% | $83K | $1.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0592% | 1h | 1,049.1 | −0.057% | $547K | $1.0M | 10x | as long as short |
| ApeX Omni MUUSDT | +0.0705% | 1h | 1,047.7 | −0.184% | $71K | $267K | 50x | as long as short |
| Bullet MU-USDshort | +0.0759% | 1h | 1,048.9 | −0.077% | $26K | $394K | 10x | |
| tradeXYZ xyz:MU | +0.0759% | 1h | 1,049.4 | −0.026% | $178.5M | $101.0M | 10x | as long as short |
Vest MU-USD-PERP
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Variational Omni MU
Bitget MUUSDT
Aster MUUSD1
Coinbase International MU-PERP-INTX
Binance MUUSDT
Bybit MUUSDT
Arcus MU-USD
SoDEX MU-USD
BloFin MU-USDT
RISEx MU/USDC
Phoenix MU
Polymarket Perps MU-USD
GRVT MU_USDT_Perp
Extended MU_24_5-USD
ApeX Omni MUUSDT
tradeXYZ xyz:MU