Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.049%
Price spread now: Coinbase International against Lighter RH+0.107%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 7 days+0.307%+$31 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.107%, 7d avg −0.011%
=Together, before fees+0.184%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.118% dearer against Lighter RH than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MU | 1,043.6 | 0.0032 | pay 0.0004% / 1h | 19m 47s | $1.3M | $4.4M | 10x |
| Short | Coinbase International MU-PERP-INTX | 1,044.8 | 0.0120 | get 0.0015% / 1h | 19m 47s | $749K | $1.2M | 10x |
Lighter RH MU
Coinbase International MU-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $18.48
- Price spread: +0.107% → −0.011%
- $11.79
- Slippage, 4 orders
- −$9.78
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $10.48
- Costs to cover
- 0.198%
- Break-even
- 3.0 days
Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago | 0.77 bp | 1.9 bp −$2 | 5.8 bp −$58 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 3.21 bp | 8.2 bp −$8 | 8.5 bp −$85 | 60.1 bp −$6,007 | 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 | −0.0096% | 4h | 1,044 | +0.034% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044 | +0.032% | $21.2M | $56.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,043.7 | +0.002% | $123.9M | $522.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,043.9 | +0.029% | $18.7M | $31.8M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.5 | −0.013% | $30.9M | $99.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,044.2 | +0.052% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.8 | +0.011% | $61.9M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,043.9 | +0.025% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,045.1 | +0.136% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,045.6 | +0.191% | $79K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
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 | 1,045 | +0.129% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.2 | +0.245% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,043.3 | −0.028% | $73K | $478K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.6 | −0.007% | $130K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,044.6 | +0.093% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,043.9 | +0.021% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,043.7 | +0.005% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,043.6 | long leg | $1.3M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,043.3 | −0.027% | $548K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.741% | $19K | $5K | 12x | as long as short |
| Nado MU-PERP | +0.0037% | 1h | 1,044.5 | +0.081% | $281K | $828K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,044.5 | +0.086% | $70K | $233K | 10x | as long as short |
| Bullet MU-USD | +0.0043% | 1h | 1,044 | +0.039% | $25K | $393K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,044.6 | +0.092% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,043.4 | −0.022% | $176.6M | $95.3M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.8 | +0.016% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.9 | +0.022% | $685K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,043.8 | +0.015% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.3 | +0.064% | $1.9M | $2.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,043.3 | −0.030% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.7 | +0.003% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.6 | −0.002% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044 | +0.036% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.6 | −0.005% | $830 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXshort | +0.0120% | 1h | 1,044.8 | +0.107% | $749K | $1.2M | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,045.3 | +0.158% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,044.9 | +0.122% | $534K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Nado MU-PERP
Arcus MU-USD
Bullet MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU