Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0754%/8h= −82.5% APRpaid last 24h −0.081%

Price spread now: edgeX against Lighter RH+0.033%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs+$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.703%+$70 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.033%, 7d avg +0.018%

Together, before fees+0.687%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.703%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,039.9	0.0032	pay 0.0004% / 1h	4m 53s	$1.1M	$4.5M	10x
Short	edgeX MUUSDC	1,040.3	−0.0722	pay 0.0361% / 4h	1h 04m	$1.3M	$695K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$158.26
Price spread: +0.033% → +0.018%: $1.51
Slippage, 4 orders: −$3.98
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$169.73
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; edgeX: live order book, 2 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	1.01 bp	1.5 bp −$1	4.3 bp −$43	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.8 bp −$68	29.1 bp −$2,911	doesn't fit

MU on 37 exchanges

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 MUUSDCshort	−0.0722%	4h	1,040.3	+0.033%	$1.3M	$695K	10x
Aster MUUSD1	0.0000%	8h	1,040.4	+0.050%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.2	+0.026%	$122.2M	$555.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.1	+0.015%	$29.8M	$107.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,040	+0.005%	$61.4M	$28.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039.9	−0.004%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	+0.034%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.7	−0.025%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042	+0.199%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039.6	−0.028%	$33K	$729K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,039.9	+0.003%	$119K	$473K	50x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,039.9	long leg	$1.1M	$4.5M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.101%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0037%	1h	1,040.2	+0.032%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.4	+0.141%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040	+0.009%	$170K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.1	+0.013%	$684K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.2	−0.066%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,040.2	+0.025%	$7.0M	$19.4M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.8	−0.014%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0082%	8h	1,040.4	+0.042%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0098%	8h	1,040.3	+0.039%	$18.9M	$32.3M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,040.4	+0.048%	$152K	$228K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040	+0.006%	$5.2M	$6.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.1	+0.111%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.1	+0.021%	$827	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,040.4	+0.049%	$299K	$335K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.3	+0.033%	$1.5M	$2.7M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,040	+0.007%	$90K	$160K	10x	as long as short
Nado MU-PERP	+0.0143%	1h	1,039.7	−0.018%	$276K	$835K	10x	as long as short
GRVT MU_USDT_Perp	+0.0152%	8h	1,040.8	+0.089%	$73K	$1.4M	10x	as long as short
Lighter MU	+0.0176%	1h	1,040	+0.010%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,037.9	−0.195%	$727K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0232%	1h	1,039.8	−0.011%	$177.8M	$75.0M	10x	as long as short
Bullet MU-USD	+0.0237%	1h	1,040.2	+0.028%	$26K	$384K	10x	as long as short
Extended MU_24_5-USD	+0.0296%	1h	1,039.3	−0.057%	$550K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	+0.047%	$532K	$159K	15x	as long as short