Funding you earn now, next payment 23:00 UTC+0.0672%/8h= +73.6% APRnext payment +$0.84 per $10,000 · paid last 24h +0.044%
Price spread now: Extended against Lighter RH−0.099%7-day average −0.015% · 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−$18as in the Price arb table
costs, in and out, $10k−$100.095% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.099%, 7d avg −0.015%
=Together, before fees+0.190%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.083% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.015%). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.124% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.84 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 | 1,043.6 | 0.0032 | pay 0.0004% / 1h | 4m 43s | $1.2M | $4.3M | 10x |
| Short | Extended MU_24_5-USD | 1,042.6 | 0.0704 | get 0.0088% / 1h | 4m 43s | $547K | $1.1M | 10x |
Lighter RH MU
Extended MU_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $141.12
- Price spread: −0.099% → −0.015%
- −$8.35
- Slippage, 4 orders
- −$4.51
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $123.27
- Costs to cover
- 0.095%
- Break-even
- 0.9 days
Slippage from Lighter RH: live order book, 4 min ago; Extended: 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 | 0.67 bp | 1.6 bp −$2 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.10 bp | 3.4 bp −$3 | 8.3 bp −$83 | 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 | −0.0371% | 4h | 1,043.4 | −0.021% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.6 | −0.001% | $62.9M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,042.7 | −0.087% | $188K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.9 | +0.223% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.5 | −0.014% | $125K | $442K | 50x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,043.6 | long leg | $1.2M | $4.3M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.681% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0036% | 1h | 1,043.5 | −0.011% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.1 | −0.046% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.3 | −0.029% | $165K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.7 | −0.084% | $2.0M | $2.7M | 10x | as long as short |
| SoDEX MU-USD | +0.0051% | 1h | 1,043.7 | +0.005% | $685K | $16K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0053% | 8h | 1,043.8 | +0.022% | $30.9M | $105.0M | 50x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.6 | −0.003% | $7.8M | $24.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044 | +0.034% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.4 | −0.022% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043 | −0.062% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.8 | +0.015% | $830 | $799 | 20x | as long as short |
| Aster MUUSD1 | +0.0112% | 8h | 1,044.2 | +0.054% | $21.5M | $47.4M | 20x | as long as short |
| Bitget MUUSDT | +0.0115% | 8h | 1,043.7 | +0.011% | $20.5M | $43.0M | 50x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,043.5 | −0.010% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0148% | 8h | 1,043.8 | +0.019% | $2K | — | 5x | as long as short |
| Variational Omni MU | +0.0159% | 8h | 1,043.5 | −0.012% | $2.6M | $2.6M | — | as long as short |
| Binance MUUSDT | +0.0177% | 8h | 1,044 | +0.040% | $124.7M | $535.1M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.2 | −0.035% | $755K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0208% | 1h | 1,043.7 | +0.013% | $1.0M | $4.8M | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0224% | 8h | 1,043.8 | +0.017% | $77K | $1.4M | 10x | as long as short |
| Nado MU-PERP | +0.0235% | 1h | 1,042.7 | −0.083% | $273K | $872K | 10x | as long as short |
| Bybit MUUSDT | +0.0263% | 8h | 1,044.2 | +0.057% | $19.2M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0281% | 1h | 1,043.7 | +0.013% | $25K | $396K | 10x | as long as short |
| BloFin MU-USDT | +0.0295% | 8h | 1,043.9 | +0.031% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0327% | 1h | 1,043.7 | +0.010% | $176.3M | $106.5M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044 | +0.038% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.1 | −0.044% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044 | +0.034% | $295K | $339K | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0565% | 1h | 1,043.4 | −0.019% | $62K | $252K | 10x | as long as short |
| Extended MU_24_5-USDshort | +0.0704% | 1h | 1,042.6 | −0.099% | $547K | $1.1M | 10x |
Ondo Perps MU-USD.P
SoDEX MU-USD
OKX MU-USDT-SWAP
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aster MUUSD1
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Variational Omni MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Lighter MU
GRVT MU_USDT_Perp
Nado MU-PERP
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Deribit MU_USDC-PERPETUAL