Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.015%

Price spread now: Gate against Lighter RH+0.006%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.006%, 7d avg +0.025%

Together, before fees−0.052%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,045.6	0.0032	pay 0.0004% / 1h	21m 45s	$1.2M	$4.3M	10x
Short	Gate MU_USDT	1,045.7	0	get 0.0000% / 8h	21m 45s	$63.0M	$29.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: −$6.72
Price spread: +0.006% → +0.025%: −$1.94
Slippage, 4 orders: −$9.48
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$33.14
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Gate: 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	0.48 bp	2.8 bp −$3	5.4 bp −$54	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.63 bp	10.2 bp −$10	14.5 bp −$145	33.7 bp −$3,371	60.2 bp −$30.1K

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	−0.0561%	4h	1,045.3	−0.027%	$1.3M	$672K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,045.7	+0.006%	$63.0M	$29.1M	75x
StandX MU-USD	0.0000%	1h	1,045.2	−0.037%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.4	+0.169%	$12K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	−0.008%	$129K	$455K	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,045.2	−0.040%	$3K	$45K	10x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,045.6	long leg	$1.2M	$4.3M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.488%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	+0.020%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	−0.020%	$169K	$193K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.7	+0.010%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.099%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0074%	8h	1,045.8	+0.020%	$30.8M	$105.0M	50x	as long as short
Lighter MU	+0.0080%	1h	1,045.6	+0.001%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.4	−0.024%	$7.9M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.5	−0.013%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.4	−0.018%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.026%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	+0.002%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0115%	8h	1,045.5	−0.012%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,045.9	+0.028%	$20.5M	$43.5M	50x	as long as short
Bullet MU-USD	+0.0118%	1h	1,045.9	+0.030%	$25K	$394K	10x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.5	−0.009%	$33K	—	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.9	+0.025%	$21.5M	$47.3M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0161%	1h	1,045.6	−0.006%	$62K	$275K	10x	as long as short
Nado MU-PERP	+0.0163%	1h	1,045.2	−0.039%	$271K	$875K	10x	as long as short
Variational Omni MU	+0.0183%	8h	1,045.3	−0.032%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0189%	8h	1,046	+0.034%	$124.4M	$532.7M	50x	as long as short
tradeXYZ xyz:MU	+0.0201%	1h	1,045.5	−0.011%	$176.7M	$104.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.066%	$757K	$1.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0226%	8h	1,045.3	−0.033%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0267%	8h	1,045.9	+0.028%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0310%	8h	1,045.5	−0.014%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,045	−0.055%	$541K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.1	+0.047%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	−0.034%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.9	+0.026%	$316K	$339K	20x	as long as short