Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.060%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.060%, 7d avg +0.022%

Together, before fees−0.076%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.038% dearer against Lighter RH than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.022%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,047.1	0.0032	pay 0.0004% / 1h	44m 06s	$1.3M	$4.4M	10x
Short	HTX MU-USDT	1,047.8	0	get 0.0000% / 8h	3h 44m	$130K	$431K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$6.72
Price spread: +0.060% → +0.022%: $3.83
Slippage, 4 orders: −$10.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.82
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; HTX: live order book, 9 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	1.57 bp	1.6 bp −$2	5.8 bp −$58	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	2.81 bp	9.2 bp −$9	9.2 bp −$92	14.0 bp −$1,402	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	−0.0933%	4h	1,048.6	+0.143%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.3	+0.115%	$21.3M	$55.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047.6	+0.048%	$125.5M	$517.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.8	+0.061%	$19.0M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.6	+0.043%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,048	+0.082%	$338K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.5	+0.033%	$62.3M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.8	+0.068%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	+0.139%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048	+0.082%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,048.5	+0.128%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	+0.130%	$11K	$5.8M	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,047.8	+0.060%	$130K	$431K	50x
BloFin MU-USDT	+0.0003%	8h	1,048.3	+0.108%	$1.5M	$2.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,048	+0.088%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.4	+0.031%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.2	+0.004%	$1.1M	$5.1M	20x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,047.1	long leg	$1.3M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,047.2	+0.003%	$553K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.405%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.1	+0.094%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.4	+0.118%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.1	−0.002%	$177.6M	$97.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.4	+0.027%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.6	+0.049%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.4	+0.029%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.9	+0.078%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0054%	1h	1,047.7	+0.055%	$282K	$830K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0056%	1h	1,047.5	+0.034%	$73K	$464K	10x	as long as short
Bullet MU-USD	+0.0061%	1h	1,047.9	+0.073%	$26K	$394K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.3	+0.018%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.8	+0.067%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.7	+0.057%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.1	+0.092%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047.9	+0.070%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.278%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.5	+0.132%	$536K	$271K	15x	as long as short