Funding you earn now, next payment 12:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against Lighter RH+0.007%7-day average +0.021% · 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−$7as in the Price arb table
costs, in and out, $10k−$60.059% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now +0.007%, 7d avg +0.021%
=Together, before fees+0.211%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$2 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 | 1,036.3 | 0.0032 | pay 0.0004% / 1h | 45m 24s | $1.1M | $4.4M | 10x |
| Short | Lighter MU | 1,036.4 | 0.0112 | get 0.0014% / 1h | 45m 24s | $1.0M | $5.0M | 20x |
Lighter RH MU
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $16.8
- Price spread: +0.007% → +0.021%
- −$1.38
- Slippage, 4 orders
- −$5.91
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.51
- Costs to cover
- 0.059%
- Break-even
- 3.0 days
Slippage from Lighter RH: live order book, 1 min ago; Lighter: live order book, 6 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, 1 min ago | 1.64 bp | 3.5 bp −$3 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.05 bp | 0.4 bp $0 | 1.1 bp −$11 | 22.2 bp −$2,223 | 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 MUUSDC | −0.0719% | 4h | 1,037 | +0.068% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037 | +0.069% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.5 | +0.025% | $121.8M | $555.4M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.7 | +0.041% | $29.9M | $107.0M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.5 | +0.017% | $61.2M | $27.5M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,036.6 | +0.033% | $19.9M | $43.9M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.5 | +0.021% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038 | +0.165% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038.2 | +0.182% | $11K | $4.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.9 | −0.041% | $32K | $737K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,036.8 | +0.051% | $119K | $473K | 50x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,036.3 | long leg | $1.1M | $4.4M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.455% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0039% | 1h | 1,036.8 | +0.046% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,036.7 | +0.036% | $298K | $333K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.3 | +0.096% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036.2 | −0.008% | $169K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.6 | +0.027% | $682K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.1 | −0.014% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,036.4 | +0.008% | $7.0M | $19.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0078% | 8h | 1,036.3 | +0.006% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036 | −0.022% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0081% | 8h | 1,036.6 | +0.029% | $18.8M | $32.3M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,036.3 | +0.003% | $151K | $222K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.3 | 0.000% | $5.2M | $6.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.7 | +0.044% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.7 | +0.041% | $824 | $799 | 20x | as long as short |
| Lighter MUshort | +0.0112% | 1h | 1,036.4 | +0.007% | $1.0M | $5.0M | 20x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.9 | +0.064% | $1.5M | $2.7M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,036.8 | +0.046% | $727K | $1.2M | 10x | as long as short |
| Nado MU-PERP | +0.0143% | 1h | 1,036.1 | −0.020% | $273K | $835K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0145% | 8h | 1,037 | +0.073% | $80K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0186% | 1h | 1,035.9 | −0.041% | $90K | $160K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0200% | 1h | 1,035.9 | −0.040% | $552K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0233% | 1h | 1,036.1 | −0.017% | $176.6M | $75.2M | 10x | as long as short |
| Bullet MU-USD | +0.0243% | 1h | 1,036.7 | +0.041% | $26K | $383K | 10x | as long as short |
| Phoenix MU | +0.0461% | 1h | 1,036.6 | +0.031% | $531K | $159K | 15x | as long as short |
HTX MU-USDT
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
Arcus MU-USD
Extended MU_24_5-USD
tradeXYZ xyz:MU
Bullet MU-USD
Phoenix MU