Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH+0.077%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.077% dearer against Lighter RH than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,028.8	0.0032	pay 0.0004% / 1h	40m 54s	$1.1M	$4.4M	10x
Short	Orderly PERP_MU_USDC_mythos	1,029.6	0.0100	get 0.0100% / 8h	7h 40m	$819	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.077%Rate

Funding earned: $14.28
Price spread: +0.077% → 0.000%: $7.68
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $15.96
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	2.13 bp	2.1 bp −$2	4.0 bp −$40	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0734%	4h	1,030.8	+0.197%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0077%	8h	1,029	+0.022%	$19.9M	$40.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.6	+0.073%	$21.0M	$68.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.1	+0.032%	$121.2M	$543.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,029	+0.019%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029	+0.021%	$29.4M	$101.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.1	+0.125%	$310K	$380K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029	+0.015%	$61.7M	$27.9M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,030.2	+0.139%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,030.7	+0.184%	$72K	$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	1,029.8	+0.098%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.5	+0.162%	$11K	$5.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,029.2	+0.040%	$73K	$626K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,029.5	+0.063%	$119K	$490K	50x	as long as short
Aftermath Perps MUUSD	+0.0025%	1h	1,030.3	+0.144%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.8	+0.100%	$6.9M	$18.8M	10x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,028.8	long leg	$1.1M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,028.5	−0.028%	$543K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.192%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.5	+0.062%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.6	+0.080%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.3	+0.048%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029.3	+0.043%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,029.2	+0.037%	$1.8M	$2.9M	10x	as long as short
Lighter MU	+0.0056%	1h	1,029.1	+0.023%	$988K	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,029.8	+0.099%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,028.8	−0.001%	$174.0M	$80.5M	10x	as long as short
Nado MU-PERP	+0.0077%	1h	1,029.6	+0.075%	$272K	$806K	10x	as long as short
Bullet MU-USD	+0.0080%	1h	1,029.8	+0.096%	$25K	$389K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.2	+0.033%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.1	+0.127%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029.6	+0.077%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.8	+0.003%	$5.1M	$4.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,032	+0.311%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,029.6	+0.077%	$819	$799	20x
BloFin MU-USDT	+0.0120%	8h	1,029.4	+0.055%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,031.9	+0.300%	$528K	$270K	15x	as long as short