Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.015%

Price spread now: Paradex against Lighter RH+0.003%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	1,042	0.0032	pay 0.0004% / 1h	47m 20s	$1.2M	$4.4M	10x
Short	Paradex MU-USD-PERP	1,042.1	0.0051	get 0.0051% / 8h	2h 47m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.003%Rate

Funding earned: $3.93
Price spread: +0.003% → 0.000%: $0.33
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.26
Costs to cover: 0.040%
Break-even: 6.5 days

Slippage unknown: Lighter RH: live order book, 6 min ago; Paradex: 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, 6 min ago	0.96 bp	1.0 bp −$1	2.4 bp −$24	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0861%	4h	1,043.3	+0.119%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.5	+0.042%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.9	−0.013%	$122.8M	$525.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042	−0.001%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.8	−0.020%	$30.4M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.3	+0.021%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.8	−0.023%	$61.8M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.1	+0.002%	$20.4M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.4	+0.132%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043.6	+0.151%	$83K	$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	1,042.7	+0.063%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.3	+0.219%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.4	+0.030%	$73K	$502K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.8	+0.070%	$128K	$440K	50x	as long as short
Nado MU-PERP	+0.0004%	1h	1,041.8	−0.021%	$281K	$820K	10x	as long as short
Bullet MU-USD	+0.0011%	1h	1,041.9	−0.013%	$26K	$392K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.3	+0.029%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.8	−0.020%	$7.0M	$18.0M	10x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,042	long leg	$1.2M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,041.3	−0.069%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.894%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.6	+0.049%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.5	+0.043%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.6	−0.042%	$177.0M	$93.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.7	−0.033%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.6	+0.056%	$684K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.042%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERPshort	+0.0051%	8h	1,042.1	+0.003%	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,041.4	−0.058%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.9	−0.011%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.9	−0.012%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.3	+0.118%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.9	−0.017%	$828	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,042.1	+0.008%	$1.1M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,043.1	+0.101%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.123%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043.3	+0.121%	$534K	$270K	15x	as long as short