MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.006%

Price spread now: Polymarket Perps against Lighter RH+0.038%46s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$170.174% of the position

Long on Lighter RH Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.038%, 7d avg −0.022%

Together, before fees−0.015%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.060% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.022%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,052.2	0.0032	pay 0.0004% / 1h	26m 38s	$1.2M	$4.1M	10x
Short	Polymarket Perps MU-USD	1,052.6	0.0050	get 0.0006% / 1h	26m 38s	$171K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.038%Rate

Funding earned: $3.78
Price spread: +0.038% → −0.022%: $5.97
Slippage, 4 orders: −$9.37
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$7.62
Costs to cover: 0.174%
Break-even: 21.1 days

Slippage from Lighter RH: live order book, 2 min ago; Polymarket Perps: live order book, 45 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	2.47 bp	2.5 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 45 min ago	1.91 bp	5.9 bp −$6	6.8 bp −$68	9.8 bp −$984	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	−0.0560%	4h	1,050.4	−0.167%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	−0.027%	$62.9M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	−0.067%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.201%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.015%	$130K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050	−0.211%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052.3	+0.006%	$1.1M	$4.8M	20x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,052.2	long leg	$1.2M	$4.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.080%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.7	+0.050%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USDshort	+0.0050%	1h	1,052.6	+0.038%	$171K	$203K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.7	−0.045%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,052	−0.016%	$7.8M	$22.3M	10x	as long as short
Nado MU-PERP	+0.0082%	1h	1,051.9	−0.027%	$275K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0093%	8h	1,052.2	−0.003%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,052	−0.023%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.5	−0.069%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.1	−0.006%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.9	+0.062%	$837	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0102%	8h	1,051.8	−0.043%	$31.0M	$101.9M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,052.5	+0.024%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0160%	1h	1,052.6	+0.037%	$691K	$16K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.365%	$759K	$1.2M	10x	as long as short
Variational Omni MU	+0.0211%	8h	1,049.7	−0.239%	$2.7M	$2.4M	—	as long as short
Bybit MUUSDT	+0.0224%	8h	1,051.8	−0.035%	$19.5M	$32.7M	100x	as long as short
Aster MUUSD1	+0.0230%	8h	1,051.6	−0.053%	$21.6M	$48.4M	20x	as long as short
Bullet MU-USD	+0.0231%	1h	1,052.8	+0.057%	$25K	$396K	10x	as long as short
Binance MUUSDT	+0.0233%	8h	1,051.9	−0.025%	$126.2M	$523.3M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.094%	$71K	$243K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0263%	1h	1,052.6	+0.033%	$64K	$304K	10x	as long as short
tradeXYZ xyz:MU	+0.0265%	1h	1,052.1	−0.010%	$178.6M	$101.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,052.2	+0.002%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0350%	8h	1,052.6	+0.042%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0364%	8h	1,051.8	−0.042%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.190%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0408%	1h	1,051.3	−0.086%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0484%	8h	1,049.6	−0.250%	$83K	$1.3M	10x	as long as short