MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.064%

Price spread now: RISEx against Lighter RH+0.044%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Lighter RH Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.044%, 7d avg +0.036%

Together, before fees+0.047%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, 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	1,050.3	0.0032	pay 0.0004% / 1h	51m 33s	$1.2M	$4.2M	10x
Short	RISEx MU/USDC	1,050.7	0	get 0.0000% / 1h	51m 33s	$333K	$349K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$6.72
Price spread: +0.044% → +0.036%: $0.81
Slippage, 4 orders: −$5.61
Fee Lighter RH: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$17.52
Costs to cover: 0.116%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; RISEx: live order book, 12 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	1.62 bp	1.9 bp −$2	4.1 bp −$41	doesn't fit	doesn't fit
Sell RISEx live order book, 12 min ago	1.05 bp	4.0 bp −$4	4.4 bp −$44	doesn't fit	doesn't fit

MU on 36 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	−0.0504%	4h	1,050.4	+0.012%	$1.3M	$671K	10x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,050.7	+0.044%	$333K	$349K	20x
Gate MU_USDT	0.0000%	8h	1,050.5	+0.022%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.022%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.4	+0.196%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.010%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.2	−0.011%	$3K	$45K	10x	as long as short
GRVT MU_USDT_Perp	+0.0021%	8h	1,050.7	+0.039%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0021%	8h	1,050.8	+0.049%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.5	+0.015%	$7.3M	$18.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MUlong	+0.0032%	1h	1,050.3	long leg	$1.2M	$4.2M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,049.7	−0.058%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.102%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	−0.001%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.6	+0.028%	$31.0M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.084%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	+0.001%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.6	+0.026%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050	−0.029%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.6	+0.029%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.033%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	+0.028%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	+0.015%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.049%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.035%	$835	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,050.3	+0.005%	$1.1M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0112%	8h	1,050.3	+0.002%	$21.5M	$52.1M	20x	as long as short
Nado MU-PERP	+0.0115%	1h	1,049.9	−0.039%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.4	+0.007%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0138%	1h	1,050.3	+0.001%	$178.3M	$99.2M	10x	as long as short
Variational Omni MU	+0.0148%	8h	1,050.2	−0.007%	$2.7M	$2.3M	—	as long as short
Deribit MU_USDC-PERPETUAL	+0.0150%	1h	1,050.3	−0.002%	$66K	$353K	10x	as long as short
Bullet MU-USD	+0.0162%	1h	1,050.8	+0.050%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0166%	8h	1,050.6	+0.034%	$126.6M	$520.1M	50x	as long as short
Bitget MUUSDT	+0.0170%	8h	1,050.5	+0.021%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.039%	$537K	$271K	15x	as long as short