Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.014%
Price spread now: Variational Omni against Lighter RH+0.184%7-day average +0.047% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.042%+$4 on $10k
+Price spread, last 7 days−0.148%−$15 · spread now +0.184%, 7d avg +0.047%
=Together, before fees−0.106%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.137% dearer against Lighter RH than usual: you sell high and buy low (spread +0.184% now, against its 7-day average of +0.047%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MU | 1,034.1 | 0.0032 | pay 0.0004% / 1h | 27m 38s | $1.2M | $4.5M | 10x |
| Short | Variational Omni MU | 1,036 | 0 | get 0.0000% / 8h | 2h 27m | $2.6M | $2.4M | — |
Lighter RH MU
Variational Omni MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$6.72
- Price spread: +0.184% → +0.047%
- $13.68
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $6.96
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 6 min ago; Variational Omni: RFQ quote, 2 min ago. 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 | 1.11 bp | 1.2 bp −$1 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.88 bp | doesn't fit | 6.8 bp −$68 | doesn't fit | 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 | −0.0305% | 4h | 1,036.7 | +0.249% | $1.3M | $671K | 10x | as long as short |
| Bitget MUUSDT | −0.0040% | 8h | 1,034.2 | +0.013% | $20.3M | $41.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,034.6 | +0.044% | $21.0M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,034 | −0.008% | $121.5M | $531.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,034.1 | −0.005% | $18.5M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,033.8 | −0.027% | $29.8M | $100.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,033.9 | −0.017% | $316K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,034 | −0.014% | $61.3M | $28.4M | 75x | as long as short |
| Variational Omni MUshort | 0.0000% | 8h | 1,036 | +0.184% | $2.6M | $2.4M | — | |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037 | +0.283% | $75K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,037.4 | +0.316% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,035.3 | +0.113% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,033.8 | −0.029% | $73K | $514K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,034.3 | +0.017% | $127K | $448K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,036.3 | +0.216% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,033.8 | −0.032% | $7.0M | $18.0M | 10x | as long as short |
| Nado MU-PERP | +0.0026% | 1h | 1,033.4 | −0.068% | $276K | $819K | 10x | as long as short |
| Bullet MU-USD | +0.0027% | 1h | 1,034.4 | +0.028% | $25K | $389K | 10x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,034.1 | long leg | $1.2M | $4.5M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,033.3 | −0.078% | $538K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.668% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,035.5 | +0.132% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,034.6 | +0.044% | — | $174K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,033.9 | −0.020% | $175.7M | $93.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,034.2 | +0.009% | $168K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,034.2 | +0.012% | $679K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,033.3 | −0.076% | $1.9M | $2.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,034.2 | +0.007% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,033.8 | −0.029% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,034.1 | +0.004% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,034.1 | −0.006% | $5.2M | $3.7M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036 | +0.186% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,033.8 | −0.027% | $822 | $799 | 20x | as long as short |
| Lighter MU | +0.0104% | 1h | 1,033.9 | −0.019% | $1.0M | $4.9M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.8 | +0.256% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,036.2 | +0.204% | $733K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.1 | +0.289% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Bullet MU-USD
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU