Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h −0.008%
Price spread now: Lighter against Nado+0.060%7-day average −0.005% · 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−$9as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Funding, last 4 days (all we have)+0.018%+$2 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now +0.060%, 7d avg −0.005%
=Together, before fees+0.041%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$4 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 Lighter is 0.066% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MU-PERP | 1,039.7 | 0.0143 | pay 0.0018% / 1h | 5m 52s | $276K | $835K | 10x |
| Short | Lighter MU | 1,040.4 | 0.0176 | get 0.0022% / 1h | 5m 52s | $1.0M | $5.0M | 20x |
Nado MU-PERP
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $7.02
- Price spread: +0.060% → −0.005%
- $6.57
- Slippage, 4 orders
- −$8.67
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.08
- Costs to cover
- 0.157%
- Break-even
- 9.1 days
Slippage from Nado: live order book, 41 min ago; Lighter: live order book, 5 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 Nado live order book, 41 min ago | 0.05 bp | 7.8 bp −$8 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.29 bp | 0.3 bp $0 | 1.0 bp −$10 | 15.1 bp −$1,507 | doesn't fit |
MU on 37 exchanges
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 | −0.0365% | 4h | 1,040.3 | +0.056% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.9 | +0.111% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.6 | +0.079% | $122.2M | $555.3M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.4 | +0.066% | $29.8M | $107.2M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.3 | +0.058% | $61.5M | $28.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.5 | +0.076% | $19.8M | $43.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040 | +0.025% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.7 | −0.009% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.9 | +0.203% | $11K | $5.0M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.3 | +0.058% | $120K | $473K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MU | +0.0032% | 1h | 1,040.3 | +0.049% | $1.1M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.117% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0037% | 1h | 1,040.2 | +0.047% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.4 | +0.162% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040 | +0.025% | $170K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,040.5 | +0.068% | $684K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,039.2 | −0.050% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,040.1 | +0.032% | $7.0M | $19.4M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039.9 | +0.018% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0081% | 8h | 1,040.1 | +0.033% | $2K | — | 5x | as long as short |
| Bybit MUUSDT | +0.0099% | 8h | 1,040.8 | +0.102% | $18.9M | $32.3M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,040.3 | +0.050% | $152K | $228K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,040 | +0.023% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,041.1 | +0.127% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.4 | +0.061% | $827 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,040.4 | +0.067% | $299K | $335K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.5 | +0.077% | $1.5M | $2.7M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,039.9 | +0.014% | $90K | $160K | 10x | as long as short |
| Nado MU-PERPlong | +0.0143% | 1h | 1,039.7 | long leg | $276K | $835K | 10x | |
| GRVT MU_USDT_Perp | +0.0152% | 8h | 1,040.8 | +0.105% | $73K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0164% | 1h | 1,039.9 | +0.010% | $33K | $729K | 10x | as long as short |
| Lighter MUshort | +0.0176% | 1h | 1,040.4 | +0.060% | $1.0M | $5.0M | 20x | |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,037.9 | −0.179% | $727K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0233% | 1h | 1,040.4 | +0.063% | $177.9M | $75.0M | 10x | as long as short |
| Bullet MU-USD | +0.0237% | 1h | 1,040.6 | +0.083% | $26K | $384K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0296% | 1h | 1,039.5 | −0.023% | $546K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.063% | $532K | $159K | 15x | as long as short |
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aevo MU-PERP
Paradex MU-USD-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Arcus MU-USD
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU