Funding you earn now, next payment 02:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.032%
Price spread now: Lighter RH against Nado−0.014%48s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$160.156% of the position
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 7 days−0.096%−$10 · spread now −0.014%, 7d avg −0.029%
=Together, before fees−0.105%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 48 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 | Nado MU-PERP | 1,049.8 | −0.0007 | get 0.0001% / 1h | 16m 32s | $277K | $854K | 10x |
| Short | Lighter RH MU | 1,049.7 | 0.0032 | get 0.0004% / 1h | 16m 32s | $1.1M | $4.2M | 10x |
Nado MU-PERP
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $8.13
- Price spread: −0.014% → −0.029%
- $1.52
- Slippage, 4 orders
- −$8.57
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$5.93
- Costs to cover
- 0.156%
- Break-even
- 12.1 days
Slippage from Nado: live order book, 52 min ago; Lighter RH: live order book, 2 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, 52 min ago | 0.05 bp | 7.9 bp −$8 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.14 bp | 1.5 bp −$1 | 5.2 bp −$52 | 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 | −0.0876% | 4h | 1,049.5 | −0.030% | $1.3M | $672K | 10x | as long as short |
| Nado MU-PERPlong | −0.0007% | 1h | 1,049.8 | long leg | $277K | $854K | 10x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,050 | +0.023% | $19.2M | $32.6M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.8 | −0.004% | $62.0M | $27.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.6 | −0.019% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,050.1 | +0.029% | $25K | $394K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.2 | +0.133% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.8 | −0.004% | $66K | $340K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.8 | −0.003% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.6 | −0.023% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Bybit MUUSDT
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,049.7 | −0.009% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,049.7 | −0.014% | $1.1M | $4.2M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.3 | −0.051% | $567K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.8 | −0.002% | $7.4M | $19.3M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.7 | −0.014% | $71K | $236K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.8 | +0.099% | — | $177K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,049.6 | −0.019% | $178.1M | $99.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.7 | −0.009% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050 | +0.015% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.8 | −0.093% | $1.9M | $2.3M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0052% | 8h | 1,049.9 | +0.009% | $30.8M | $100.5M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0056% | 8h | 1,049.8 | +0.002% | $81K | $1.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0061% | 8h | 1,049.9 | +0.010% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.5 | −0.032% | $148K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.7 | −0.012% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,049.9 | +0.006% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.9 | +0.014% | $835 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.149% | $19K | $5K | 12x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,049.8 | 0.000% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.046% | $757K | $1.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0149% | 8h | 1,049.9 | +0.010% | $21.6M | $51.6M | 20x | as long as short |
| Variational Omni MU | +0.0181% | 8h | 1,049.8 | −0.005% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0191% | 8h | 1,049.8 | +0.003% | $126.5M | $523.2M | 50x | as long as short |
| Bitget MUUSDT | +0.0230% | 8h | 1,049.9 | +0.012% | $20.6M | $42.0M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.3 | +0.048% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,050 | +0.021% | $334K | $348K | 20x | as long as short |
Lighter MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
GRVT MU_USDT_Perp
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
RISEx MU/USDC