Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Pacifica+0.012%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.012%, 7d avg +0.011%
=Together, before fees+0.049%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,046 | 0.0100 | pay 0.0013% / 1h | 46m 56s | $153K | $182K | 10x |
| Short | Lighter MU | 1,046.1 | 0.0200 | get 0.0025% / 1h | 46m 56s | $1.0M | $4.8M | 20x |
Pacifica MU
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- $21
- Price spread: +0.012% → +0.011%
- $0.04
- Slippage, 4 orders
- −$12.22
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $0.81
- Costs to cover
- 0.202%
- Break-even
- 6.7 days
Slippage from Pacifica: live order book, 31 min ago; Lighter: live order book, 6 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 Pacifica live order book, 31 min ago | 3.55 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.05 bp | 0.5 bp $0 | 1.3 bp −$13 | 15.8 bp −$1,580 | 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 | −0.0477% | 4h | 1,045.5 | −0.049% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,046.1 | +0.010% | $63.1M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,044.9 | −0.103% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,048.4 | +0.230% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.8 | −0.014% | $124K | $446K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,046.1 | +0.010% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.452% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0036% | 1h | 1,044.7 | −0.121% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,045.8 | −0.015% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.6 | −0.036% | $166K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.6 | −0.129% | $2.0M | $2.7M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0079% | 8h | 1,046.3 | +0.026% | $30.8M | $105.2M | 50x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.9 | −0.011% | $7.9M | $23.9M | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,046 | long leg | $153K | $182K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.3 | −0.066% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.9 | −0.009% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046.2 | +0.017% | $832 | $799 | 20x | as long as short |
| SoDEX MU-USD | +0.0132% | 1h | 1,046.1 | +0.010% | $687K | $16K | 10x | as long as short |
| Bitget MUUSDT | +0.0135% | 8h | 1,046.2 | +0.023% | $20.5M | $43.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,045.9 | −0.006% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0158% | 8h | 1,045.9 | −0.008% | $2K | — | 5x | as long as short |
| Aster MUUSD1 | +0.0160% | 8h | 1,046.6 | +0.057% | $21.6M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0189% | 8h | 1,045.5 | −0.046% | $2.6M | $2.5M | — | as long as short |
| Lighter MUshort | +0.0200% | 1h | 1,046.1 | +0.012% | $1.0M | $4.8M | 20x | |
| Binance MUUSDT | +0.0209% | 8h | 1,046.3 | +0.028% | $124.9M | $533.1M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,045.6 | −0.041% | $757K | $1.4M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0253% | 8h | 1,045.7 | −0.023% | $77K | $1.4M | 10x | as long as short |
| Nado MU-PERP | +0.0265% | 1h | 1,045.3 | −0.061% | $270K | $875K | 10x | as long as short |
| Bullet MU-USD | +0.0265% | 1h | 1,046 | +0.002% | $24K | $396K | 10x | as long as short |
| Bybit MUUSDT | +0.0284% | 8h | 1,046.4 | +0.043% | $19.2M | $32.6M | 100x | as long as short |
| tradeXYZ xyz:MU | +0.0313% | 1h | 1,046.2 | +0.021% | $176.8M | $105.6M | 10x | as long as short |
| BloFin MU-USDT | +0.0329% | 8h | 1,046.4 | +0.036% | $1.4M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0353% | 1h | 1,045.9 | −0.005% | $62K | $257K | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,045.9 | −0.007% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.5 | −0.050% | $74K | $240K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.2 | +0.025% | $317K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0720% | 1h | 1,045.2 | −0.071% | $540K | $1.1M | 10x | as long as short |
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
QFEX MU-USD
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
SoDEX MU-USD
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Nado MU-PERP
Bullet MU-USD
Bybit MUUSDT
tradeXYZ xyz:MU
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD