Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter RH against Pacifica−0.006%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.006%, 7d avg +0.005%
=Together, before fees−0.122%+ Points / potential airdropPacifica: Active · Lighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$2 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 | 1,035.4 | 0.0100 | pay 0.0013% / 1h | 31m 27s | $146K | $187K | 10x |
| Short | Lighter RH MU | 1,035.3 | 0.0032 | get 0.0004% / 1h | 31m 27s | $1.2M | $4.5M | 10x |
Pacifica MU
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$14.28
- Price spread: −0.006% → +0.005%
- −$1.13
- Slippage, 4 orders
- −$14.21
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$37.62
- Costs to cover
- 0.222%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 16 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 Pacifica live order book, 16 min ago | 2.98 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.11 bp | 2.0 bp −$2 | 4.5 bp −$45 | 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 | −0.0955% | 4h | 1,035.8 | +0.039% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.2 | +0.080% | $21.1M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,035.8 | +0.045% | $121.1M | $530.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,035.9 | +0.049% | $18.5M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,035.6 | +0.024% | $30.0M | $100.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036 | +0.059% | $334K | $370K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,035.6 | +0.023% | $61.4M | $28.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,035.9 | +0.052% | $20.3M | $41.1M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.2 | +0.278% | $2.6M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,035.3 | −0.003% | $75K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
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 | 1,035.5 | +0.014% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.7 | +0.225% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.9 | +0.051% | $73K | $512K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.4 | +0.103% | $127K | $447K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,037.4 | +0.191% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0023% | 1h | 1,035.1 | −0.027% | $277K | $819K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,035.6 | +0.021% | $7.0M | $18.0M | 10x | as long as short |
| Bullet MU-USD | +0.0023% | 1h | 1,036.3 | +0.090% | $26K | $390K | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,035.3 | −0.006% | $1.2M | $4.5M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035 | −0.031% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.544% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036.4 | +0.101% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.6 | +0.023% | — | $174K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,035.5 | +0.012% | $175.8M | $92.5M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.4 | +0.003% | $168K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.7 | +0.033% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,034.7 | −0.062% | $1.9M | $2.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,035.5 | +0.013% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.7 | +0.032% | $32K | $1K | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,035.4 | long leg | $146K | $187K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,035.4 | 0.000% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,035.3 | −0.012% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036 | +0.057% | $824 | $799 | 20x | as long as short |
| Lighter MU | +0.0104% | 1h | 1,035.5 | +0.012% | $1.0M | $4.9M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,035.2 | −0.015% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,035.9 | +0.048% | $731K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.1 | +0.167% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
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
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU