Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.033%

Price spread now: Lighter against Paradex+0.001%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,046.2	0.0157	pay 0.0157% / 8h	46m 04s	$2K	—	5x
Short	Lighter MU	1,046.2	0.0200	get 0.0025% / 1h	46m 04s	$1.0M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee LighterbpOrdersPrice spread, now +0.001%Rate

Funding earned: $8.96
Price spread: +0.001% → 0.000%: $0.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.03
Costs to cover: 0.040%
Break-even: 3.1 days

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 7 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	0.05 bp	0.5 bp $0	1.3 bp −$13	15.8 bp −$1,580	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.071%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.3	+0.004%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.1	−0.106%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	+0.220%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.9	−0.028%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	+0.002%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.430%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,044.9	−0.125%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	−0.009%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046	−0.020%	$166K	$197K	10x	as long as short

Show 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	−0.151%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0080%	8h	1,046.3	+0.010%	$30.8M	$105.2M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046.3	+0.012%	$7.8M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.3	+0.012%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.068%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	−0.032%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.4	+0.017%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046.4	+0.014%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,046.2	−0.002%	$33K	—	10x	as long as short
SoDEX MU-USD	+0.0143%	1h	1,046.4	+0.013%	$687K	$16K	10x	as long as short
Paradex MU-USD-PERPlong	+0.0157%	8h	1,046.2	long leg	$2K	—	5x
Aster MUUSD1	+0.0164%	8h	1,046.6	+0.034%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0189%	8h	1,045.5	−0.069%	$2.6M	$2.5M	—	as long as short
Lighter MUshort	+0.0200%	1h	1,046.2	+0.001%	$1.0M	$4.8M	20x
Binance MUUSDT	+0.0211%	8h	1,046.5	+0.031%	$124.9M	$533.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.7	−0.051%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	−0.045%	$77K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0257%	1h	1,046.4	+0.017%	$25K	$396K	10x	as long as short
Nado MU-PERP	+0.0260%	1h	1,045.5	−0.064%	$270K	$875K	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.6	+0.037%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0312%	1h	1,046.2	−0.001%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0329%	8h	1,046.4	+0.013%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0362%	1h	1,046.1	−0.010%	$62K	$258K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	−0.030%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.037%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.7	+0.046%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0720%	1h	1,045.3	−0.092%	$540K	$1.1M	10x	as long as short