Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter RH against Polymarket Perps−0.038%46s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$170.174% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.038%, 7d avg +0.022%
=Together, before fees+0.015%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.060% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.022%). Swap the legs. The two prices were read 46 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 | Polymarket Perps MU-USD | 1,052.6 | 0.0050 | pay 0.0006% / 1h | 26m 41s | $171K | $203K | 10x |
| Short | Lighter RH MU | 1,052.2 | 0.0032 | get 0.0004% / 1h | 26m 41s | $1.2M | $4.1M | 10x |
Polymarket Perps MU-USD
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Polymarket Perps. 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
- −$3.78
- Price spread: −0.038% → +0.022%
- −$5.97
- Slippage, 4 orders
- −$9.37
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.12
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 45 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 Polymarket Perps live order book, 45 min ago | 1.91 bp | 6.4 bp −$6 | 7.7 bp −$77 | 9.8 bp −$976 | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.47 bp | 2.5 bp −$3 | 5.5 bp −$55 | 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 | −0.0560% | 4h | 1,050.4 | −0.205% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.5 | −0.014% | $62.9M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.1 | −0.139% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.3 | +0.163% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.4 | −0.023% | $130K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,050 | −0.249% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,052.3 | −0.032% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,052.2 | −0.038% | $1.2M | $4.1M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.118% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.2 | +0.060% | — | $179K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USDlong | +0.0050% | 1h | 1,052.6 | long leg | $171K | $203K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.8 | −0.080% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,052.5 | −0.013% | $7.8M | $22.4M | 10x | as long as short |
| Nado MU-PERP | +0.0079% | 1h | 1,051.8 | −0.075% | $276K | $858K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0093% | 8h | 1,052.2 | −0.041% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052 | −0.061% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.5 | −0.107% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.1 | −0.044% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.9 | +0.024% | $837 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0102% | 8h | 1,052.3 | −0.033% | $31.0M | $102.0M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,052.5 | −0.014% | $32K | $1K | 10x | as long as short |
| SoDEX MU-USD | +0.0160% | 1h | 1,052.6 | −0.001% | $691K | $16K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.403% | $759K | $1.2M | 10x | as long as short |
| Variational Omni MU | +0.0211% | 8h | 1,049.7 | −0.277% | $2.7M | $2.4M | — | as long as short |
| Bybit MUUSDT | +0.0224% | 8h | 1,052.4 | −0.024% | $19.5M | $32.7M | 100x | as long as short |
| Aster MUUSD1 | +0.0230% | 8h | 1,051.6 | −0.098% | $21.6M | $48.4M | 20x | as long as short |
| Bullet MU-USD | +0.0231% | 1h | 1,052.8 | +0.019% | $25K | $396K | 10x | as long as short |
| Binance MUUSDT | +0.0233% | 8h | 1,052.1 | −0.046% | $126.2M | $524.1M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.7 | −0.181% | $71K | $243K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0263% | 1h | 1,052.6 | −0.005% | $64K | $304K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0265% | 1h | 1,052.1 | −0.048% | $178.6M | $101.3M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,052.6 | +0.002% | $316K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0350% | 8h | 1,052.6 | +0.004% | $1.5M | $2.0M | 20x | as long as short |
| Bitget MUUSDT | +0.0353% | 8h | 1,052.6 | −0.003% | $20.7M | $41.6M | 50x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.2 | −0.228% | $537K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0408% | 1h | 1,051.4 | −0.114% | $570K | $1.2M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0484% | 8h | 1,049.6 | −0.288% | $83K | $1.3M | 10x | as long as short |
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
Aevo MU-PERP
SoDEX MU-USD
Coinbase International MU-PERP-INTX
Variational Omni MU
Bybit MUUSDT
Aster MUUSD1
Bullet MU-USD
Binance MUUSDT
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
tradeXYZ xyz:MU
RISEx MU/USDC
BloFin MU-USDT
Bitget MUUSDT
Phoenix MU
Extended MU_24_5-USD
GRVT MU_USDT_Perp