Funding you earn now, next payment 11:00 UTC+0.0118%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against QFEX−0.006%7-day average +0.015% · 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−$14as in the Price arb table
costs, in and out, $10k−$120.122% of the position
Funding, last 4 days (all we have)+0.025%+$3 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.006%, 7d avg +0.015%
=Together, before fees+0.068%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.020% cheaper against QFEX than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.015%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.025% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,040.5 | 0.0058 | pay 0.0007% / 1h | 7m 52s | $7.0M | $19.4M | 10x |
| Short | Lighter MU | 1,040.5 | 0.0176 | get 0.0022% / 1h | 7m 52s | $1.0M | $5.0M | 20x |
QFEX MU-USD
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $24.86
- Price spread: −0.006% → +0.015%
- −$2.04
- Slippage, 4 orders
- −$2.17
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.65
- Costs to cover
- 0.122%
- Break-even
- 4.0 days
Slippage from QFEX: live order book, 4 min ago; Lighter: live order book, 3 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 QFEX live order book, 4 min ago | 0.67 bp | 5.7 bp −$6 | 5.7 bp −$57 | 10.5 bp −$1,053 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.29 bp | 0.3 bp $0 | 1.0 bp −$10 | 15.1 bp −$1,507 | doesn't fit |
MU on 37 exchanges
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 | −0.0211% | 4h | 1,039.9 | −0.066% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.7 | +0.016% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.5 | −0.007% | $122.2M | $555.4M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.3 | −0.020% | $29.8M | $107.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.4 | −0.014% | $61.5M | $28.2M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.3 | −0.019% | $19.8M | $43.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040 | −0.052% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.6 | −0.088% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.2 | +0.157% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,040 | −0.057% | $33K | $729K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,040.5 | −0.007% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,040.3 | −0.019% | $1.1M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.040% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0037% | 1h | 1,039.8 | −0.073% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.6 | +0.100% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.5 | −0.004% | $170K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,040.5 | −0.001% | $684K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,039.2 | −0.127% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDlong | +0.0058% | 1h | 1,040.5 | long leg | $7.0M | $19.4M | 10x | |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.2 | −0.031% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0082% | 8h | 1,040.6 | +0.005% | $2K | — | 5x | as long as short |
| Bybit MUUSDT | +0.0097% | 8h | 1,040.7 | +0.014% | $18.9M | $32.3M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,040.2 | −0.037% | $152K | $228K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.9 | −0.062% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,040.2 | −0.036% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.5 | −0.001% | $827 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,040.8 | +0.023% | $299K | $334K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.7 | +0.012% | $1.5M | $2.7M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,040.2 | −0.032% | $90K | $160K | 10x | as long as short |
| Nado MU-PERP | +0.0142% | 1h | 1,040.1 | −0.043% | $276K | $836K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0145% | 8h | 1,040.1 | −0.043% | $84K | $1.4M | 10x | as long as short |
| Lighter MUshort | +0.0176% | 1h | 1,040.5 | −0.006% | $1.0M | $5.0M | 20x | |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,037.9 | −0.256% | $727K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0229% | 1h | 1,040.4 | −0.013% | $177.9M | $75.0M | 10x | as long as short |
| Bullet MU-USD | +0.0234% | 1h | 1,040.8 | +0.026% | $26K | $384K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0288% | 1h | 1,039.6 | −0.087% | $546K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | −0.013% | $532K | $159K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Aevo MU-PERP
Paradex MU-USD-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Arcus MU-USD
Nado MU-PERP
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU