Funding you earn now, next payment 01:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against QFEX+0.030%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.030%, 7d avg −0.007%
=Together, before fees−0.041%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.037% dearer against QFEX than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.007%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 3 days (−0.002% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,049.6 | 0.0054 | pay 0.0007% / 1h | 51m 04s | $7.8M | $23.3M | 10x |
| Short | Lighter RH MU | 1,050 | 0.0032 | get 0.0004% / 1h | 51m 04s | $1.2M | $4.1M | 10x |
QFEX MU-USD
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$4.67
- Price spread: +0.030% → −0.007%
- $3.68
- Slippage, 4 orders
- −$5.92
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$16.91
- Costs to cover
- 0.159%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 13 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 QFEX live order book, 13 min ago | 0.72 bp | 5.8 bp −$6 | 5.8 bp −$58 | 10.5 bp −$1,054 | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 0.05 bp | 0.7 bp −$1 | 5.3 bp −$53 | 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 | −0.0156% | 4h | 1,048.4 | −0.121% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.8 | +0.011% | $63.2M | $28.4M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.9 | −0.169% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.6 | +0.185% | $11K | $6.3M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.9 | +0.025% | $62K | $293K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.6 | −0.003% | $130K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,047.2 | −0.236% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,049.8 | +0.017% | $1.1M | $4.7M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,050 | +0.030% | $1.2M | $4.1M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.102% | $14K | $251 | 12x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.1 | +0.048% | — | $195K | 25x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049 | −0.065% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USDlong | +0.0054% | 1h | 1,049.6 | long leg | $7.8M | $23.3M | 10x | |
| Nado MU-PERP | +0.0066% | 1h | 1,049.2 | −0.040% | $271K | $859K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0090% | 8h | 1,049.9 | +0.026% | $30.9M | $101.6M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.3 | −0.034% | $154K | $180K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.3 | −0.034% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.7 | +0.005% | $835 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0105% | 8h | 1,049.7 | +0.001% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,049.5 | −0.014% | $32K | $1K | 10x | as long as short |
| Variational Omni MU | +0.0177% | 8h | 1,049.9 | +0.027% | $2.7M | $2.4M | — | as long as short |
| Bitget MUUSDT | +0.0178% | 8h | 1,049.9 | +0.025% | $20.6M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | +0.0182% | 8h | 1,049.3 | −0.033% | $21.6M | $47.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.123% | $759K | $1.3M | 10x | as long as short |
| Binance MUUSDT | +0.0191% | 8h | 1,050 | +0.030% | $125.8M | $524.4M | 50x | as long as short |
| Bybit MUUSDT | +0.0232% | 8h | 1,050.1 | +0.048% | $19.3M | $32.5M | 100x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,048 | −0.158% | $71K | $243K | 10x | as long as short |
| SoDEX MU-USD | +0.0282% | 1h | 1,049.6 | −0.002% | $689K | $16K | 10x | as long as short |
| BloFin MU-USDT | +0.0311% | 8h | 1,049.6 | −0.008% | $1.5M | $2.1M | 20x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,049.6 | −0.004% | $316K | $339K | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,048.9 | −0.071% | $536K | $306K | 15x | as long as short |
| Polymarket Perps MU-USD | +0.0431% | 1h | 1,049.6 | −0.004% | $170K | $202K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0533% | 8h | 1,048.8 | −0.084% | $83K | $1.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0576% | 1h | 1,049.5 | −0.013% | $548K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0670% | 1h | 1,050 | +0.037% | $26K | $394K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0699% | 1h | 1,049.6 | −0.004% | $178.5M | $101.0M | 10x | as long as short |
| ApeX Omni MUUSDT | +0.0705% | 1h | 1,047.7 | −0.181% | $71K | $267K | 50x | as long as short |
Vest MU-USD-PERP
Ondo Perps MU-USD.P
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Variational Omni MU
Bitget MUUSDT
Aster MUUSD1
Coinbase International MU-PERP-INTX
Binance MUUSDT
Bybit MUUSDT
Arcus MU-USD
SoDEX MU-USD
BloFin MU-USDT
RISEx MU/USDC
Phoenix MU
Polymarket Perps MU-USD
GRVT MU_USDT_Perp
Extended MU_24_5-USD
Bullet MU-USD
tradeXYZ xyz:MU
ApeX Omni MUUSDT