MU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.014%

Price spread now: Lighter against SoDEX−0.013%7-day average +0.001% · 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−$26as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.013%, 7d avg +0.001%

Together, before fees+0.009%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, 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	SoDEX MU-USD	1,041.4	0.0050	pay 0.0006% / 1h	5m 34s	$683K	$15K	10x
Short	Lighter MU	1,041.2	0.0104	get 0.0013% / 1h	5m 34s	$1.1M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now −0.013%Rate

Funding earned: $11.34
Price spread: −0.013% → +0.001%: −$1.41
Slippage, 4 orders: −$16.91
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.98
Costs to cover: 0.249%
Break-even: 16.2 days

Slippage from SoDEX: live order book, 43 min ago; Lighter: live order book, 7 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 SoDEX live order book, 43 min ago	0.05 bp	11.8 bp −$12	43.5 bp −$435	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.38 bp	0.5 bp −$1	1.6 bp −$16	17.3 bp −$1,729	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	−0.0827%	4h	1,040.2	−0.112%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0100%	8h	1,041.4	+0.003%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.4	+0.001%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.1	−0.022%	$122.2M	$536.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.4	+0.008%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.9	−0.042%	$30.0M	$101.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.3	−0.003%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.2	−0.012%	$61.7M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,041.3	−0.001%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.7	−0.058%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,041.6	+0.028%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.9	+0.150%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,041.4	+0.004%	$74K	$534K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,041.2	−0.012%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,039.9	−0.139%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0021%	1h	1,041.3	−0.005%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.9	−0.041%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041	−0.033%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.7	−0.064%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.961%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,041.5	+0.014%	$26K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.5	−0.082%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.9	+0.049%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.2	−0.014%	$177.1M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.3	−0.005%	$169K	$203K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,041.4	long leg	$683K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.7	−0.059%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,041.1	−0.026%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041	−0.029%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.3	−0.002%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.2	−0.016%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.8	−0.058%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.4	+0.009%	$828	$799	20x	as long as short
Lighter MUshort	+0.0104%	1h	1,041.2	−0.013%	$1.1M	$5.0M	20x
BloFin MU-USDT	+0.0120%	8h	1,041.3	−0.002%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.517%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041	−0.034%	$532K	$270K	15x	as long as short