Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter RH against SoDEX+0.024%7-day average −0.005% · 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−$24as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 3 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.024%, 7d avg −0.005%
=Together, before fees−0.060%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.029% dearer against SoDEX than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.005%): +$3 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 (−0.047% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MU-USD | 1,037.8 | 0.0050 | pay 0.0006% / 1h | 52m 58s | $681K | $15K | 10x |
| Short | Lighter RH MU | 1,038.1 | 0.0032 | get 0.0004% / 1h | 52m 58s | $1.2M | $4.4M | 10x |
SoDEX MU-USD
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against SoDEX. 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: +0.024% → −0.005%
- $2.95
- Slippage, 4 orders
- −$19.18
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$28.01
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 56 min ago; Lighter RH: live order book, 5 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, 56 min ago | 0.05 bp | 11.8 bp −$12 | 43.5 bp −$435 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.63 bp | 1.7 bp −$2 | 5.7 bp −$57 | 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 | −0.0451% | 4h | 1,038.8 | +0.093% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0078% | 8h | 1,038.4 | +0.058% | $20.3M | $41.3M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.5 | +0.064% | $21.2M | $57.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.4 | +0.057% | $121.7M | $536.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.4 | +0.057% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.1 | +0.030% | $29.9M | $101.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.4 | +0.054% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038 | +0.020% | $61.4M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.8 | +0.089% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.9 | +0.099% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,037.4 | −0.038% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.2 | +0.136% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038 | +0.013% | $128K | $441K | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.2 | +0.040% | $74K | $542K | 10x | as long as short |
| Bullet MU-USD | +0.0003% | 1h | 1,038.3 | +0.045% | $26K | $390K | 10x | as long as short |
| Nado MU-PERP | +0.0015% | 1h | 1,037.5 | −0.031% | $276K | $816K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038.8 | +0.092% | $3K | $44K | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,038.1 | +0.024% | $1.2M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.2 | −0.059% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038 | +0.020% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.304% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,038.5 | +0.062% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.1 | +0.028% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.8 | −0.003% | $176.4M | $89.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.9 | +0.007% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USDlong | +0.0050% | 1h | 1,037.8 | long leg | $681K | $15K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.9 | +0.101% | $1.8M | $2.5M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,038.1 | +0.027% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,038.2 | +0.040% | $1.1M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.9 | +0.002% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.7 | −0.015% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.8 | −0.001% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.2 | +0.131% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.2 | +0.031% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,037.6 | −0.024% | $732K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.1 | +0.029% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039.4 | +0.151% | $532K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Deribit MU_USDC-PERPETUAL
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU