MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against StandX+0.044%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on StandX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.044%, 7d avg −0.031%

Together, before fees+0.225%+ Points / potential airdropStandX: Active · Lighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.075% dearer against StandX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,052	0	get 0.0000% / 1h	5m 09s	$190K	$3.5M	20x
Short	Lighter MU	1,052.5	0.0056	get 0.0007% / 1h	5m 09s	$1.1M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against StandX. 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 StandXbpFee LighterbpOrdersPrice spread, now +0.044%Rate

Funding earned: $11.76
Price spread: +0.044% → −0.031%: $7.46
Slippage, 4 orders: −$8.2
Fee StandX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.02
Costs to cover: 0.162%
Break-even: 5.2 days

Slippage from StandX: 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 StandX live order book, 4 min ago	2.71 bp	7.8 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.43 bp	0.4 bp $0	1.6 bp −$16	16.9 bp −$1,687	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	−0.0138%	4h	1,052.3	+0.027%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.6	+0.055%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.031%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.030%	$78K	$1.3M	10x	as long as short
StandX MU-USDlong	0.0000%	1h	1,052	long leg	$190K	$3.5M	20x
SunX MU-USDT	0.0000%	8h	1,054.2	+0.211%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	+0.025%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0010%	8h	1,052.8	+0.079%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0016%	8h	1,052.5	+0.045%	$31.1M	$99.9M	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,051.9	−0.008%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,052.2	+0.015%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.4	+0.036%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.061%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0036%	8h	1,052.4	+0.035%	$21.4M	$55.0M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.014%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.139%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	−0.006%	$282K	$844K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	+0.019%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.032%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.046%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.5	+0.052%	$2K	—	5x	as long as short
Lighter MUshort	+0.0056%	1h	1,052.5	+0.044%	$1.1M	$5.1M	20x
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,052.2	+0.023%	$69K	$391K	10x	as long as short
tradeXYZ xyz:MU	+0.0064%	1h	1,052.3	+0.029%	$178.6M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,052.5	+0.044%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0071%	8h	1,052.2	+0.018%	$2.7M	$2.4M	—	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,051.8	−0.018%	$564K	$1.1M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.006%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	+0.043%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.015%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	−0.016%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.031%	$837	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,052.1	+0.008%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0104%	8h	1,052.5	+0.051%	$126.7M	$517.8M	50x	as long as short
Bitget MUUSDT	+0.0135%	8h	1,052.4	+0.039%	$20.6M	$41.0M	50x	as long as short
BloFin MU-USDT	+0.0224%	8h	1,052.2	+0.018%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.5	+0.048%	$538K	$271K	15x	as long as short