Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.038%
Price spread now: Lighter against SunX−0.196%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$600.599% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.252%+$25 on $10k
Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.196%, 7d avg −0.162%
Together, before fees+0.427%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.034% cheaper against SunX than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.162%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MU-USDT1,044.40get 0.0000% / 8h2h 08m$12K$6.7M10x
ShortLighter MU1,042.40.0192get 0.0024% / 1h8m 05s$998K$4.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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

Funding earned
$40.32
Price spread: −0.196% → −0.162%
−$3.39
Slippage, 4 orders
−$51.86
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$22.93
Costs to cover
0.599%
Break-even
11.0 days
Slippage from SunX: live order book, 11 min ago; Lighter: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago21.59 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 10 min ago0.72 bp0.7 bp −$12.8 bp −$2831.1 bp −$3,111doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0291%4h1,043−0.136%$1.3M$672K10xas long as short
Aster MUUSD10.0000%8h1,042.9−0.142%$21.5M$46.4M20xas long as short
OKX MU-USDT-SWAP0.0000%8h1,042.5−0.184%$30.7M$104.2M50xas long as short
Gate MU_USDT0.0000%8h1,042.4−0.190%$62.9M$29.1M75xas long as short
StandX MU-USD0.0000%1h1,042.5−0.182%$188K$3.3M20xas long as short
SunX MU-USDTlong0.0000%8h1,044.4long leg$12K$6.7M10x
HTX MU-USDT0.0000%8h1,042.3−0.208%$125K$441K50xas long as short
Aftermath Perps MUUSD+0.0028%1h1,042.6−0.171%$3K$44K10xas long as short
Lighter RH MU+0.0032%1h1,042.3−0.199%$1.1M$4.3M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.602%$14K$30212xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest MU-USD-PERP+0.0046%1h1,042.2−0.215%$193K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,042.2−0.213%$165K$180K10xas long as short
SoDEX MU-USD+0.0050%1h1,042.4−0.190%$684K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,041.6−0.269%$2.0M$2.6M10xas long as short
QFEX MU-USD+0.0057%1h1,042.6−0.177%$7.8M$24.1M10xas long as short
Bitget MUUSDT+0.0072%8h1,042.5−0.183%$20.4M$42.9M50xas long as short
Variational Omni MU+0.0082%8h1,043−0.136%$2.7M$2.7Mas long as short
Pacifica MU+0.0100%1h1,041.9−0.244%$153K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,042.3−0.205%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,041.9−0.241%$71K$267K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,042.6−0.177%$829$79920xas long as short
Aevo MU-PERP+0.0104%1h1,042.3−0.203%$33K10xas long as short
Binance MUUSDT+0.0107%8h1,042.6−0.170%$124.7M$540.4M50xas long as short
Paradex MU-USD-PERP+0.0117%8h1,042.5−0.184%$2K5xas long as short
Coinbase International MU-PERP-INTX+0.0152%1h1,043.8−0.057%$756K$1.4M10xas long as short
GRVT MU_USDT_Perp+0.0176%8h1,043.2−0.120%$82K$1.4M10xas long as short
Bybit MUUSDT+0.0189%8h1,042.7−0.163%$19.1M$32.5M100xas long as short
Lighter MUshort+0.0192%1h1,042.4−0.196%$998K$4.8M20x
Nado MU-PERP+0.0193%1h1,041.7−0.260%$306K$845K10xas long as short
RISEx MU/USDC+0.0202%1h1,042.8−0.152%$285K$333K20xas long as short
tradeXYZ xyz:MU+0.0212%1h1,042.4−0.193%$176.3M$107.2M10xas long as short
Arcus MU-USD+0.0226%1h1,042.5−0.187%$63K$230K10xas long as short
BloFin MU-USDT+0.0227%8h1,043−0.134%$1.5M$2.1M20xas long as short
Phoenix MU+0.0230%1h1,043.3−0.107%$534K$303K15xas long as short
Bullet MU-USD+0.0231%1h1,042.6−0.174%$25K$400K10xas long as short
Deribit MU_USDC-PERPETUAL+0.0297%1h1,042.5−0.186%$60K$231K10xas long as short
Extended MU_24_5-USD+0.0688%1h1,041.6−0.270%$540K$1.1M10xas long as short