Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.040%
Price spread now: Lighter RH against tradeXYZ+0.018%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now +0.018%, 7d avg +0.020%
=Together, before fees−0.169%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MU | 1,052.2 | 0.0070 | pay 0.0009% / 1h | 9m 41s | $178.8M | $97.8M | 10x |
| Short | Lighter RH MU | 1,052.4 | 0.0032 | get 0.0004% / 1h | 9m 41s | $1.3M | $4.4M | 10x |
tradeXYZ xyz:MU
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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
- −$8.03
- Price spread: +0.018% → +0.020%
- −$0.23
- Slippage, 4 orders
- −$5.96
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$32.22
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Lighter RH: live order book, 4 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 tradeXYZ live order book, 9 min ago | 0.47 bp | 10.2 bp −$10 | 12.3 bp −$123 | 18.2 bp −$1,818 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.00 bp | 2.0 bp −$2 | 4.0 bp −$40 | 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 | −0.0084% | 4h | 1,051.4 | −0.072% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.5 | +0.032% | $21.5M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.4 | +0.019% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.5 | +0.025% | $340K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.2 | +0.002% | $62.3M | $27.5M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,051.9 | −0.026% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,051.7 | −0.050% | $81K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.9 | −0.029% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.7 | +0.049% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,052 | −0.015% | $72K | $444K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,052.2 | +0.001% | $131K | $434K | 50x | as long as short |
| Bybit MUUSDT | +0.0018% | 8h | 1,052.6 | +0.041% | $19.1M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,051.9 | −0.030% | $3K | $44K | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,052.4 | +0.018% | $1.3M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.7 | −0.044% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.080% | $19K | $5K | 12x | as long as short |
| Binance MUUSDT | +0.0034% | 8h | 1,052.4 | +0.022% | $126.6M | $516.3M | 50x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.2 | −0.002% | $7.1M | $17.8M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.8 | −0.034% | $71K | $234K | 10x | as long as short |
| Nado MU-PERP | +0.0045% | 1h | 1,052 | −0.018% | $282K | $836K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.5 | +0.121% | — | $176K | 25x | as long as short |
| Bullet MU-USD | +0.0048% | 1h | 1,052.5 | +0.025% | $26K | $395K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052 | −0.019% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.3 | +0.008% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.4 | −0.072% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,052.5 | +0.028% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,052.4 | +0.023% | $1.1M | $5.1M | 20x | as long as short |
| Bitget MUUSDT | +0.0061% | 8h | 1,052.4 | +0.014% | $20.5M | $41.1M | 50x | as long as short |
| tradeXYZ xyz:MUlong | +0.0070% | 1h | 1,052.2 | long leg | $178.8M | $97.8M | 10x | |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | +0.066% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0088% | 1h | 1,051.9 | −0.032% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.4 | +0.021% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.001% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051 | −0.112% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.3 | +0.007% | $837 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0151% | 8h | 1,052.4 | +0.020% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,051.9 | −0.029% | $538K | $271K | 15x | as long as short |
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSD
Extended MU_24_5-USD
Injective MU/USDC PERP
Binance MUUSDT
QFEX MU-USD
Arcus MU-USD
Nado MU-PERP
Vest MU-USD-PERP
Bullet MU-USD
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Bitget MUUSDT
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU