Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter RH against Vest−0.074%46s7-day average −0.699% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.074%, 7d avg −0.699%
=Together, before fees+0.012%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.626% dearer against Vest than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.699%): +$63 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 3 days (−0.028% in total) that is about 2 months. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MU-USD-PERP | 1,046.1 | 0.0046 | pay 0.0006% / 1h | 14m 48s | — | $194K | 25x |
| Short | Lighter RH MU | 1,045.3 | 0.0032 | get 0.0004% / 1h | 14m 48s | $1.2M | $4.3M | 10x |
Vest MU-USD-PERP
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: −0.074% → −0.699%
- $62.56
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $57.69
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 4 min ago | 1.48 bp | 1.6 bp −$2 | 3.9 bp −$39 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0252% | 4h | 1,045.9 | −0.022% | $1.3M | $674K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.6 | −0.050% | $63.0M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.5 | −0.058% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.4 | +0.128% | $11K | $6.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,045.5 | −0.056% | $62K | $283K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.5 | −0.058% | $129K | $456K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0028% | 1h | 1,045.5 | −0.058% | $3K | $45K | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,045.3 | −0.074% | $1.2M | $4.3M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.442% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERPlong | +0.0046% | 1h | 1,046.1 | long leg | — | $194K | 25x |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.5 | −0.056% | $169K | $193K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.6 | −0.052% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.5 | −0.151% | $2.0M | $2.7M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0070% | 8h | 1,045.4 | −0.065% | $30.8M | $104.5M | 50x | as long as short |
| Lighter MU | +0.0072% | 1h | 1,045.1 | −0.092% | $1.0M | $5.0M | 20x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.7 | −0.038% | $7.9M | $23.9M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.4 | −0.067% | $153K | $183K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.3 | −0.073% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046 | −0.011% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.8 | −0.032% | $831 | $799 | 20x | as long as short |
| Bullet MU-USD | +0.0104% | 1h | 1,045.7 | −0.037% | $25K | $395K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0105% | 8h | 1,045.4 | −0.066% | $2K | — | 5x | as long as short |
| Bitget MUUSDT | +0.0115% | 8h | 1,045.4 | −0.064% | $20.5M | $43.5M | 50x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.5 | −0.056% | $33K | — | 10x | as long as short |
| Nado MU-PERP | +0.0154% | 1h | 1,045.4 | −0.070% | $271K | $875K | 10x | as long as short |
| Aster MUUSD1 | +0.0165% | 8h | 1,046.3 | +0.017% | $21.5M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0178% | 8h | 1,045.8 | −0.031% | $2.7M | $2.5M | — | as long as short |
| tradeXYZ xyz:MU | +0.0181% | 1h | 1,045.4 | −0.066% | $176.7M | $104.6M | 10x | as long as short |
| Binance MUUSDT | +0.0188% | 8h | 1,045.4 | −0.066% | $124.3M | $532.0M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,045.9 | −0.020% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,044.9 | −0.112% | $757K | $1.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0260% | 8h | 1,045.5 | −0.055% | $19.2M | $32.4M | 100x | as long as short |
| BloFin MU-USDT | +0.0308% | 8h | 1,045.7 | −0.036% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,045.2 | −0.088% | $545K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046 | −0.009% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.4 | −0.065% | $70K | $244K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.1 | −0.003% | $316K | $339K | 20x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
Lighter MU
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bullet MU-USD
Paradex MU-USD-PERP
Bitget MUUSDT
Aevo MU-PERP
Nado MU-PERP
Aster MUUSD1
Variational Omni MU
tradeXYZ xyz:MU
Binance MUUSDT
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
BloFin MU-USDT
Extended MU_24_5-USD
Phoenix MU
Arcus MU-USD
RISEx MU/USDC