Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against ApeX Omni+0.098%78s7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.098%, 7d avg −0.018%
=Together, before fees−0.046%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.116% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.018%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 78 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 | ApeX Omni MUUSDT | 1,051 | 0.0100 | pay 0.0013% / 1h | 11m 52s | $71K | $268K | 50x |
| Short | Lighter MU | 1,052.1 | 0.0056 | get 0.0007% / 1h | 11m 52s | $1.1M | $5.1M | 20x |
ApeX Omni MUUSDT
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$9.24
- Price spread: +0.098% → −0.018%
- $11.61
- Slippage, 4 orders
- −$29.36
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.98
- Costs to cover
- 0.394%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 45 min ago; Lighter: live order book, 6 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 ApeX Omni live order book, 45 min ago | 7.55 bp | 18.5 bp −$18 | 167.7 bp −$1,677 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.47 bp | 0.5 bp $0 | 0.5 bp −$5 | 22.8 bp −$2,278 | 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 | +0.040% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.5 | +0.140% | $21.4M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.1 | +0.098% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052 | +0.097% | $341K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052 | +0.094% | $62.3M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,051.7 | +0.063% | $81K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.5 | +0.045% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.1 | +0.106% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.6 | +0.057% | $72K | $443K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,051.5 | +0.047% | $131K | $434K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0003% | 8h | 1,051.8 | +0.071% | $2.7M | $2.4M | — | as long as short |
| Bybit MUUSDT | +0.0021% | 8h | 1,052.1 | +0.103% | $19.1M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,051.9 | +0.081% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052 | +0.095% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.6 | +0.051% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.032% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,051.7 | +0.063% | $7.1M | $17.8M | 10x | as long as short |
| Binance MUUSDT | +0.0039% | 8h | 1,052.2 | +0.110% | $126.6M | $516.5M | 50x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.6 | +0.053% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053 | +0.192% | — | $176K | 25x | as long as short |
| Nado MU-PERP | +0.0047% | 1h | 1,051.5 | +0.046% | $282K | $836K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051.7 | +0.065% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,051.9 | +0.082% | $690K | $16K | 10x | as long as short |
| Bullet MU-USD | +0.0050% | 1h | 1,052 | +0.094% | $26K | $395K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051 | +0.002% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,051.9 | +0.086% | $2K | — | 5x | as long as short |
| Lighter MUshort | +0.0056% | 1h | 1,052.1 | +0.098% | $1.1M | $5.1M | 20x | |
| Bitget MUUSDT | +0.0069% | 8h | 1,052.1 | +0.106% | $20.5M | $41.1M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0071% | 1h | 1,051.9 | +0.084% | $178.8M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | +0.178% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0088% | 1h | 1,051.5 | +0.046% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,051.8 | +0.075% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.9 | +0.083% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,051 | long leg | $71K | $268K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,051.9 | +0.084% | $836 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0161% | 8h | 1,051.9 | +0.082% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,052.5 | +0.141% | $538K | $271K | 15x | as long as short |
Variational Omni MU
Bybit MUUSDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Binance MUUSDT
Arcus MU-USD
Vest MU-USD-PERP
Nado MU-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Bullet MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Bitget MUUSDT
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU