Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.013%
Price spread now: Lighter RH against Binance0.000%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now 0.000%, 7d avg −0.053%
=Together, before fees−0.156%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.053% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,040.2 | 0 | get 0.0000% / 8h | 6h 00m | $121.5M | $555.3M | 50x |
| Short | Lighter RH MU | 1,040.2 | 0.0032 | get 0.0004% / 1h | 0m 07s | $1.2M | $4.6M | 10x |
Binance MUUSDT
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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
- $6.72
- Price spread: 0.000% → −0.053%
- $5.34
- Slippage, 4 orders
- −$4.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$2.31
- Costs to cover
- 0.144%
- Break-even
- 9.4 days
Slippage from Binance: live order book, 7 min ago; Lighter RH: live order book, 1 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 Binance live order book, 7 min ago | 0.05 bp | 5.4 bp −$5 | 7.0 bp −$70 | 19.8 bp −$1,980 | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 0.91 bp | 2.5 bp −$3 | 6.5 bp −$65 | doesn't fit | doesn't fit |
MU on 37 exchanges
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 | −0.0723% | 4h | 1,039.3 | −0.083% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.3 | +0.013% | $21.2M | $73.2M | 20x | as long as short |
| Binance MUUSDTlong | 0.0000% | 8h | 1,040.2 | long leg | $121.5M | $555.3M | 50x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.1 | −0.009% | $29.6M | $107.9M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.4 | +0.013% | $61.2M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.6 | +0.041% | $19.9M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.6 | −0.062% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039 | −0.120% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.3 | +0.205% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.3 | +0.011% | $120K | $474K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MUshort | +0.0032% | 1h | 1,040.2 | 0.000% | $1.2M | $4.6M | 10x | |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,038.2 | −0.191% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.072% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.1 | +0.086% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.2 | −0.001% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.9 | −0.131% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,040.2 | −0.005% | $7.0M | $19.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0078% | 8h | 1,040.5 | +0.023% | $18.8M | $32.6M | 100x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.2 | +0.001% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0081% | 8h | 1,040.2 | −0.001% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.7 | −0.054% | $147K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.8 | −0.037% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.167% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.4 | +0.021% | $827 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,039.8 | −0.041% | $299K | $350K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040 | −0.020% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,039.4 | −0.081% | $277K | $842K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,039.9 | −0.033% | $90K | $149K | 10x | as long as short |
| SoDEX MU-USD | +0.0146% | 1h | 1,040.3 | +0.012% | $683K | $13K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,040.1 | −0.008% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,040.5 | +0.029% | $741K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0194% | 1h | 1,040.1 | −0.011% | $177.3M | $76.0M | 10x | as long as short |
| Bullet MU-USD | +0.0213% | 1h | 1,040.5 | +0.028% | $25K | $386K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0240% | 8h | 1,040 | −0.019% | $81K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0308% | 1h | 1,040 | −0.017% | $38K | $714K | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.4 | −0.078% | $532K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0352% | 1h | 1,039.5 | −0.073% | $553K | $1.1M | 10x | as long as short |
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
SoDEX MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL
Phoenix MU
Extended MU_24_5-USD