Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.049%

Price spread now: Lighter RH against BloFin−0.005%61s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$170.168% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.357%−$36 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.005%, 7d avg −0.032%

Together, before fees−0.129%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.027% dearer against BloFin than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.032%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 61 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	BloFin MU-USDT	1,029.4	0.0120	pay 0.0120% / 8h	7h 19m	$1.5M	$2.3M	20x
Short	Lighter RH MU	1,029.3	0.0032	get 0.0004% / 1h	19m 58s	$1.1M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee Lighter RHbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$18.48
Price spread: −0.005% → −0.032%: $2.72
Slippage, 4 orders: −$4.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$32.58
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Lighter RH: live order book, 3 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 BloFin live order book, 3 min ago	0.05 bp	6.7 bp −$7	8.6 bp −$86	14.9 bp −$1,488	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.51 bp	1.6 bp −$2	3.3 bp −$33	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	−0.0959%	4h	1,026.4	−0.291%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.8	+0.046%	$21.0M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,030.2	+0.080%	$121.8M	$549.1M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,030.2	+0.081%	$29.1M	$103.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029.4	+0.003%	$293K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.4	+0.001%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,030	+0.056%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.025%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.6	−0.080%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.5	+0.105%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,029.1	−0.026%	$118K	$494K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,030	+0.064%	$18.7M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.4	−0.001%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,026.9	−0.241%	$3K	$43K	10x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,029.3	−0.005%	$1.1M	$4.5M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,029	−0.037%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.136%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.239%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.2	−0.021%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.1	−0.022%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.2	−0.017%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029.4	0.000%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.6	−0.074%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,029.4	−0.001%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,029.5	+0.010%	$992K	$5.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.1	−0.029%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	+0.004%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	−0.036%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.9	−0.046%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.290%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.1	−0.027%	$818	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0100%	1h	1,029.2	−0.017%	$174.0M	$78.9M	10x	as long as short
Nado MU-PERP	+0.0101%	1h	1,028.5	−0.080%	$263K	$815K	10x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,029.4	long leg	$1.5M	$2.3M	20x
Bullet MU-USD	+0.0145%	1h	1,029.6	+0.022%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.094%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0294%	1h	1,029.4	0.000%	$72K	$631K	10x	as long as short