Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.016%
Price spread now: Lighter RH against Bybit−0.038%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.038%, 7d avg −0.053%
=Together, before fees−0.053%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUUSDT | 1,050.5 | 0.0024 | pay 0.0024% / 8h | 5h 49m | $19.2M | $32.4M | 100x |
| Short | Lighter RH MU | 1,050.1 | 0.0032 | get 0.0004% / 1h | 49m 55s | $1.2M | $4.2M | 10x |
Bybit MUUSDT
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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
- $1.78
- Price spread: −0.038% → −0.053%
- $1.48
- Slippage, 4 orders
- −$9.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$16.77
- Costs to cover
- 0.200%
- Break-even
- 73.1 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.62 bp | 7.1 bp −$7 | 11.9 bp −$119 | 33.2 bp −$3,319 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.62 bp | 1.6 bp −$2 | 3.0 bp −$30 | doesn't fit | doesn't fit |
MU on 36 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 | −0.0504% | 4h | 1,050.4 | −0.007% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,050.8 | +0.030% | $333K | $349K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.2 | −0.025% | $62.1M | $27.4M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050 | −0.050% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052 | +0.145% | $11K | $5.9M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.1 | −0.039% | $129K | $427K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,050.3 | −0.017% | $3K | $44K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0021% | 8h | 1,050.7 | +0.020% | $79K | $1.3M | 10x | as long as short |
| Bybit MUUSDTlong | +0.0024% | 8h | 1,050.5 | long leg | $19.2M | $32.4M | 100x | |
| QFEX MU-USD | +0.0030% | 1h | 1,050.4 | −0.005% | $7.2M | $18.5M | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
GRVT MU_USDT_Perp
QFEX MU-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MUshort | +0.0032% | 1h | 1,050.1 | −0.038% | $1.2M | $4.2M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.083% | $19K | $5K | 12x | as long as short |
| Extended MU_24_5-USD | +0.0040% | 1h | 1,049.5 | −0.091% | $564K | $1.1M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,050.3 | −0.019% | $71K | $235K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0042% | 8h | 1,050.5 | +0.003% | $31.0M | $100.2M | 50x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.2 | +0.064% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.1 | −0.037% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050.2 | −0.031% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.7 | −0.074% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0060% | 8h | 1,050.7 | +0.019% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0093% | 1h | 1,050.3 | −0.020% | $66K | $355K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.9 | −0.052% | $756K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.4 | −0.012% | $149K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.2 | −0.024% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.8 | +0.030% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.3 | −0.014% | $835 | $799 | 20x | as long as short |
| Lighter MU | +0.0104% | 1h | 1,050.1 | −0.034% | $1.1M | $4.8M | 20x | as long as short |
| Aster MUUSD1 | +0.0111% | 8h | 1,050.3 | −0.017% | $21.4M | $52.1M | 20x | as long as short |
| Nado MU-PERP | +0.0112% | 1h | 1,050.1 | −0.041% | $280K | $850K | 10x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,050 | −0.046% | $32K | $1K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0132% | 1h | 1,050.1 | −0.037% | $178.3M | $99.2M | 10x | as long as short |
| Variational Omni MU | +0.0144% | 8h | 1,050.4 | −0.005% | $2.7M | $2.3M | — | as long as short |
| Bullet MU-USD | +0.0159% | 1h | 1,050.3 | −0.014% | $26K | $397K | 10x | as long as short |
| Binance MUUSDT | +0.0166% | 8h | 1,050.4 | −0.013% | $126.5M | $520.0M | 50x | as long as short |
| Bitget MUUSDT | +0.0170% | 8h | 1,050.2 | −0.028% | $20.6M | $41.2M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,050.7 | +0.020% | $537K | $271K | 15x | as long as short |
Injective MU/USDC PERP
Extended MU_24_5-USD
Arcus MU-USD
OKX MU-USDT-SWAP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
Aster MUUSD1
Nado MU-PERP
Aevo MU-PERP
tradeXYZ xyz:MU
Variational Omni MU
Bullet MU-USD
Binance MUUSDT
Bitget MUUSDT
Phoenix MU