Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.049%
Price spread now: Lighter RH against Coinbase International−0.190%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.190%, 7d avg +0.011%
=Together, before fees−0.102%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.200% cheaper against Coinbase International than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,044.6 | 0.0120 | pay 0.0015% / 1h | 5m 23s | $749K | $1.2M | 10x |
| Short | Lighter RH MU | 1,042.6 | 0.0032 | get 0.0004% / 1h | 5m 23s | $1.3M | $4.4M | 10x |
Coinbase International MU-PERP-INTX
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. 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
- −$18.48
- Price spread: −0.190% → +0.011%
- −$20.01
- Slippage, 4 orders
- −$8.63
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$57.11
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Coinbase International: 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 Coinbase International live order book, 3 min ago | 3.74 bp | 8.7 bp −$9 | 13.0 bp −$130 | 75.0 bp −$7,503 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.05 bp | 0.4 bp $0 | 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 | −0.0615% | 4h | 1,042.3 | −0.216% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,043.1 | −0.146% | $21.2M | $56.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,042.7 | −0.178% | $123.2M | $525.4M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,042.8 | −0.170% | $18.6M | $31.9M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,042.9 | −0.166% | $30.7M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,042.8 | −0.174% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,042.8 | −0.170% | $61.9M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,042.9 | −0.165% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,043.3 | −0.124% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,042.5 | −0.204% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,043.2 | −0.135% | $189K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.4 | +0.076% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,042.9 | −0.162% | $129K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,042.6 | −0.195% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0031% | 1h | 1,042.3 | −0.220% | $281K | $823K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,042.7 | −0.185% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,042.8 | −0.171% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,042.6 | −0.190% | $1.3M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,042.2 | −0.233% | $555K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.647% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0037% | 1h | 1,042.9 | −0.163% | $26K | $392K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,042.7 | −0.185% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043 | −0.158% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,042.5 | −0.201% | $177.3M | $94.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,042.6 | −0.191% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043 | −0.153% | $684K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,043.2 | −0.138% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042 | −0.246% | $1.9M | $2.3M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,043 | −0.157% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.8 | −0.173% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.6 | −0.196% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.3 | −0.222% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.4 | −0.115% | $830 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0120% | 1h | 1,044.6 | long leg | $749K | $1.2M | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,042.5 | −0.206% | $1.5M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0201% | 1h | 1,043.5 | −0.105% | $73K | $490K | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,043.1 | −0.144% | $534K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
Lighter MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU