Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0072%/8hpaid last 24h +0.036%

Price spread now: Lighter against Gate+0.017%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.017%, 7d avg −0.001%

Together, before fees+0.267%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,046.3	0	get 0.0000% / 8h	4h 23m	$63.7M	$28.0M	75x
Short	Lighter MU	1,046.5	0.0072	get 0.0009% / 1h	23m 42s	$973K	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $15.12
Price spread: +0.017% → −0.001%: $1.87
Slippage, 4 orders: −$6.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage from Gate: live order book, 9 min ago; Lighter: live order book, 8 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 Gate live order book, 9 min ago	1.24 bp	9.9 bp −$10	14.0 bp −$140	35.9 bp −$3,586	72.8 bp −$36.4K
Sell Lighter live order book, 8 min ago	0.43 bp	0.4 bp $0	0.7 bp −$7	13.5 bp −$1,354	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	−0.0580%	4h	1,045.8	−0.046%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.5	+0.018%	$21.5M	$26.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046.6	+0.023%	$125.5M	$519.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.8	+0.043%	$19.0M	$31.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.5	+0.016%	$30.9M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.3	+0.088%	$288K	$331K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,046.3	long leg	$63.7M	$28.0M	75x
Variational Omni MU	0.0000%	8h	1,046.4	+0.003%	$2.7M	$2.7M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.6	+0.024%	$79K	$1.2M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,045.8	−0.049%	$189K	$3.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,048.6	+0.217%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.1	+0.071%	$125K	$444K	50x	as long as short
Bitget MUUSDT	+0.0023%	8h	1,046.6	+0.021%	$20.1M	$41.0M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	−0.015%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.419%	$14K	$302	12x	as long as short
Arcus MU-USD	+0.0041%	1h	1,046.8	+0.040%	$63K	$235K	10x	as long as short
QFEX MU-USD	+0.0045%	1h	1,047.1	+0.071%	$7.9M	$23.5M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.2	+0.083%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.9	+0.054%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.8	+0.041%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.7	−0.065%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,046.5	+0.012%	$2K	—	5x	as long as short
Lighter MUshort	+0.0072%	1h	1,046.5	+0.017%	$973K	$4.7M	20x
Extended MU_24_5-USD	+0.0072%	1h	1,045.7	−0.057%	$526K	$1.0M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.7	+0.040%	$33K	—	10x	as long as short
Bullet MU-USD	+0.0081%	1h	1,047.3	+0.093%	$25K	$397K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.5	+0.016%	$153K	$179K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.3	−0.006%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	−0.044%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.8	+0.044%	$832	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0112%	1h	1,046.2	−0.012%	$178.8M	$98.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,047.3	+0.093%	$770K	$1.7M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.8	+0.041%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0129%	1h	1,046.3	+0.002%	$335K	$797K	10x	as long as short
Aftermath Perps MUUSD	+0.0163%	1h	1,046.8	+0.048%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0295%	1h	1,046.8	+0.043%	$55K	$149K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,045.6	−0.070%	$529K	$219K	15x	as long as short