Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate−0.019%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.019%, 7d avg −0.025%

Together, before fees+0.080%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$1 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	1,051.2	0	get 0.0000% / 8h	7h 22m	$62.8M	$28.9M	75x
Short	Lighter RH MU	1,051	0.0032	get 0.0004% / 1h	22m 35s	$1.2M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.019%Rate

Funding earned: $6.72
Price spread: −0.019% → −0.025%: $0.57
Slippage, 4 orders: −$14.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$22.01
Costs to cover: 0.293%
Break-even: 29.9 days

Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago	1.57 bp	11.4 bp −$11	17.2 bp −$172	42.6 bp −$4,261	76.4 bp −$38.2K
Sell Lighter RH live order book, 6 min ago	2.47 bp	2.5 bp −$3	5.5 bp −$55	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	−0.0040%	4h	1,051.4	+0.016%	$1.3M	$672K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,051.2	long leg	$62.8M	$28.9M	75x
StandX MU-USD	0.0000%	1h	1,050.3	−0.086%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.085%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	−0.078%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.5	−0.071%	$3K	$45K	10x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,051	−0.019%	$1.2M	$4.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.012%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,051.4	+0.012%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	+0.003%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	−0.088%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.3	−0.086%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.2	0.000%	$7.7M	$21.9M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.9	−0.131%	$274K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0092%	8h	1,051.4	+0.013%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.9	−0.034%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	−0.054%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.069%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	−0.028%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0105%	8h	1,051.3	+0.010%	$30.9M	$101.8M	50x	as long as short
SoDEX MU-USD	+0.0106%	1h	1,050.7	−0.052%	$690K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050.6	−0.060%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.273%	$759K	$1.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0188%	1h	1,050.8	−0.038%	$64K	$305K	10x	as long as short
Bybit MUUSDT	+0.0208%	8h	1,051.6	+0.037%	$19.5M	$32.7M	100x	as long as short
Bullet MU-USD	+0.0217%	1h	1,051	−0.022%	$26K	$395K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.040%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0238%	8h	1,050.7	−0.051%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0238%	8h	1,051.3	+0.004%	$126.1M	$522.0M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.8	−0.043%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0244%	1h	1,051.1	−0.012%	$178.4M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.3	+0.004%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0356%	8h	1,051.1	−0.012%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0381%	8h	1,051.3	+0.010%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	−0.031%	$538K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,050.7	−0.052%	$566K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0550%	8h	1,051.5	+0.026%	$83K	$1.3M	10x	as long as short