Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: Aster against Lighter−0.007%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.007%, 7d avg +0.028%
=Together, before fees−0.186%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.035% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,038.6 | 0.0032 | pay 0.0004% / 1h | 26m 16s | $1.1M | $4.9M | 20x |
| Short | Aster MUUSD1 | 1,038.5 | 0 | get 0.0000% / 8h | 1h 26m | $21.2M | $59.4M | 20x |
Lighter MU
Aster MUUSD1Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- −$6.72
- Price spread: −0.007% → +0.028%
- −$3.48
- Slippage, 4 orders
- −$6.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$24.44
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Aster: 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 Lighter live order book, 12 min ago | 0.68 bp | 0.7 bp −$1 | 1.6 bp −$16 | 17.4 bp −$1,743 | doesn't fit |
| Sell Aster live order book, 3 min ago | 0.43 bp | 4.4 bp −$4 | 10.8 bp −$108 | 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 | −0.0477% | 4h | 1,038 | −0.055% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0210% | 8h | 1,038.3 | −0.027% | $20.2M | $40.3M | 50x | as long as short |
| Nado MU-PERP | −0.0002% | 1h | 1,037.4 | −0.107% | $278K | $815K | 10x | as long as short |
| Aster MUUSD1short | 0.0000% | 8h | 1,038.5 | −0.007% | $21.2M | $59.4M | 20x | |
| Binance MUUSDT | 0.0000% | 8h | 1,038.3 | −0.023% | $121.7M | $537.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.3 | −0.025% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038 | −0.051% | $29.9M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038 | −0.053% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038 | −0.051% | $61.7M | $28.6M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.4 | −0.114% | $2.5M | $2.6M | — | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Nado MU-PERP
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.6 | −0.091% | $73K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,037.9 | −0.065% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,038.2 | −0.029% | $25K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.2 | +0.062% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.2 | −0.034% | $74K | $565K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.1 | −0.044% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0013% | 1h | 1,037.2 | −0.132% | $3K | $44K | 10x | as long as short |
| Lighter MUlong | +0.0032% | 1h | 1,038.6 | long leg | $1.1M | $4.9M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,038.4 | −0.015% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.6 | −0.089% | $537K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.5 | −0.099% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.233% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.3 | −0.124% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.1 | −0.045% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038 | −0.053% | $176.3M | $88.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.8 | −0.072% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.1 | −0.048% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.8 | −0.169% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,037.7 | −0.084% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.7 | −0.078% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.4 | −0.112% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.5 | −0.106% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.4 | −0.017% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.8 | −0.073% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.244% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.7 | −0.087% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.8 | −0.072% | $531K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU