MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.038%

Price spread now: Coinbase International against Lighter−0.015%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.015%, 7d avg −0.019%

Together, before fees+0.110%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MU	1,045.1	0.0064	pay 0.0008% / 1h	13m 10s	$1.1M	$5.0M	20x
Short	Coinbase International MU-PERP-INTX	1,044.9	0.0224	get 0.0028% / 1h	13m 10s	$757K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.015%Rate

Funding earned: $33.6
Price spread: −0.015% → −0.019%: $0.39
Slippage, 4 orders: −$3.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $20.21
Costs to cover: 0.138%
Break-even: 2.8 days

Slippage from Lighter: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	0.05 bp	0.0 bp $0	1.0 bp −$10	15.2 bp −$1,525	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.05 bp	6.9 bp −$7	7.1 bp −$71	62.1 bp −$6,209	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	−0.0712%	4h	1,045.6	+0.053%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.2	+0.011%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.2	+0.010%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.9	+0.174%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.9	−0.015%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,045	−0.010%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.2	+0.013%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.539%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.4	+0.028%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.7	−0.036%	$169K	$191K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.2	+0.007%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.5	−0.055%	$2.0M	$2.7M	10x	as long as short
Lighter MUlong	+0.0064%	1h	1,045.1	long leg	$1.1M	$5.0M	20x
OKX MU-USDT-SWAP	+0.0069%	8h	1,045.2	+0.015%	$30.8M	$104.5M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045	−0.011%	$7.9M	$23.9M	10x	as long as short
Bullet MU-USD	+0.0099%	1h	1,045.1	+0.006%	$25K	$394K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.7	−0.033%	$153K	$183K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045	−0.008%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.4	+0.031%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.3	+0.017%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,044.8	−0.024%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0113%	8h	1,045.4	+0.032%	$20.4M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,044.9	−0.014%	$33K	—	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0142%	1h	1,045.2	+0.008%	$62K	$284K	10x	as long as short
Nado MU-PERP	+0.0150%	1h	1,044.5	−0.052%	$271K	$875K	10x	as long as short
Aster MUUSD1	+0.0163%	8h	1,045.6	+0.054%	$21.5M	$47.3M	20x	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,045	−0.008%	$176.6M	$104.6M	10x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.8	+0.065%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,045.4	+0.034%	$124.3M	$531.1M	50x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,045.9	+0.076%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0224%	1h	1,044.9	−0.015%	$757K	$1.3M	10x
Bybit MUUSDT	+0.0259%	8h	1,045.3	+0.022%	$19.2M	$32.4M	100x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,044.4	−0.062%	$546K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0306%	8h	1,045.4	+0.033%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.088%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,044.7	−0.033%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.5	+0.037%	$316K	$339K	20x	as long as short