MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.053%

Price spread now: Coinbase International against Lighter RH+0.043%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.043%, 7d avg −0.013%

Together, before fees+0.256%+ Points / potential airdropLighter RH: Points live · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,049.5	0.0032	pay 0.0004% / 1h	48m 46s	$1.2M	$4.2M	10x
Short	Coinbase International MU-PERP-INTX	1,049.9	0.0096	get 0.0012% / 1h	48m 46s	$756K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: $13.44
Price spread: +0.043% → −0.013%: $5.55
Slippage, 4 orders: −$9.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.94
Costs to cover: 0.199%
Break-even: 7.5 days

Slippage from Lighter RH: 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 RH live order book, 5 min ago	1.62 bp	1.9 bp −$2	4.1 bp −$41	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.00 bp	8.1 bp −$8	8.2 bp −$82	69.1 bp −$6,913	doesn't fit

MU on 36 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	−0.0504%	4h	1,050.4	+0.089%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.4	+0.089%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.9	+0.042%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.060%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.214%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	+0.020%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,050.3	+0.073%	$19.2M	$32.4M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	+0.038%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.123%	$79K	$1.3M	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	+0.066%	$7.2M	$18.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MUlong	+0.0032%	1h	1,049.5	long leg	$1.2M	$4.2M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.178%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.1	−0.034%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	+0.069%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,049.8	+0.032%	$31.0M	$100.0M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.129%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	+0.030%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	+0.037%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.007%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.9	+0.035%	$2K	—	5x	as long as short
Lighter MU	+0.0088%	1h	1,049.5	−0.001%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0096%	1h	1,049.9	+0.043%	$756K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,049.8	+0.028%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	+0.051%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.125%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.047%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0108%	8h	1,050.2	+0.067%	$21.4M	$52.1M	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,049.7	+0.022%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	+0.012%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0121%	1h	1,049.4	−0.009%	$178.1M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.091%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.1	+0.058%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0163%	8h	1,049.8	+0.026%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0168%	8h	1,050	+0.049%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.068%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0265%	1h	1,050	+0.051%	$66K	$355K	10x	as long as short