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: Gate against Lighter RH+0.029%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$290.294% of the position

Long on Lighter RH Short on Gate

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−0.038%−$4 · spread now +0.029%, 7d avg +0.025%

Together, before fees−0.090%+ Points / potential airdropLighter RH: Points live · farm board−$9 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	Lighter RH MU	1,050.2	0.0032	pay 0.0004% / 1h	23m 39s	$1.2M	$4.1M	10x
Short	Gate MU_USDT	1,050.5	0	get 0.0000% / 8h	7h 23m	$62.8M	$28.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: −$6.72
Price spread: +0.029% → +0.025%: $0.38
Slippage, 4 orders: −$14.42
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.76
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Gate: 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	2.47 bp	2.5 bp −$3	4.1 bp −$41	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.71 bp	12.9 bp −$13	18.8 bp −$188	37.4 bp −$3,736	62.1 bp −$31.1K

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	−0.0576%	4h	1,052.5	+0.226%	$1.3M	$672K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050.5	+0.029%	$62.8M	$28.9M	75x
StandX MU-USD	0.0000%	1h	1,050.3	+0.017%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.144%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.2	+0.008%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	+0.027%	$3K	$45K	10x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,050.2	long leg	$1.2M	$4.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.115%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,050.2	+0.009%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.122%	—	$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	−0.014%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.063%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.4	+0.021%	$7.7M	$22.0M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.7	−0.045%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,050.2	+0.001%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.3	+0.018%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	−0.019%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.172%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	+0.032%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.7	+0.050%	$30.9M	$101.7M	50x	as long as short
SoDEX MU-USD	+0.0119%	1h	1,050.3	+0.016%	$689K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050	−0.014%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0169%	1h	1,049.9	−0.021%	$64K	$304K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.170%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0199%	8h	1,050.7	+0.055%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0219%	1h	1,050.5	+0.033%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.143%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0236%	8h	1,050.1	−0.001%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0236%	8h	1,050.4	+0.024%	$126.0M	$522.7M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.8	+0.057%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0247%	1h	1,050	−0.014%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.5	+0.030%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.107%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0378%	8h	1,050.5	+0.030%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	+0.005%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,049.7	−0.040%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.231%	$83K	$1.3M	10x	as long as short