Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.026%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.026%, 7d avg +0.021%

Together, before fees−0.029%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, 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	1,049.8	0.0032	pay 0.0004% / 1h	14m 48s	$1.1M	$4.2M	10x
Short	HTX MU-USDT	1,050.1	0	get 0.0000% / 8h	6h 14m	$129K	$425K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$6.72
Price spread: +0.026% → +0.021%: $0.43
Slippage, 4 orders: −$11.57
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.85
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; HTX: live order book, 54 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, 4 min ago	1.14 bp	1.2 bp −$1	4.1 bp −$41	doesn't fit	doesn't fit
Sell HTX live order book, 54 min ago	3.09 bp	9.8 bp −$10	11.0 bp −$110	25.9 bp −$2,588	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	−0.0876%	4h	1,049.5	−0.032%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0005%	1h	1,049.6	−0.021%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.4	+0.058%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.9	+0.010%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.018%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.1	+0.023%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.1	+0.126%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.7	−0.012%	$66K	$341K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,050.1	+0.026%	$129K	$425K	50x
Aftermath Perps MUUSD	+0.0017%	1h	1,049.6	−0.025%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.8	−0.003%	$1.1M	$4.8M	20x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,049.8	long leg	$1.1M	$4.2M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.045%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.8	−0.004%	$7.4M	$19.3M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.016%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.083%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.8	−0.002%	$178.2M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	−0.011%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.8	−0.002%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.095%	$1.9M	$2.3M	10x	as long as short
OKX MU-USDT-SWAP	+0.0050%	8h	1,050.2	+0.039%	$30.8M	$100.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0056%	8h	1,049.8	0.000%	$81K	$1.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	1,050	+0.018%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	−0.028%	$148K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.7	−0.010%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	+0.004%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.018%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.147%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.6	−0.020%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.044%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0149%	8h	1,050	+0.015%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	−0.002%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0190%	8h	1,050.2	+0.032%	$126.5M	$523.3M	50x	as long as short
Bitget MUUSDT	+0.0227%	8h	1,050.1	+0.025%	$20.6M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	+0.036%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.2	+0.032%	$334K	$348K	20x	as long as short