MU

Alert

Funding spread now, next payment 15:00 UTC+0.0018%/8h

next payment, per $10,000+$0.02paid, last 24h+0.039%paid, last 7 days+0.030%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,041.2	0.0032	pay 0.0004% / 1h	21m 04s	$1.2M	$4.1M	10x
Short	Ondo Perps MU-USD.P	1,040.9	0.0050	get 0.0006% / 1h	21m 04s	$2.0M	$2.3M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee Ondo PerpsbpOrdersRate

Funding earned: $3.86
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.14
Break-even: 9.1 days

Slippage unknown: Lighter RH: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.030%
Avg gap 7d: −0.028%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	1.40 bp	1.9 bp −$2	5.1 bp −$51	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 36 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MU/USDC PERP	−0.0220%	1h	$14K	$225K	12x	as long as short
Aster MUUSD1	0.0000%	8h	$21.4M	$9.0M	20x	as long as short
Bybit MUUSDT	0.0000%	8h	$18.6M	$27.4M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	$30.7M	$84.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	$66.2M	$23.2M	75x	as long as short
StandX MU-USD	0.0000%	1h	$189K	$1.1M	20x	as long as short
SunX MU-USDT	0.0000%	8h	$11K	$5.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	$129K	$424K	50x	as long as short
Variational Omni MU	+0.0021%	8h	$2.7M	$2.6M	—	as long as short
Lighter RH MUlong	+0.0032%	1h	$1.2M	$4.1M	10x

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended MU_24_5-USD	+0.0032%	1h	$514K	$922K	10x	as long as short
QFEX MU-USD	+0.0036%	1h	$7.8M	$22.0M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	$65K	$172K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	—	$150K	25x	as long as short
Binance MUUSDT	+0.0047%	8h	$130.8M	$405.9M	50x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	$175.0M	$89.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	$166K	$166K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	$691K	$9K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	$2.0M	$2.3M	10x
Deribit MU_USDC-PERPETUAL	+0.0067%	1h	$53K	$76K	10x	as long as short
Paradex MU-USD-PERP	+0.0072%	8h	$2K	—	5x	as long as short
Lighter MU	+0.0072%	1h	$973K	$4.4M	20x	as long as short
RISEx MU/USDC	+0.0077%	1h	$282K	$298K	20x	as long as short
Aevo MU-PERP	+0.0096%	1h	$33K	—	10x	as long as short
Pacifica MU	+0.0100%	1h	$157K	$95K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	$70K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	$828	$799	20x	as long as short
Bitget MUUSDT	+0.0106%	8h	$20.5M	$34.0M	50x	as long as short
BloFin MU-USDT	+0.0167%	8h	$1.5M	$1.3M	20x	as long as short
Nado MU-PERP	+0.0169%	1h	$284K	$664K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	$822K	$1.3M	10x	as long as short
Bullet MU-USD	+0.0195%	1h	$25K	$398K	10x	as long as short
Aftermath Perps MUUSD	+0.0213%	1h	$3K	$43K	10x	as long as short
Phoenix MU	+0.0229%	1h	$527K	$187K	15x	as long as short
edgeX MUUSDC	+0.0603%	4h	$1.3M	$669K	10x	as long as short