MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.040%

Price spread now: tradeXYZ against Lighter RH−0.018%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Lighter RH Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.018%, 7d avg −0.020%

Together, before fees+0.172%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, 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	1,052.5	0.0032	pay 0.0004% / 1h	0m 20s	$1.3M	$4.5M	10x
Short	tradeXYZ xyz:MU	1,052.3	0.0059	get 0.0007% / 1h	0m 20s	$178.6M	$99.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.018%Rate

Funding earned: $5.73
Price spread: −0.018% → −0.020%: $0.22
Slippage, 4 orders: −$5.75
Fee Lighter RH: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.79
Costs to cover: 0.237%
Break-even: 28.7 days

Slippage from Lighter RH: live order book, 3 min ago; tradeXYZ: live order book, 10 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, 3 min ago	1.00 bp	3.4 bp −$3	5.1 bp −$51	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.47 bp	9.5 bp −$9	10.3 bp −$103	15.0 bp −$1,496	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	−0.0935%	4h	1,052.3	−0.021%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.7	+0.020%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.4	−0.010%	$62.1M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	−0.009%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.2	−0.027%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.1	+0.151%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052.1	−0.034%	$69K	$394K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.5	−0.002%	$130K	$431K	50x	as long as short
Bybit MUUSDT	+0.0009%	8h	1,052.9	+0.035%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0010%	8h	1,052.5	−0.002%	$31.1M	$99.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0017%	1h	1,051.8	−0.062%	$3K	$45K	10x	as long as short
Aster MUUSD1	+0.0029%	8h	1,052.5	−0.002%	$21.4M	$55.0M	20x	as long as short
QFEX MU-USD	+0.0030%	1h	1,052.4	−0.013%	$7.2M	$18.0M	10x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,052.5	long leg	$1.3M	$4.5M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.107%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.055%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0045%	1h	1,052.3	−0.020%	$282K	$844K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.6	+0.106%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,052.6	+0.009%	$1.1M	$5.1M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.3	−0.018%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	−0.009%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.089%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.6	+0.008%	$2K	—	5x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,052	−0.049%	$564K	$1.1M	10x	as long as short
tradeXYZ xyz:MUshort	+0.0059%	1h	1,052.3	−0.018%	$178.6M	$99.0M	10x
Bullet MU-USD	+0.0059%	1h	1,052.5	+0.004%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0063%	8h	1,052.3	−0.016%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0096%	8h	1,052.6	+0.013%	$126.7M	$517.4M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.052%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	+0.005%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.3	−0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.4	−0.006%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	−0.005%	$837	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,052.1	−0.035%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0139%	8h	1,052.6	+0.010%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0218%	8h	1,052.2	−0.029%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.5	+0.001%	$538K	$271K	15x	as long as short