Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.012%
Price spread now: Lighter against Nado+0.035%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 3 days (all we have)+0.015%+$1 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.035%, 7d avg −0.006%
=Together, before fees+0.022%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.040% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MU-PERP | 1,051.9 | 0.0043 | pay 0.0005% / 1h | 7m 16s | $282K | $835K | 10x |
| Short | Lighter MU | 1,052.3 | 0.0056 | get 0.0007% / 1h | 7m 16s | $1.1M | $5.1M | 20x |
Nado MU-PERP
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.81
- Price spread: +0.035% → −0.006%
- $4.03
- Slippage, 4 orders
- −$3.72
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.88
- Costs to cover
- 0.107%
- Break-even
- 16.6 days
Slippage from Nado: live order book, 51 min ago; Lighter: live order book, 6 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 Nado live order book, 51 min ago | 0.19 bp | 5.3 bp −$5 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.14 bp | 0.4 bp $0 | 1.8 bp −$18 | 16.5 bp −$1,650 | 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 | −0.0884% | 4h | 1,052 | +0.001% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.5 | +0.050% | $21.4M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.3 | +0.034% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.5 | +0.053% | $340K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.2 | +0.020% | $62.3M | $27.5M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,051.9 | −0.001% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.4 | +0.042% | $81K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,052.2 | +0.023% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.7 | +0.070% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,052 | +0.007% | $72K | $447K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,051.9 | −0.006% | $131K | $434K | 50x | as long as short |
| Bybit MUUSDT | +0.0014% | 8h | 1,052.4 | +0.046% | $19.1M | $32.2M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,052.1 | +0.015% | $3K | $44K | 10x | as long as short |
| Binance MUUSDT | +0.0031% | 8h | 1,052.3 | +0.032% | $126.6M | $516.3M | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.3 | +0.029% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.8 | −0.018% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.056% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.1 | +0.013% | $7.1M | $17.8M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.9 | −0.002% | $71K | $234K | 10x | as long as short |
| Nado MU-PERPlong | +0.0043% | 1h | 1,051.9 | long leg | $282K | $835K | 10x | |
| Bullet MU-USD | +0.0045% | 1h | 1,052.4 | +0.043% | $26K | $395K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.5 | +0.151% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052 | +0.005% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.1 | +0.015% | $690K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.4 | −0.057% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,052.3 | +0.035% | $2K | — | 5x | as long as short |
| Lighter MUshort | +0.0056% | 1h | 1,052.3 | +0.035% | $1.1M | $5.1M | 20x | |
| Bitget MUUSDT | +0.0056% | 8h | 1,052.3 | +0.035% | $20.5M | $41.1M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0066% | 1h | 1,052 | +0.005% | $178.7M | $98.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | +0.090% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0088% | 1h | 1,051.8 | −0.013% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.2 | +0.027% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.1 | +0.014% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052 | +0.009% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.2 | +0.020% | $836 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0125% | 8h | 1,052.3 | +0.029% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,052.4 | +0.043% | $538K | $271K | 15x | as long as short |
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSD
Binance MUUSDT
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
Bullet MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Bitget MUUSDT
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU