Funding you earn now, next payment 10:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.006%
Price spread now: Lighter against Orderly+0.012%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | Orderly PERP_MU_USDC_mythos | 1,035.1 | 0.0100 | pay 0.0100% / 8h | 6h 08m | $823 | $799 | 20x |
| Short | Lighter MU | 1,035.3 | 0.0144 | get 0.0018% / 1h | 8m 47s | $1.0M | $5.1M | 20x |
Orderly PERP_MU_USDC_mythos
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- $9.24
- Price spread: +0.012% → 0.000%
- $1.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.4
- Costs to cover
- 0.060%
- Break-even
- 3.7 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 7 min ago | 0.44 bp | 0.4 bp $0 | 0.8 bp −$8 | 16.7 bp −$1,672 | doesn't fit |
Orderly: 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 37 exchanges
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 | −0.0330% | 4h | 1,035.1 | 0.000% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,035.8 | +0.069% | $21.2M | $73.0M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,035.3 | +0.017% | $120.9M | $550.3M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,035.2 | +0.002% | $29.4M | $106.5M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,034.9 | −0.019% | $61.6M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,035.3 | +0.012% | $19.8M | $42.8M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,035.2 | +0.010% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,034.2 | −0.091% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037 | +0.182% | $11K | $5.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,034.6 | −0.048% | $39K | $707K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,035.1 | −0.003% | $119K | $475K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,035.2 | +0.008% | $1.1M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0032% | 1h | 1,034.4 | −0.074% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.568% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.7 | +0.052% | — | $177K | 25x | as long as short |
| Bybit MUUSDT | +0.0048% | 8h | 1,035.5 | +0.033% | $18.8M | $32.4M | 100x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,034.9 | −0.022% | $167K | $178K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.2 | +0.002% | $679K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,033.9 | −0.119% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,035 | −0.017% | $7.0M | $19.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0070% | 8h | 1,035.1 | −0.002% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,034.8 | −0.031% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,035.2 | +0.004% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,034.5 | −0.059% | $5.2M | $5.7M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,035.7 | +0.051% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythoslong | +0.0100% | 8h | 1,035.1 | long leg | $823 | $799 | 20x | |
| RISEx MU/USDC | +0.0107% | 1h | 1,035.4 | +0.023% | $295K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,035.4 | +0.030% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,034.6 | −0.055% | $270K | $839K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,034.8 | −0.036% | $90K | $148K | 10x | as long as short |
| Lighter MUshort | +0.0144% | 1h | 1,035.3 | +0.012% | $1.0M | $5.1M | 20x | |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,033.5 | −0.157% | $732K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0181% | 1h | 1,035.1 | −0.003% | $175.6M | $75.0M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0183% | 8h | 1,035.5 | +0.035% | $76K | $1.4M | 10x | as long as short |
| Bullet MU-USD | +0.0210% | 1h | 1,035.3 | +0.021% | $25K | $386K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0296% | 1h | 1,034.3 | −0.082% | $549K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,035.5 | +0.036% | $530K | $269K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Bybit MUUSDT
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
GRVT MU_USDT_Perp
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU