Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.030%
Price spread now: Lighter RH against Pacifica−0.016%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.016%, 7d avg +0.005%
=Together, before fees−0.115%+ Points / potential airdropPacifica: Active · Lighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.022% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,053 | 0.0100 | pay 0.0013% / 1h | 47m 02s | $153K | $177K | 10x |
| Short | Lighter RH MU | 1,052.8 | 0.0032 | get 0.0004% / 1h | 47m 02s | $1.2M | $4.1M | 10x |
Pacifica MU
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Pacifica. 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
- −$14.28
- Price spread: −0.016% → +0.005%
- −$2.16
- Slippage, 4 orders
- −$11.87
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$36.3
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 26 min ago; Lighter RH: live order book, 1 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 Pacifica live order book, 26 min ago | 2.30 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.19 bp | 2.4 bp −$2 | 4.7 bp −$47 | doesn't fit | 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 | −0.0892% | 4h | 1,050.2 | −0.260% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.7 | −0.026% | $63.1M | $28.5M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.6 | −0.231% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.5 | +0.147% | $11K | $6.3M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,052.8 | −0.015% | $63K | $294K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.7 | −0.028% | $130K | $426K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,049.6 | −0.323% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,052.9 | −0.006% | $1.1M | $4.7M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,052.8 | −0.016% | $1.2M | $4.1M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.154% | $19K | $5K | 12x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.7 | +0.068% | — | $195K | 25x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,052.2 | −0.078% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,053 | +0.003% | $7.8M | $23.2M | 10x | as long as short |
| Nado MU-PERP | +0.0059% | 1h | 1,052.8 | −0.013% | $275K | $862K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0094% | 8h | 1,052.7 | −0.025% | $30.9M | $102.4M | 50x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,053 | long leg | $153K | $177K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.072% | $5.3M | $3.6M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,053 | +0.001% | $837 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0102% | 8h | 1,053.2 | +0.023% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,052.7 | −0.027% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0135% | 8h | 1,053.1 | +0.007% | $19.2M | $32.6M | 100x | as long as short |
| Variational Omni MU | +0.0177% | 8h | 1,049.9 | −0.290% | $2.7M | $2.4M | — | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,052.2 | −0.078% | $762K | $1.3M | 10x | as long as short |
| Aster MUUSD1 | +0.0199% | 8h | 1,052 | −0.095% | $21.6M | $47.8M | 20x | as long as short |
| Binance MUUSDT | +0.0206% | 8h | 1,052.8 | −0.013% | $126.6M | $526.8M | 50x | as long as short |
| Polymarket Perps MU-USD | +0.0238% | 1h | 1,052.7 | −0.027% | $170K | $202K | 10x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.5 | −0.240% | $71K | $242K | 10x | as long as short |
| Bitget MUUSDT | +0.0241% | 8h | 1,053 | −0.002% | $20.7M | $41.7M | 50x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,053 | −0.001% | $317K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0326% | 8h | 1,053 | 0.000% | $1.5M | $2.1M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0363% | 1h | 1,050.9 | −0.198% | $71K | $267K | 50x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.3 | −0.255% | $537K | $306K | 15x | as long as short |
| Bullet MU-USD | +0.0462% | 1h | 1,052.9 | −0.008% | $26K | $394K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0487% | 1h | 1,052.7 | −0.027% | $178.6M | $101.6M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0512% | 1h | 1,052.3 | −0.062% | $551K | $1.1M | 10x | as long as short |
| SoDEX MU-USD | +0.0517% | 1h | 1,052.6 | −0.036% | $691K | $16K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0707% | 8h | 1,050.8 | −0.207% | $83K | $1.4M | 10x | as long as short |
Vest MU-USD-PERP
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
OKX MU-USDT-SWAP
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Variational Omni MU
Coinbase International MU-PERP-INTX
Aster MUUSD1
Binance MUUSDT
Polymarket Perps MU-USD
Arcus MU-USD
Bitget MUUSDT
RISEx MU/USDC
BloFin MU-USDT
ApeX Omni MUUSDT
Phoenix MU
Bullet MU-USD
tradeXYZ xyz:MU
Extended MU_24_5-USD
SoDEX MU-USD
GRVT MU_USDT_Perp