Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h −0.015%

Price spread now: Lighter RH against Paradex+0.003%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter RH: Points live · 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	Paradex MU-USD-PERP	1,050.4	0.0055	pay 0.0055% / 8h	5h 24m	$2K	—	5x
Short	Lighter RH MU	1,050.5	0.0032	get 0.0004% / 1h	24m 13s	$1.2M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$4.93
Price spread: +0.003% → 0.000%: $0.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.59
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	1.48 bp	1.7 bp −$2	3.8 bp −$38	doesn't fit	doesn't fit

Paradex: 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 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	−0.0861%	4h	1,049.9	−0.048%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.8	+0.039%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.7	+0.022%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	+0.002%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	−0.020%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050	−0.042%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.4	+0.188%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	−0.004%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.002%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.039%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.7	+0.028%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	−0.018%	$7.2M	$18.1M	10x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,050.5	+0.003%	$1.2M	$4.3M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.089%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,050.1	−0.031%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	−0.038%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.091%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.7	+0.022%	$1.1M	$5.0M	20x	as long as short
Nado MU-PERP	+0.0050%	1h	1,050.2	−0.021%	$282K	$848K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.2	−0.021%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	+0.004%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.110%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0055%	8h	1,050.4	long leg	$2K	—	5x
tradeXYZ xyz:MU	+0.0057%	1h	1,050.4	−0.002%	$178.1M	$98.9M	10x	as long as short
Aster MUUSD1	+0.0060%	8h	1,050.5	+0.007%	$21.4M	$53.0M	20x	as long as short
Bullet MU-USD	+0.0065%	1h	1,050.7	+0.026%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.046%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.002%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.3	−0.013%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.7	−0.065%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.4	−0.005%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.024%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.3	−0.008%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0116%	8h	1,050.7	+0.029%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0127%	8h	1,050.6	+0.013%	$126.5M	$518.7M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	−0.002%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	−0.011%	$1.5M	$2.0M	20x	as long as short