MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.014%

Price spread now: Lighter against Polymarket Perps+0.036%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.036%, 7d avg +0.028%

Together, before fees+0.140%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,048.8	0.0050	pay 0.0006% / 1h	57m 25s	$170K	$203K	10x
Short	Lighter MU	1,049.2	0.0032	get 0.0004% / 1h	57m 25s	$1.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$3.78
Price spread: +0.036% → +0.028%: $0.87
Slippage, 4 orders: −$7.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.03
Costs to cover: 0.151%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; Lighter: live order book, 5 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 Polymarket Perps live order book, 10 min ago	2.86 bp	6.9 bp −$7	7.6 bp −$76	9.4 bp −$943	doesn't fit
Sell Lighter live order book, 5 min ago	0.33 bp	0.3 bp $0	1.8 bp −$18	19.1 bp −$1,914	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	−0.0855%	4h	1,050.5	+0.158%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0014%	1h	1,048.9	+0.009%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.1	+0.027%	$62.4M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.5	+0.068%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.6	+0.076%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.4	+0.150%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.1	+0.029%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.4	+0.059%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.2	+0.136%	$3K	$45K	10x	as long as short
Lighter MUshort	+0.0032%	1h	1,049.2	+0.036%	$1.1M	$4.8M	20x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,049.2	+0.037%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.1	+0.027%	$7.6M	$20.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.114%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.2	+0.136%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.9	+0.010%	$178.1M	$100.2M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,048.8	long leg	$170K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,049.4	+0.059%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.026%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0079%	8h	1,049	+0.020%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0098%	8h	1,049.1	+0.028%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.3	+0.045%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.3	+0.046%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.151%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	+0.077%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.244%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0117%	8h	1,049.4	+0.057%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	+0.074%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,049.1	+0.031%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0200%	1h	1,048.7	−0.005%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	+0.149%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.8	+0.092%	$21.6M	$49.0M	20x	as long as short
Binance MUUSDT	+0.0268%	8h	1,049.2	+0.042%	$125.9M	$522.8M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.200%	$538K	$273K	15x	as long as short
BloFin MU-USDT	+0.0392%	8h	1,050.4	+0.153%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0395%	8h	1,049.2	+0.041%	$20.5M	$41.6M	50x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.3	+0.044%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.153%	$83K	$1.3M	10x	as long as short