Funding you earn now, next payment 01:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against QFEX−0.066%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now −0.066%, 7d avg +0.015%
=Together, before fees+0.131%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.081% cheaper against QFEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,052 | 0.0054 | pay 0.0007% / 1h | 46m 12s | $7.8M | $23.2M | 10x |
| Short | Lighter MU | 1,051.3 | 0.0032 | get 0.0004% / 1h | 46m 12s | $1.1M | $4.7M | 20x |
QFEX MU-USD
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- −$4.67
- Price spread: −0.066% → +0.015%
- −$8.11
- Slippage, 4 orders
- −$5.14
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.92
- Costs to cover
- 0.151%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 8 min ago; Lighter: live order book, 7 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 QFEX live order book, 8 min ago | 1.05 bp | 7.0 bp −$7 | 8.2 bp −$82 | 12.4 bp −$1,241 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.05 bp | 1.0 bp −$1 | 1.9 bp −$19 | 25.7 bp −$2,570 | 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 | −0.162% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,051.6 | −0.037% | $62.9M | $28.6M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.6 | −0.133% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.8 | +0.076% | $11K | $6.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,051.2 | −0.071% | $129K | $426K | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0016% | 1h | 1,051 | −0.092% | $63K | $294K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,050.1 | −0.179% | $3K | $45K | 10x | as long as short |
| Lighter MUshort | +0.0032% | 1h | 1,051.3 | −0.066% | $1.1M | $4.7M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,051.2 | −0.076% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.056% | $19K | $5K | 12x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Deribit MU_USDC-PERPETUAL
Aftermath Perps MUUSD
Lighter RH 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 | 1,052.8 | +0.085% | — | $195K | 25x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,052.2 | +0.020% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USDlong | +0.0054% | 1h | 1,052 | long leg | $7.8M | $23.2M | 10x | |
| Nado MU-PERP | +0.0059% | 1h | 1,052.2 | +0.025% | $275K | $862K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0093% | 8h | 1,051.3 | −0.066% | $30.9M | $102.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.2 | +0.024% | $152K | $177K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.8 | −0.110% | $5.3M | $3.6M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,051.8 | −0.016% | $836 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0101% | 8h | 1,052.4 | +0.042% | $2K | — | 5x | as long as short |
| Bybit MUUSDT | +0.0129% | 8h | 1,051.5 | −0.045% | $19.2M | $32.6M | 100x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,051.2 | −0.072% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,052.2 | +0.020% | $762K | $1.3M | 10x | as long as short |
| Variational Omni MU | +0.0192% | 8h | 1,051.7 | −0.021% | $2.7M | $2.4M | — | as long as short |
| Polymarket Perps MU-USD | +0.0202% | 1h | 1,051.3 | −0.062% | $170K | $202K | 10x | as long as short |
| Aster MUUSD1 | +0.0203% | 8h | 1,050.9 | −0.101% | $21.6M | $47.8M | 20x | as long as short |
| Binance MUUSDT | +0.0207% | 8h | 1,051.3 | −0.059% | $126.4M | $526.5M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,051 | −0.089% | $71K | $242K | 10x | as long as short |
| Bitget MUUSDT | +0.0262% | 8h | 1,051.2 | −0.069% | $20.6M | $41.7M | 50x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,052.1 | +0.017% | $316K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0326% | 8h | 1,053 | +0.098% | $1.5M | $2.1M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0363% | 1h | 1,050.9 | −0.100% | $71K | $267K | 50x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.3 | −0.157% | $537K | $306K | 15x | as long as short |
| Bullet MU-USD | +0.0425% | 1h | 1,051.8 | −0.019% | $26K | $394K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0464% | 1h | 1,051.1 | −0.081% | $178.3M | $101.6M | 10x | as long as short |
| SoDEX MU-USD | +0.0493% | 1h | 1,051.2 | −0.076% | $690K | $16K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0496% | 1h | 1,050.7 | −0.120% | $558K | $1.1M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0707% | 8h | 1,050.8 | −0.109% | $83K | $1.4M | 10x | as long as short |
Vest MU-USD-PERP
Ondo Perps MU-USD.P
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Bybit MUUSDT
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Variational Omni MU
Polymarket Perps MU-USD
Aster MUUSD1
Binance MUUSDT
Arcus MU-USD
Bitget MUUSDT
RISEx MU/USDC
BloFin MU-USDT
ApeX Omni MUUSDT
Phoenix MU
Bullet MU-USD
tradeXYZ xyz:MU
SoDEX MU-USD
Extended MU_24_5-USD
GRVT MU_USDT_Perp