Funding you earn now, next payment 06:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Vest−0.024%7-day average −0.654% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.024%, 7d avg −0.654%
=Together, before fees−0.039%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.630% dearer against Vest than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.654%): +$63 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 3 days (−0.029% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MU-USD-PERP | 1,041.6 | 0.0046 | pay 0.0006% / 1h | 7m 22s | — | $175K | 25x |
| Short | Lighter RH MU | 1,041.4 | 0.0032 | get 0.0004% / 1h | 7m 22s | $1.2M | $4.6M | 10x |
Vest MU-USD-PERP
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: −0.024% → −0.654%
- $62.96
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $58.09
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 1 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 1 min ago | 1.01 bp | 1.1 bp −$1 | 4.3 bp −$43 | doesn't fit | doesn't fit |
Vest: 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 | −0.0827% | 4h | 1,040.2 | −0.137% | $1.3M | $671K | 10x | as long as short |
| Bitget MUUSDT | −0.0119% | 8h | 1,041.7 | +0.008% | $20.3M | $41.2M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,041.8 | +0.016% | $21.2M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,041.5 | −0.014% | $122.2M | $536.2M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,041.7 | +0.012% | $18.7M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,041.6 | −0.004% | $30.0M | $101.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,041.7 | +0.012% | $316K | $382K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,041.5 | −0.008% | $61.7M | $28.6M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040.3 | −0.125% | $2.5M | $2.5M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,040.7 | −0.083% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,041.3 | −0.030% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.5 | +0.083% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,040.9 | −0.067% | $74K | $531K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.9 | −0.069% | $128K | $442K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0015% | 1h | 1,039.5 | −0.205% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0022% | 1h | 1,041 | −0.054% | $278K | $816K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,041.5 | −0.014% | $7.0M | $18.3M | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,041.4 | −0.024% | $1.2M | $4.6M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,041.1 | −0.045% | $544K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.936% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0038% | 1h | 1,041.6 | −0.001% | $26K | $390K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,040 | −0.151% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERPlong | +0.0046% | 1h | 1,041.6 | long leg | — | $175K | 25x | |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,041.4 | −0.020% | $177.1M | $90.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,041.4 | −0.020% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,040.9 | −0.068% | $683K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,040.5 | −0.111% | $1.9M | $2.5M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,041.6 | −0.005% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.5 | −0.109% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,041.4 | −0.016% | $148K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,041.2 | −0.036% | $5.2M | $3.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,040.8 | −0.083% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,041.4 | −0.016% | $828 | $799 | 20x | as long as short |
| Lighter MU | +0.0104% | 1h | 1,041.6 | −0.004% | $1.1M | $5.0M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.7 | −0.089% | $1.4M | $2.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,036 | −0.541% | $731K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,041 | −0.059% | $532K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU