After costs, if the gap returns to its 7d average, $10k−$14
spread now+0.005%7d average−0.029%fees + slippage, in and out−$17spread needed0.172%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,045.2 | 0 | get 0.0000% / 1h | 18m 41s | $25K | $398K | 10x |
| Short | Lighter MU | 1,045.3 | 0.0032 | get 0.0004% / 1h | 18m 41s | $985K | $4.6M | 20x |
Bullet MU-USD
Lighter MUPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.53
- Funding while held
- $0.96
- Slippage, 4 orders
- −$9.17
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.67
- Spread needed to break even
- 0.172%
Slippage from Bullet: live order book, 17 min ago; Lighter: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.96
- Average in range /8h
- —
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 Bullet live order book, 17 min ago | 1.91 bp | 7.4 bp −$7 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.53 bp | 0.5 bp −$1 | 1.5 bp −$15 | 12.8 bp −$1,283 | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni1,043.8cheapestPhoenix1,043.8cheapestAftermath Perps1,044.1+0.027%Ondo Perps1,044.4+0.053%StandX1,044.5+0.065%Nado1,044.7+0.087%Extended1,044.8+0.098%Variational Omni1,044.8+0.099%Pacifica1,044.9+0.105%Arcus1,044.9+0.108%edgeX1,044.9+0.109%Coinbase International1,045+0.112%tradeXYZ1,045+0.115%Aevo1,045.1+0.125%KuCoin1,045.1+0.126%Lighter RH1,045.1+0.128%HTX1,045.2+0.133%Polymarket Perps1,045.2+0.134%SoDEX1,045.2+0.137%
ApeX Omni
Phoenix
Ondo Perps
StandX
Nado
Extended
Variational Omni
Pacifica
Arcus
Coinbase International
tradeXYZ
Aevo
KuCoin
Lighter RH
HTX
Polymarket Perps
SoDEXBullet1,045.2+0.138%
OKX1,045.3+0.139%Binance1,045.3+0.143%
OKX
BinanceLighter1,045.3+0.144%
Bitget1,045.3+0.144%Bybit1,045.3+0.148%Deribit1,045.3+0.148%Gate1,045.4+0.148%BloFin1,045.4+0.152%Paradex1,045.4+0.157%RISEx1,045.5+0.159%QFEX1,045.5+0.159%Orderly1,045.5+0.163%Aster1,045.5+0.165%Vest1,045.8+0.195%SunX1,046.9+0.301%Injective1,050.7+0.662%
Bitget
Bybit
Deribit
Gate
BloFin
Paradex
RISEx
QFEX
Orderly
Aster
Vest
SunX
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MUUSDT | −0.138% | +0.0100% | 1h | $71K | $267K | 50x | as long as short |
| Phoenix MU | −0.138% | +0.0154% | 1h | $529K | $192K | 15x | as long as short |
| Aftermath Perps MUUSD | −0.112% | +0.0143% | 1h | $3K | $44K | 10x | as long as short |
| Ondo Perps MU-USD.P | −0.086% | +0.0050% | 1h | $1.9M | $2.5M | 10x | as long as short |
| StandX MU-USD | −0.073% | 0.0000% | 1h | $189K | $2.8M | 20x | as long as short |
| Nado MU-PERP | −0.051% | +0.0072% | 1h | $334K | $781K | 10x | as long as short |
| Extended MU_24_5-USD | −0.040% | +0.0032% | 1h | $523K | $1.0M | 10x | as long as short |
| Variational Omni MU | −0.039% | 0.0000% | 8h | $2.7M | $2.7M | — | as long as short |
| Pacifica MU | −0.033% | +0.0100% | 1h | $147K | $158K | 10x | as long as short |
| Arcus MU-USD | −0.030% | +0.0040% | 1h | $63K | $236K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MUUSDC | −0.029% | +0.0943% | 4h | $1.3M | $671K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | −0.026% | +0.0144% | 1h | $783K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:MU | −0.023% | +0.0050% | 1h | $177.4M | $96.7M | 10x | as long as short |
| Aevo MU-PERP | −0.013% | +0.0080% | 1h | $33K | — | 10x | as long as short |
| KuCoin MUUSDTM | −0.013% | +0.0100% | 8h | $5.2M | $3.8M | 20x | as long as short |
| Lighter RH MU | −0.010% | +0.0032% | 1h | $1.1M | $4.2M | 10x | as long as short |
| HTX MU-USDT | −0.005% | 0.0000% | 8h | $125K | $445K | 50x | as long as short |
| Polymarket Perps MU-USD | −0.004% | +0.0050% | 1h | $164K | $159K | 10x | as long as short |
| SoDEX MU-USD | −0.001% | +0.0050% | 1h | $686K | $16K | 10x | as long as short |
| Bullet MU-USDlong | 0.000% | 0.0000% | 1h | $25K | $398K | 10x | |
| OKX MU-USDT-SWAP | +0.001% | 0.0000% | 8h | $31.1M | $98.6M | 50x | as long as short |
| Binance MUUSDT | +0.004% | 0.0000% | 8h | $126.2M | $505.3M | 50x | as long as short |
| Lighter MUshort | +0.005% | +0.0032% | 1h | $985K | $4.6M | 20x | |
| Bitget MUUSDT | +0.005% | +0.0015% | 8h | $20.1M | $40.3M | 50x | as long as short |
| Bybit MUUSDT | +0.009% | 0.0000% | 8h | $18.0M | $30.0M | 100x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.009% | +0.0248% | 1h | $54K | $137K | 10x | as long as short |
| Gate MU_USDT | +0.010% | 0.0000% | 8h | $64.1M | $27.3M | 75x | as long as short |
| BloFin MU-USDT | +0.014% | +0.0120% | 8h | $1.5M | $1.8M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.018% | +0.0051% | 8h | $2K | — | 5x | as long as short |
| RISEx MU/USDC | +0.020% | 0.0000% | 1h | $285K | $329K | 20x | as long as short |
| QFEX MU-USD | +0.021% | +0.0031% | 1h | $7.9M | $23.0M | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.024% | +0.0100% | 8h | $831 | $799 | 20x | as long as short |
| Aster MUUSD1 | +0.026% | 0.0000% | 8h | $21.5M | $26.5M | 20x | as long as short |
| Vest MU-USD-PERP | +0.057% | +0.0046% | 1h | — | $175K | 25x | as long as short |
| SunX MU-USDT | +0.162% | 0.0000% | 8h | $11K | $6.7M | 10x | as long as short |
| Injective MU/USDC PERP | +0.523% | +0.0033% | 1h | $14K | $302 | 12x | as long as short |