MU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.038%

Price spread now: Lighter RH against Coinbase International+0.139%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.139%, 7d avg +0.014%

Together, before fees−0.386%+ Points / potential airdropLighter RH: Points live · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.125% dearer against Coinbase International than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of +0.014%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,033.5	0.0152	pay 0.0019% / 1h	11m 39s	$732K	$1.2M	10x
Short	Lighter RH MU	1,034.9	0.0032	get 0.0004% / 1h	11m 39s	$1.1M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Coinbase International. 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 Coinbase InternationalbpFee Lighter RHbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$25.2
Price spread: +0.139% → +0.014%: $12.48
Slippage, 4 orders: −$13.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$36.28
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Lighter RH: 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 Coinbase International live order book, 5 min ago	4.88 bp	9.9 bp −$10	13.9 bp −$139	61.6 bp −$6,160	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.60 bp	1.7 bp −$2	3.8 bp −$38	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0919%	4h	1,034.4	+0.089%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,035.9	+0.230%	$21.2M	$72.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,035.3	+0.175%	$120.9M	$550.4M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,035.5	+0.194%	$29.4M	$106.5M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,034.9	+0.134%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,035.3	+0.173%	$19.8M	$42.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,034.5	+0.101%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,034.3	+0.078%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,036.8	+0.317%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.1	+0.156%	$119K	$475K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MUshort	+0.0032%	1h	1,034.9	+0.139%	$1.1M	$4.6M	10x
Aftermath Perps MUUSD	+0.0033%	1h	1,034	+0.045%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.728%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.5	+0.196%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,034.7	+0.116%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.1	+0.150%	$679K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.1	+0.053%	$1.9M	$3.2M	10x	as long as short
Bybit MUUSDT	+0.0050%	8h	1,035.3	+0.177%	$18.8M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0059%	1h	1,035	+0.145%	$7.0M	$19.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0069%	8h	1,035.1	+0.155%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,034.6	+0.107%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.5	+0.096%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034.4	+0.084%	$5.2M	$5.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,034.7	+0.113%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035	+0.147%	$823	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,035.3	+0.170%	$296K	$350K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,035.5	+0.195%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0125%	1h	1,034.5	+0.095%	$270K	$840K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,034.7	+0.116%	$90K	$148K	10x	as long as short
Lighter MU	+0.0144%	1h	1,035.2	+0.165%	$1.0M	$5.1M	20x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0152%	1h	1,033.5	long leg	$732K	$1.2M	10x
Deribit MU_USDC-PERPETUAL	+0.0166%	1h	1,034.4	+0.086%	$41K	$705K	10x	as long as short
GRVT MU_USDT_Perp	+0.0167%	8h	1,035.3	+0.175%	$76K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0181%	1h	1,035	+0.145%	$175.5M	$75.8M	10x	as long as short
Bullet MU-USD	+0.0212%	1h	1,035	+0.144%	$24K	$386K	10x	as long as short
Extended MU_24_5-USD	+0.0288%	1h	1,034.1	+0.058%	$549K	$1.1M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,034.4	+0.087%	$529K	$269K	15x	as long as short