MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.016%

Price spread now: Lighter against Deribit+0.007%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.007%, 7d avg +0.005%

Together, before fees−0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,050.3	0.0150	pay 0.0019% / 1h	51m 45s	$66K	$353K	10x
Short	Lighter MU	1,050.3	0.0112	get 0.0014% / 1h	51m 45s	$1.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$7.99
Price spread: +0.007% → +0.005%: $0.15
Slippage, 4 orders: −$22.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.07
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 min ago; Lighter: live order book, 6 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 Deribit live order book, 12 min ago	5.62 bp	11.9 bp −$12	15.1 bp −$151	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.48 bp	0.5 bp −$1	1.3 bp −$13	16.7 bp −$1,667	doesn't fit

MU on 36 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	−0.0453%	4h	1,050.4	+0.017%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.9	+0.060%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	+0.026%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.020%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.4	+0.198%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.012%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.2	−0.009%	$3K	$45K	10x	as long as short
GRVT MU_USDT_Perp	+0.0020%	8h	1,050.7	+0.044%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0021%	8h	1,050.7	+0.043%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.5	+0.023%	$7.3M	$18.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.3	+0.002%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.8	−0.045%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.104%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	+0.001%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.7	+0.036%	$31.0M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.092%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	+0.012%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.6	+0.028%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050	−0.027%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.6	+0.031%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.031%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	+0.030%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	+0.017%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.9	+0.058%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.037%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,050.1	−0.020%	$280K	$850K	10x	as long as short
Lighter MUshort	+0.0112%	1h	1,050.3	+0.007%	$1.1M	$4.8M	20x
Aster MUUSD1	+0.0112%	8h	1,050.3	+0.006%	$21.5M	$52.1M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.4	+0.009%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0138%	1h	1,050.3	+0.003%	$178.3M	$99.2M	10x	as long as short
Variational Omni MU	+0.0148%	8h	1,050.2	−0.006%	$2.7M	$2.3M	—	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0150%	1h	1,050.3	long leg	$66K	$353K	10x
Bullet MU-USD	+0.0162%	1h	1,050.8	+0.052%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0166%	8h	1,050.7	+0.037%	$126.6M	$520.1M	50x	as long as short
Bitget MUUSDT	+0.0170%	8h	1,050.5	+0.023%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.041%	$537K	$271K	15x	as long as short