Funding you earn now, next payment 10:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.035%
Price spread now: Lighter RH against Deribit+0.007%7-day average 0.000% · 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−$30as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.007%, 7d avg 0.000%
=Together, before fees+0.005%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,034.4 | 0.0021 | pay 0.0003% / 1h | 15m 38s | $43K | $700K | 10x |
| Short | Lighter RH MU | 1,034.5 | 0.0032 | get 0.0004% / 1h | 15m 38s | $1.1M | $4.5M | 10x |
Deribit MU_USDC-PERPETUAL
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. 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
- $2.36
- Price spread: +0.007% → 0.000%
- $0.63
- Slippage, 4 orders
- −$23.58
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.59
- Costs to cover
- 0.306%
- Break-even
- 88.9 days
Slippage from Deribit: live order book, 36 min ago; Lighter RH: 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, 36 min ago | 4.02 bp | 19.4 bp −$19 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 1.65 bp | 1.7 bp −$2 | 3.3 bp −$33 | 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 | −0.0748% | 4h | 1,033.5 | −0.086% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,034.7 | +0.031% | $21.1M | $72.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,034.6 | +0.022% | $120.8M | $550.0M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,034.4 | +0.002% | $29.4M | $106.4M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,034.3 | −0.010% | $61.6M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,034.3 | −0.009% | $19.7M | $42.8M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,034.5 | +0.016% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,034.2 | −0.018% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,036.3 | +0.189% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,034.9 | +0.054% | $119K | $475K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MU_USDC-PERPETUALlong | +0.0021% | 1h | 1,034.4 | long leg | $43K | $700K | 10x | |
| Lighter RH MUshort | +0.0032% | 1h | 1,034.5 | +0.007% | $1.1M | $4.5M | 10x | |
| Aftermath Perps MUUSD | +0.0032% | 1h | 1,033.5 | −0.090% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.642% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,034.8 | +0.039% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,034.8 | +0.041% | $167K | $178K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,034.5 | +0.013% | $679K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,032.5 | −0.186% | $1.9M | $3.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0051% | 8h | 1,034.5 | +0.011% | $18.8M | $32.4M | 100x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,034.4 | −0.001% | $7.0M | $19.0M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0067% | 8h | 1,034.2 | −0.021% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,034.5 | +0.012% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,034 | −0.038% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,033.9 | −0.044% | $5.2M | $5.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.6 | −0.073% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,034.3 | −0.009% | $822 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,034.7 | +0.026% | $295K | $350K | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0120% | 8h | 1,033.6 | −0.073% | $76K | $1.4M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,033.7 | −0.067% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0123% | 1h | 1,033.7 | −0.067% | $269K | $840K | 10x | as long as short |
| Lighter MU | +0.0136% | 1h | 1,034.6 | +0.020% | $1.0M | $5.0M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,033.9 | −0.046% | $90K | $148K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,033.5 | −0.085% | $732K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0178% | 1h | 1,034.2 | −0.017% | $175.4M | $75.8M | 10x | as long as short |
| Bullet MU-USD | +0.0213% | 1h | 1,035.1 | +0.070% | $25K | $386K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0264% | 1h | 1,033.6 | −0.075% | $549K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,033.4 | −0.095% | $529K | $269K | 15x | as long as short |
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
GRVT MU_USDT_Perp
BloFin MU-USDT
Nado MU-PERP
Lighter MU
Arcus MU-USD
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU