Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0981%/8h= +107.4% APRpaid last 24h −0.073%

Price spread now: Lighter RH against edgeX+0.093%50s7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$140.141% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.801%−$80 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.093%, 7d avg −0.017%

Together, before fees−0.894%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$89 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Lighter RH is 0.110% dearer against edgeX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.801%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,048.4	−0.0949	get 0.0475% / 4h	2h 34m	$1.3M	$671K	10x
Short	Lighter RH MU	1,049.4	0.0032	get 0.0004% / 1h	34m 20s	$1.1M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.093%Rate

Funding earned: $206.03
Price spread: +0.093% → −0.017%: $11.05
Slippage, 4 orders: −$5.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $202.95
Costs to cover: 0.141%
Break-even: 0.1 days

Slippage from edgeX: live order book, 5 min ago; Lighter RH: live order book, 4 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 edgeX live order book, 5 min ago	0.29 bp	4.9 bp −$5	6.8 bp −$68	30.1 bp −$3,009	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.95 bp	1.0 bp −$1	2.9 bp −$29	doesn't fit	doesn't fit

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 MUUSDClong	−0.0949%	4h	1,048.4	long leg	$1.3M	$671K	10x
Nado MU-PERP	−0.0006%	1h	1,049.3	+0.078%	$274K	$858K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.4	+0.092%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.1	+0.060%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.8	+0.033%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.1	+0.066%	$26K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.1	+0.162%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.7	+0.026%	$66K	$330K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.9	+0.039%	$129K	$430K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,048.7	+0.026%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.3	+0.083%	$1.1M	$4.8M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,049.4	+0.093%	$1.1M	$4.2M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,048.7	+0.021%	$567K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.1	+0.067%	$7.5M	$20.0M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.9	+0.042%	$71K	$237K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050	+0.151%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.9	+0.044%	$178.0M	$99.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.9	+0.044%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.1	+0.062%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.4	−0.004%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0066%	8h	1,049.2	+0.069%	$30.8M	$100.7M	50x	as long as short
Paradex MU-USD-PERP	+0.0067%	8h	1,049.5	+0.102%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.1	+0.064%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049	+0.054%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.9	+0.041%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.1	+0.058%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.279%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.034%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.9	+0.045%	$32K	$1K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,049	+0.050%	$81K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0197%	8h	1,049.3	+0.087%	$21.6M	$50.1M	20x	as long as short
Variational Omni MU	+0.0204%	8h	1,049.1	+0.062%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0217%	8h	1,049.2	+0.070%	$126.9M	$525.0M	50x	as long as short
Bitget MUUSDT	+0.0269%	8h	1,049.2	+0.070%	$20.3M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.2	+0.073%	$537K	$273K	15x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.131%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.3	+0.086%	$333K	$348K	20x	as long as short