Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX+0.017%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.017%, 7d avg −0.021%

Together, before fees−0.019%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.039% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,036.1	0	get 0.0000% / 8h	1h 39m	$127K	$441K	50x
Short	Lighter RH MU	1,036.2	0.0032	get 0.0004% / 1h	39m 43s	$1.2M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now +0.017%Rate

Funding earned: $6.72
Price spread: +0.017% → −0.021%: $3.87
Slippage, 4 orders: −$11.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.21
Costs to cover: 0.238%
Break-even: 20.8 days

Slippage from HTX: live order book, 4 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 HTX live order book, 4 min ago	0.19 bp	7.0 bp −$7	11.2 bp −$112	22.7 bp −$2,274	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.35 bp	1.8 bp −$2	4.7 bp −$47	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 MUUSDC	−0.0796%	4h	1,036.5	+0.048%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0178%	8h	1,036.4	+0.036%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.8	+0.076%	$21.1M	$58.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.3	+0.021%	$121.3M	$537.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.3	+0.026%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.1	+0.001%	$29.9M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.4	+0.031%	$315K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.4	+0.030%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036	−0.004%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.1	+0.009%	$73K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,035.9	−0.013%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.5	+0.135%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036	−0.002%	$74K	$554K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,036.1	long leg	$127K	$441K	50x
Bullet MU-USD	+0.0003%	1h	1,036.5	+0.043%	$26K	$389K	10x	as long as short
Nado MU-PERP	+0.0013%	1h	1,036.5	+0.047%	$277K	$816K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,036.1	+0.009%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.3	+0.024%	$1.1M	$4.9M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,036.2	+0.017%	$1.2M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,035.8	−0.022%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.4	+0.032%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.478%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.1	+0.001%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.4	+0.034%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036	−0.005%	$176.0M	$87.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.3	+0.024%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.3	+0.020%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.8	−0.021%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.2	+0.017%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.9	−0.015%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.2	+0.010%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.2	+0.010%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.8	+0.072%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.4	+0.035%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.003%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.1	+0.004%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.2	+0.014%	$530K	$270K	15x	as long as short