After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.243%7d average−0.024%fees + slippage, in and out−$19spread needed0.188%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,042.7 | 0.0032 | pay 0.0004% / 1h | 35m 40s | $1.0M | $4.6M | 20x |
| Short | Coinbase International MU-PERP-INTX | 1,040.2 | 0.0168 | get 0.0021% / 1h | 35m 40s | $780K | $1.7M | 10x |
Lighter MU
Coinbase International MU-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$24.26
- Funding while held
- $4.08
- Slippage, 4 orders
- −$8.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$38.96
- Spread needed to break even
- 0.188%
Slippage from Lighter: live order book, 9 min ago; Coinbase International: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0136%
- Per $10,000 a day
- +$4.08
- Average in range /8h
- —
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 Lighter live order book, 9 min ago | 0.05 bp | 0.2 bp $0 | 2.0 bp −$20 | 10.4 bp −$1,041 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 3.70 bp | 8.8 bp −$9 | 10.6 bp −$106 | 70.2 bp −$7,016 | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International1,040.2cheapest
Phoenix1,041.2+0.098%edgeX1,041.3+0.109%ApeX Omni1,041.4+0.113%Aftermath Perps1,041.8+0.160%HTX1,042+0.175%StandX1,042+0.177%Extended1,042.1+0.181%Nado1,042.1+0.185%Aevo1,042.2+0.192%Pacifica1,042.2+0.194%KuCoin1,042.2+0.194%Ondo Perps1,042.2+0.196%Deribit1,042.2+0.197%Gate1,042.3+0.202%Polymarket Perps1,042.3+0.204%Orderly1,042.3+0.208%Arcus1,042.4+0.212%SoDEX1,042.4+0.213%Bullet1,042.5+0.221%Lighter RH1,042.5+0.224%Paradex1,042.5+0.225%QFEX1,042.6+0.228%RISEx1,042.6+0.229%Bitget1,042.6+0.236%tradeXYZ1,042.7+0.242%
Phoenix
ApeX Omni
HTX
StandX
Extended
Nado
Aevo
Pacifica
KuCoin
Ondo Perps
Deribit
Gate
Polymarket Perps
Orderly
Arcus
SoDEX
Bullet
Lighter RH
Paradex
QFEX
RISEx
Bitget
tradeXYZLighter1,042.7+0.243%
OKX1,042.8+0.249%Variational Omni1,042.8+0.251%Binance1,042.8+0.252%Vest1,042.9+0.258%Aster1,042.9+0.261%Bybit1,043+0.270%BloFin1,043.1+0.276%SunX1,043.7+0.334%Injective1,050.7+1.012%
OKX
Variational Omni
Binance
Vest
Aster
Bybit
BloFin
SunX
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MU-PERP-INTXshort | −0.243% | +0.0168% | 1h | $780K | $1.7M | 10x | |
| Phoenix MU | −0.145% | +0.0232% | 1h | $528K | $192K | 15x | as long as short |
| edgeX MUUSDC | −0.134% | +0.0788% | 4h | $1.3M | $670K | 10x | as long as short |
| ApeX Omni MUUSDT | −0.129% | +0.0100% | 1h | $71K | $268K | 50x | as long as short |
| Aftermath Perps MUUSD | −0.083% | +0.0212% | 1h | $3K | $43K | 10x | as long as short |
| HTX MU-USDT | −0.068% | 0.0000% | 8h | $129K | $436K | 50x | as long as short |
| StandX MU-USD | −0.066% | 0.0000% | 1h | $188K | $2.1M | 20x | as long as short |
| Extended MU_24_5-USD | −0.062% | +0.0032% | 1h | $521K | $989K | 10x | as long as short |
| Nado MU-PERP | −0.058% | +0.0107% | 1h | $334K | $772K | 10x | as long as short |
| Aevo MU-PERP | −0.051% | +0.0096% | 1h | $33K | — | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MU | −0.049% | +0.0100% | 1h | $148K | $110K | 10x | as long as short |
| KuCoin MUUSDTM | −0.049% | +0.0100% | 8h | $5.2M | $3.7M | 20x | as long as short |
| Ondo Perps MU-USD.P | −0.047% | +0.0050% | 1h | $2.0M | $2.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | −0.046% | +0.0019% | 1h | $55K | $95K | 10x | as long as short |
| Gate MU_USDT | −0.041% | 0.0000% | 8h | $65.2M | $25.0M | 75x | as long as short |
| Polymarket Perps MU-USD | −0.039% | +0.0050% | 1h | $165K | $158K | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | −0.035% | +0.0100% | 8h | $829 | $799 | 20x | as long as short |
| Arcus MU-USD | −0.032% | +0.0073% | 1h | $57K | $216K | 10x | as long as short |
| SoDEX MU-USD | −0.030% | +0.0050% | 1h | $684K | $16K | 10x | as long as short |
| Bullet MU-USD | −0.022% | 0.0000% | 1h | $25K | $399K | 10x | as long as short |
| Lighter RH MU | −0.019% | +0.0032% | 1h | $1.1M | $4.2M | 10x | as long as short |
| Paradex MU-USD-PERP | −0.018% | +0.0056% | 8h | $2K | — | 5x | as long as short |
| QFEX MU-USD | −0.015% | +0.0037% | 1h | $7.9M | $22.6M | 10x | as long as short |
| RISEx MU/USDC | −0.014% | +0.0145% | 1h | $285K | $317K | 20x | as long as short |
| Bitget MUUSDT | −0.007% | +0.0095% | 8h | $20.1M | $38.3M | 50x | as long as short |
| tradeXYZ xyz:MU | −0.001% | +0.0060% | 1h | $178.2M | $95.2M | 10x | as long as short |
| Lighter MUlong | 0.000% | +0.0032% | 1h | $1.0M | $4.6M | 20x | |
| OKX MU-USDT-SWAP | +0.006% | 0.0000% | 8h | $30.8M | $93.9M | 50x | as long as short |
| Variational Omni MU | +0.007% | +0.0031% | 8h | $2.7M | $2.6M | — | as long as short |
| Binance MUUSDT | +0.009% | +0.0052% | 8h | $128.4M | $471.6M | 50x | as long as short |
| Vest MU-USD-PERP | +0.014% | +0.0046% | 1h | — | $172K | 25x | as long as short |
| Aster MUUSD1 | +0.017% | 0.0000% | 8h | $21.5M | $14.8M | 20x | as long as short |
| Bybit MUUSDT | +0.027% | +0.0020% | 8h | $18.2M | $28.9M | 100x | as long as short |
| BloFin MU-USDT | +0.033% | +0.0169% | 8h | $1.5M | $1.6M | 20x | as long as short |
| SunX MU-USDT | +0.090% | 0.0000% | 8h | $11K | $6.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.767% | +0.0033% | 1h | $14K | $66K | 12x | as long as short |