Funding you earn now, next payment 01:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.015%
Price spread now: Deribit against Lighter+0.037%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−$27as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 4 days (all we have)+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.037%, 7d avg −0.005%
=Together, before fees−0.043%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.042% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,053 | 0.0032 | pay 0.0004% / 1h | 47m 37s | $1.1M | $4.7M | 20x |
| Short | Deribit MU_USDC-PERPETUAL | 1,053.4 | 0.0168 | get 0.0021% / 1h | 47m 37s | $63K | $294K | 10x |
Lighter MU
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- $28.53
- Price spread: +0.037% → −0.005%
- $4.16
- Slippage, 4 orders
- −$24.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $1.45
- Costs to cover
- 0.312%
- Break-even
- 6.6 days
Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 26 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 Lighter live order book, 5 min ago | 1.05 bp | 1.0 bp −$1 | 3.0 bp −$30 | 28.6 bp −$2,860 | doesn't fit |
| Sell Deribit live order book, 26 min ago | 3.44 bp | 14.8 bp −$15 | 18.3 bp −$183 | 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 | −0.0892% | 4h | 1,050.2 | −0.263% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.9 | −0.016% | $63.1M | $28.5M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049 | −0.387% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.4 | +0.130% | $11K | $6.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.6 | −0.038% | $130K | $426K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,048.8 | −0.396% | $3K | $45K | 10x | as long as short |
| Lighter MUlong | +0.0032% | 1h | 1,053 | long leg | $1.1M | $4.7M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,052.9 | −0.014% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | −0.219% | $14K | $251 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,052.3 | −0.066% | — | $195K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,052.2 | −0.082% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,053 | −0.001% | $7.8M | $23.2M | 10x | as long as short |
| Nado MU-PERP | +0.0060% | 1h | 1,051.6 | −0.132% | $274K | $862K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0094% | 8h | 1,053 | −0.003% | $30.9M | $102.4M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,053 | −0.004% | $153K | $177K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.076% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.3 | −0.070% | $837 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0102% | 8h | 1,053.2 | +0.019% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,052.8 | −0.020% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0135% | 8h | 1,053.3 | +0.026% | $19.2M | $32.6M | 100x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0168% | 1h | 1,053.4 | +0.037% | $63K | $294K | 10x | |
| Variational Omni MU | +0.0177% | 8h | 1,049.9 | −0.294% | $2.7M | $2.4M | — | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,052.2 | −0.082% | $762K | $1.3M | 10x | as long as short |
| Aster MUUSD1 | +0.0199% | 8h | 1,051.6 | −0.135% | $21.6M | $47.8M | 20x | as long as short |
| Binance MUUSDT | +0.0206% | 8h | 1,053.1 | +0.006% | $126.2M | $527.2M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.5 | −0.244% | $71K | $242K | 10x | as long as short |
| Bitget MUUSDT | +0.0241% | 8h | 1,052.8 | −0.020% | $20.7M | $41.7M | 50x | as long as short |
| Polymarket Perps MU-USD | +0.0276% | 1h | 1,052 | −0.097% | $170K | $202K | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,053 | −0.005% | $317K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0315% | 8h | 1,050.8 | −0.213% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.3 | −0.258% | $537K | $306K | 15x | as long as short |
| SoDEX MU-USD | +0.0421% | 1h | 1,051.6 | −0.137% | $690K | $16K | 10x | as long as short |
| Bullet MU-USD | +0.0510% | 1h | 1,052.7 | −0.032% | $27K | $394K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0511% | 1h | 1,052.9 | −0.011% | $178.6M | $101.5M | 10x | as long as short |
| ApeX Omni MUUSDT | +0.0518% | 1h | 1,049.3 | −0.352% | $71K | $267K | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0533% | 8h | 1,048.8 | −0.404% | $83K | $1.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0536% | 1h | 1,052.3 | −0.066% | $551K | $1.1M | 10x | as long as short |
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Variational Omni MU
Coinbase International MU-PERP-INTX
Aster MUUSD1
Binance MUUSDT
Arcus MU-USD
Bitget MUUSDT
Polymarket Perps MU-USD
RISEx MU/USDC
BloFin MU-USDT
Phoenix MU
SoDEX MU-USD
Bullet MU-USD
tradeXYZ xyz:MU
ApeX Omni MUUSDT
GRVT MU_USDT_Perp
Extended MU_24_5-USD