Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.030%
Price spread now: HTX against Lighter−0.047%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.047%, 7d avg +0.016%
=Together, before fees−0.160%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.063% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,045.6 | 0.0032 | pay 0.0004% / 1h | 39m 03s | $1.1M | $5.1M | 20x |
| Short | HTX MU-USDT | 1,045.1 | 0 | get 0.0000% / 8h | 3h 39m | $130K | $432K | 50x |
Lighter MU
HTX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$6.72
- Price spread: −0.047% → +0.016%
- −$6.28
- Slippage, 4 orders
- −$8.54
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$33.54
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; HTX: live order book, 14 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, 9 min ago | 0.38 bp | 0.4 bp $0 | 0.5 bp −$5 | 21.0 bp −$2,096 | doesn't fit |
| Sell HTX live order book, 14 min ago | 2.81 bp | 9.2 bp −$9 | 9.2 bp −$92 | 14.0 bp −$1,402 | 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 | −0.0477% | 4h | 1,047.4 | +0.172% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,045.8 | +0.017% | $21.2M | $56.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,045.8 | +0.022% | $125.2M | $518.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046 | +0.042% | $18.8M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,045.9 | +0.027% | $31.1M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,046.1 | +0.051% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.5 | −0.007% | $62.1M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,046.2 | +0.054% | $20.4M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,047.2 | +0.156% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,047.1 | +0.141% | $81K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,046.9 | +0.127% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.5 | +0.084% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDTshort | 0.0000% | 8h | 1,045.1 | −0.047% | $130K | $432K | 50x | |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047 | +0.133% | $3K | $44K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0027% | 1h | 1,045.4 | −0.019% | $73K | $468K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,045.8 | +0.015% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MUlong | +0.0032% | 1h | 1,045.6 | long leg | $1.1M | $5.1M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,045.5 | −0.009% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,045.4 | −0.018% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.552% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,046.9 | +0.127% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.6 | +0.097% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,045.3 | −0.028% | $177.2M | $96.4M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.6 | +0.001% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.6 | 0.000% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.1 | −0.043% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,046.2 | +0.059% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0054% | 1h | 1,045.3 | −0.026% | $281K | $828K | 10x | as long as short |
| Bullet MU-USD | +0.0065% | 1h | 1,045.7 | +0.011% | $25K | $395K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,045.2 | −0.038% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.7 | +0.012% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.4 | −0.016% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,047.5 | +0.186% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.5 | −0.007% | $831 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0119% | 8h | 1,046.1 | +0.044% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.425% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.1 | +0.240% | $536K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Aftermath Perps MUUSD
Deribit MU_USDC-PERPETUAL
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU