MU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0102%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h −0.009%

Price spread now: Ondo Perps against Lighter−0.123%7-day average −0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 7 days−0.109%−$11 · spread now −0.123%, 7d avg −0.056%

Together, before fees−0.253%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.067% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MU	1,040.1	0.0152	pay 0.0019% / 1h	0m 09s	$1.0M	$5.1M	20x
Short	Ondo Perps MU-USD.P	1,038.9	0.0050	get 0.0006% / 1h	0m 09s	$1.9M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee Ondo PerpsbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$21.34
Price spread: −0.123% → −0.056%: −$6.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$33.08
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 6 min ago	0.48 bp	0.9 bp −$1	2.0 bp −$20	37.7 bp −$3,766	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 37 exchanges

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	−0.0723%	4h	1,039.3	−0.076%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.3	+0.021%	$21.2M	$73.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.2	+0.008%	$121.5M	$555.3M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.1	−0.001%	$29.6M	$107.9M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.4	+0.021%	$61.2M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.6	+0.049%	$19.9M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.6	−0.055%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039	−0.112%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.3	+0.212%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.3	+0.018%	$120K	$474K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,040.2	+0.008%	$1.2M	$4.6M	10x	as long as short
Aftermath Perps MUUSD	+0.0033%	1h	1,038.2	−0.183%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.080%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.1	+0.093%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.2	+0.007%	$168K	$178K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,038.9	−0.123%	$1.9M	$3.2M	10x
QFEX MU-USD	+0.0059%	1h	1,040.2	+0.003%	$7.0M	$19.2M	10x	as long as short
Bybit MUUSDT	+0.0078%	8h	1,040.5	+0.031%	$18.8M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.2	+0.009%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0081%	8h	1,040.2	+0.007%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,039.7	−0.046%	$147K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.8	−0.030%	$5.2M	$5.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.160%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.4	+0.029%	$827	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,039.8	−0.034%	$299K	$350K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040	−0.012%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0125%	1h	1,039.4	−0.073%	$277K	$842K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,039.9	−0.025%	$90K	$149K	10x	as long as short
SoDEX MU-USD	+0.0146%	1h	1,040.3	+0.019%	$683K	$13K	10x	as long as short
Lighter MUlong	+0.0152%	1h	1,040.1	long leg	$1.0M	$5.1M	20x
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,040.5	+0.037%	$741K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0194%	1h	1,040.1	−0.003%	$177.3M	$76.0M	10x	as long as short
Bullet MU-USD	+0.0213%	1h	1,040.5	+0.036%	$25K	$386K	10x	as long as short
GRVT MU_USDT_Perp	+0.0240%	8h	1,040	−0.012%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0308%	1h	1,040	−0.010%	$38K	$714K	10x	as long as short
Phoenix MU	+0.0310%	1h	1,039.4	−0.070%	$532K	$269K	15x	as long as short
Extended MU_24_5-USD	+0.0352%	1h	1,039.5	−0.065%	$553K	$1.1M	10x	as long as short