Spread before costs (cost unknown: a leg has no order-book sample)+0.015%
7d average—if it closes, per $10,000$2funding while held, a day+$0.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,047.3 | 0.0048 | pay 0.0006% / 1h | 3m 55s | $986K | $4.6M | 20x |
| Short | Paradex MU-USD-PERP | 1,047.5 | 0.0052 | get 0.0052% / 8h | 5h 03m | $2K | — | 5x |
Lighter MU
Paradex MU-USD-PERPPrice 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
- $1.52
- Funding while held
- $0.11
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$2.37
- Spread needed to break even
- 0.040%
Slippage unknown: Lighter: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.11
- 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, 5 min ago | 0.53 bp | 0.5 bp −$1 | 1.0 bp −$10 | 8.7 bp −$869 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni1,044.4cheapestCoinbase International1,045+0.051%Phoenix1,045.3+0.082%Aftermath Perps1,045.5+0.099%Variational Omni1,045.6+0.115%edgeX1,045.8+0.134%StandX1,045.9+0.141%Extended1,046.4+0.187%Nado1,046.8+0.223%KuCoin1,046.8+0.226%HTX1,046.8+0.226%OKX1,046.8+0.228%Ondo Perps1,046.8+0.230%Gate1,046.9+0.236%Bitget1,046.9+0.236%BloFin1,046.9+0.237%Aevo1,047+0.243%Pacifica1,047+0.247%Binance1,047+0.247%Arcus1,047.1+0.256%Bybit1,047.1+0.258%SoDEX1,047.1+0.259%Deribit1,047.1+0.259%Lighter RH1,047.2+0.259%Aster1,047.2+0.262%tradeXYZ1,047.2+0.264%Polymarket Perps1,047.2+0.264%
ApeX Omni
Coinbase International
Phoenix
Variational Omni
StandX
Extended
Nado
KuCoin
HTX
OKX
Ondo Perps
Gate
Bitget
BloFin
Aevo
Pacifica
Binance
Arcus
Bybit
SoDEX
Deribit
Lighter RH
Aster
tradeXYZ
Polymarket PerpsLighter1,047.3+0.278%
QFEX1,047.4+0.282%Bullet1,047.4+0.283%Orderly1,047.5+0.288%
QFEX
Bullet
OrderlyParadex1,047.5+0.293%
RISEx1,047.6+0.306%Vest1,048+0.337%SunX1,048.9+0.429%Injective1,050.7+0.600%
RISEx
Vest
SunX
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MUUSDT | −0.277% | +0.0100% | 1h | $71K | $267K | 50x | as long as short |
| Coinbase International MU-PERP-INTX | −0.226% | +0.0144% | 1h | $783K | $1.7M | 10x | as long as short |
| Phoenix MU | −0.195% | +0.0154% | 1h | $530K | $192K | 15x | as long as short |
| Aftermath Perps MUUSD | −0.178% | +0.0154% | 1h | $3K | $43K | 10x | as long as short |
| Variational Omni MU | −0.162% | 0.0000% | 8h | $2.7M | $2.7M | — | as long as short |
| edgeX MUUSDC | −0.144% | +0.0550% | 4h | $1.3M | $673K | 10x | as long as short |
| StandX MU-USD | −0.137% | 0.0000% | 1h | $189K | $2.8M | 20x | as long as short |
| Extended MU_24_5-USD | −0.090% | +0.0032% | 1h | $526K | $1.0M | 10x | as long as short |
| Nado MU-PERP | −0.055% | +0.0093% | 1h | $335K | $782K | 10x | as long as short |
| KuCoin MUUSDTM | −0.052% | +0.0100% | 8h | $5.2M | $3.8M | 20x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX MU-USDT | −0.052% | 0.0000% | 8h | $125K | $443K | 50x | as long as short |
| OKX MU-USDT-SWAP | −0.050% | 0.0000% | 8h | $31.1M | $99.6M | 50x | as long as short |
| Ondo Perps MU-USD.P | −0.048% | +0.0050% | 1h | $1.9M | $2.5M | 10x | as long as short |
| Gate MU_USDT | −0.042% | 0.0000% | 8h | $64.2M | $27.5M | 75x | as long as short |
| Bitget MUUSDT | −0.042% | +0.0022% | 8h | $20.1M | $40.3M | 50x | as long as short |
| BloFin MU-USDT | −0.040% | +0.0120% | 8h | $1.5M | $1.8M | 20x | as long as short |
| Aevo MU-PERP | −0.034% | +0.0080% | 1h | $34K | — | 10x | as long as short |
| Pacifica MU | −0.031% | +0.0100% | 1h | $147K | $161K | 10x | as long as short |
| Binance MUUSDT | −0.031% | 0.0000% | 8h | $126.0M | $509.0M | 50x | as long as short |
| Arcus MU-USD | −0.022% | +0.0040% | 1h | $63K | $236K | 10x | as long as short |
| Bybit MUUSDT | −0.020% | 0.0000% | 8h | $18.1M | $30.0M | 100x | as long as short |
| SoDEX MU-USD | −0.019% | +0.0050% | 1h | $687K | $16K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | −0.019% | +0.0084% | 1h | $55K | $142K | 10x | as long as short |
| Lighter RH MU | −0.018% | +0.0032% | 1h | $1.1M | $4.3M | 10x | as long as short |
| Aster MUUSD1 | −0.015% | 0.0000% | 8h | $21.5M | $26.7M | 20x | as long as short |
| tradeXYZ xyz:MU | −0.013% | +0.0068% | 1h | $178.5M | $97.3M | 10x | as long as short |
| Polymarket Perps MU-USD | −0.013% | +0.0050% | 1h | $165K | $159K | 10x | as long as short |
| Lighter MUlong | 0.000% | +0.0048% | 1h | $986K | $4.6M | 20x | |
| QFEX MU-USD | +0.005% | +0.0031% | 1h | $7.9M | $23.1M | 10x | as long as short |
| Bullet MU-USD | +0.006% | +0.0002% | 1h | $26K | $398K | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.011% | +0.0100% | 8h | $833 | $799 | 20x | as long as short |
| Paradex MU-USD-PERPshort | +0.015% | +0.0052% | 8h | $2K | — | 5x | |
| RISEx MU/USDC | +0.029% | 0.0000% | 1h | $288K | $327K | 20x | as long as short |
| Vest MU-USD-PERP | +0.059% | +0.0046% | 1h | — | $175K | 25x | as long as short |
| SunX MU-USDT | +0.151% | 0.0000% | 8h | $11K | $6.7M | 10x | as long as short |
| Injective MU/USDC PERP | +0.322% | +0.0033% | 1h | $14K | $302 | 12x | as long as short |