After costs, if the gap returns to its 7d average, $10k−$12
spread now+0.021%7d average−0.029%fees + slippage, in and out−$17spread needed0.168%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,042.5 | 0.0032 | pay 0.0004% / 1h | 34m 44s | $1.0M | $4.6M | 20x |
| Short | Polymarket Perps MU-USD | 1,042.7 | 0.0050 | get 0.0006% / 1h | 34m 44s | $165K | $158K | 10x |
Price 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
- $2.11
- Funding while held
- $0.54
- Slippage, 4 orders
- −$8.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$14.12
- Spread needed to break even
- 0.168%
Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0018%
- Per $10,000 a day
- +$0.54
- 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 | 3.2 bp −$32 | 26.1 bp −$2,612 | doesn't fit |
| Sell Polymarket Perps live order book, 9 min ago | 3.36 bp | 7.6 bp −$8 | 8.4 bp −$84 | 9.8 bp −$976 | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.MU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MU-PERP-INTX | −0.221% | +0.0168% | 1h | $780K | $1.7M | 10x | as long as short |
| edgeX MUUSDC | −0.112% | +0.0788% | 4h | $1.3M | $670K | 10x | as long as short |
| Ondo Perps MU-USD.P | −0.074% | +0.0050% | 1h | $2.0M | $2.4M | 10x | as long as short |
| Aftermath Perps MUUSD | −0.069% | +0.0211% | 1h | $3K | $43K | 10x | as long as short |
| ApeX Omni MUUSDT | −0.045% | +0.0100% | 1h | $71K | $268K | 50x | as long as short |
| HTX MU-USDT | −0.045% | 0.0000% | 8h | $129K | $437K | 50x | as long as short |
| StandX MU-USD | −0.044% | 0.0000% | 1h | $188K | $2.1M | 20x | as long as short |
| Nado MU-PERP | −0.042% | +0.0109% | 1h | $334K | $772K | 10x | as long as short |
| Extended MU_24_5-USD | −0.031% | +0.0032% | 1h | $521K | $989K | 10x | as long as short |
| Pacifica MU | −0.027% | +0.0100% | 1h | $148K | $110K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MU | −0.012% | +0.0032% | 1h | $1.1M | $4.2M | 10x | as long as short |
| KuCoin MUUSDTM | −0.010% | +0.0100% | 8h | $5.2M | $3.7M | 20x | as long as short |
| Aevo MU-PERP | −0.002% | +0.0096% | 1h | $33K | — | 10x | as long as short |
| Lighter MUlong | 0.000% | +0.0032% | 1h | $1.0M | $4.6M | 20x | |
| Gate MU_USDT | +0.007% | 0.0000% | 8h | $65.2M | $25.0M | 75x | as long as short |
| SoDEX MU-USD | +0.007% | +0.0050% | 1h | $684K | $16K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.008% | +0.0038% | 1h | $55K | $96K | 10x | as long as short |
| BloFin MU-USDT | +0.010% | +0.0172% | 8h | $1.5M | $1.6M | 20x | as long as short |
| QFEX MU-USD | +0.011% | +0.0037% | 1h | $7.9M | $22.6M | 10x | as long as short |
| Polymarket Perps MU-USDshort | +0.021% | +0.0050% | 1h | $165K | $158K | 10x | |
| Variational Omni MU | +0.030% | +0.0031% | 8h | $2.7M | $2.6M | — | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.032% | +0.0100% | 8h | $829 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.032% | +0.0055% | 8h | $2K | — | 5x | as long as short |
| Bullet MU-USD | +0.033% | 0.0000% | 1h | $25K | $399K | 10x | as long as short |
| RISEx MU/USDC | +0.035% | +0.0145% | 1h | $285K | $317K | 20x | as long as short |
| Arcus MU-USD | +0.042% | +0.0073% | 1h | $57K | $216K | 10x | as long as short |
| Binance MUUSDT | +0.048% | +0.0052% | 8h | $128.4M | $471.6M | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.049% | 0.0000% | 8h | $30.8M | $94.0M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.050% | +0.0061% | 1h | $178.2M | $95.2M | 10x | as long as short |
| Bitget MUUSDT | +0.050% | +0.0095% | 8h | $20.1M | $38.3M | 50x | as long as short |
| Phoenix MU | +0.050% | +0.0232% | 1h | $529K | $192K | 15x | as long as short |
| Aster MUUSD1 | +0.054% | 0.0000% | 8h | $21.5M | $14.8M | 20x | as long as short |
| Vest MU-USD-PERP | +0.060% | +0.0046% | 1h | — | $172K | 25x | as long as short |
| Bybit MUUSDT | +0.061% | +0.0020% | 8h | $18.2M | $28.9M | 100x | as long as short |
| SunX MU-USDT | +0.132% | 0.0000% | 8h | $11K | $6.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.789% | +0.0033% | 1h | $14K | $66K | 12x | as long as short |
Lighter MU
Polymarket Perps MU-USD
Coinbase International
ApeX Omni
HTX
StandX
Extended
Pacifica
Lighter RH
KuCoin
Gate
SoDEX
Deribit
BloFin
Variational Omni
Paradex
Bullet
RISEx
Binance
OKX
tradeXYZ
Bitget
Phoenix
Aster
Bybit
SunX
Injective