Funding you earn now, next payment 11:00 UTC−0.0118%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.011%
Price spread now: QFEX against Lighter−0.014%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Funding, last 4 days (all we have)−0.025%−$3 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now −0.014%, 7d avg −0.015%
=Together, before fees−0.048%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,038.9 | 0.0176 | pay 0.0022% / 1h | 45m 05s | $1.0M | $5.0M | 20x |
| Short | QFEX MU-USD | 1,038.8 | 0.0058 | get 0.0007% / 1h | 45m 05s | $7.0M | $19.3M | 10x |
Lighter MU
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$24.86
- Price spread: −0.014% → −0.015%
- $0.02
- Slippage, 4 orders
- −$3.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$38.09
- Costs to cover
- 0.132%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; QFEX: live order book, 7 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, 6 min ago | 0.48 bp | 0.5 bp $0 | 0.9 bp −$9 | 16.8 bp −$1,685 | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 10.2 bp −$1,017 | doesn't fit |
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 | −0.0300% | 4h | 1,039.7 | +0.069% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.4 | +0.049% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.1 | +0.018% | $121.6M | $555.5M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039 | +0.007% | $29.7M | $107.8M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.9 | +0.001% | $61.4M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.2 | +0.030% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.013% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.6 | +0.067% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.184% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.1 | −0.076% | $34K | $725K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.9 | −0.002% | $119K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.8 | −0.009% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.196% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,039 | +0.011% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040 | +0.104% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.7 | −0.022% | $169K | $171K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,039 | +0.010% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.147% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDshort | +0.0058% | 1h | 1,038.8 | −0.014% | $7.0M | $19.3M | 10x | |
| Bybit MUUSDT | +0.0069% | 8h | 1,039.3 | +0.039% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,038.7 | −0.023% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.5 | −0.041% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.6 | −0.032% | $150K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.7 | −0.026% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.8 | +0.085% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.9 | 0.000% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.2 | +0.030% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.2 | +0.030% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0122% | 1h | 1,038.3 | −0.057% | $276K | $841K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038.4 | −0.053% | $90K | $148K | 10x | as long as short |
| Lighter MUlong | +0.0176% | 1h | 1,038.9 | long leg | $1.0M | $5.0M | 20x | |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,038.5 | −0.044% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0204% | 1h | 1,039.2 | +0.024% | $24K | $385K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0221% | 8h | 1,040.4 | +0.145% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0237% | 1h | 1,038.9 | −0.003% | $177.2M | $75.7M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.141% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0328% | 1h | 1,038.4 | −0.054% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD