MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.042%

Price spread now: RISEx against Lighter+0.025%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$80.084% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.025%, 7d avg +0.030%

Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$1 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	1,052	0.0048	pay 0.0006% / 1h	34m 32s	$1.1M	$5.1M	20x
Short	RISEx MU/USDC	1,052.3	0	get 0.0000% / 1h	34m 32s	$333K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 RISExbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$10.08
Price spread: +0.025% → +0.030%: −$0.46
Slippage, 4 orders: −$2.38
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.91
Costs to cover: 0.084%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; RISEx: live order book, 24 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, 8 min ago	0.43 bp	0.4 bp $0	0.9 bp −$9	14.1 bp −$1,414	doesn't fit
Sell RISEx live order book, 24 min ago	0.76 bp	3.8 bp −$4	4.5 bp −$45	doesn't fit	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	−0.0619%	4h	1,052.1	+0.001%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052	−0.003%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,052.3	+0.025%	$333K	$348K	20x
Gate MU_USDT	0.0000%	8h	1,052	−0.006%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.027%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.016%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.2	+0.205%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.029%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0004%	8h	1,052.1	+0.010%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,052.3	+0.024%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0024%	8h	1,052.3	+0.022%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	+0.018%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	+0.002%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.5	−0.054%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.065%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.9	−0.012%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.003%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0043%	1h	1,052.3	+0.022%	$25K	$398K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.098%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.7	−0.032%	$282K	$842K	10x	as long as short
Lighter MUlong	+0.0048%	1h	1,052	long leg	$1.1M	$5.1M	20x
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.023%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.027%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.058%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.3	+0.022%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0054%	1h	1,052	−0.008%	$69K	$420K	10x	as long as short
Binance MUUSDT	+0.0067%	8h	1,052.2	+0.019%	$126.8M	$517.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0078%	1h	1,051.8	−0.023%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.009%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.9	−0.011%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.7	−0.032%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	−0.015%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.3	+0.027%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.021%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0112%	8h	1,052.2	+0.013%	$20.5M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0187%	8h	1,052.5	+0.043%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	+0.025%	$538K	$271K	15x	as long as short