After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.055%7d average+0.018%fees + slippage, in and out−$18spread needed0.185%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MU | 1,045.5 | 0.0032 | pay 0.0004% / 1h | 28m 07s | $1.3M | $3.2M | 10x |
| Short | Binance MUUSDT | 1,046.1 | 0.0053 | get 0.0053% / 8h | 2h 28m | $129.6M | $216.8M | 50x |
Lighter RH MU
Binance MUUSDTPrice 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
- $5.47
- Funding while held
- $0.63
- Slippage, 4 orders
- −$8.46
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.35
- Spread needed to break even
- 0.185%
Slippage from Lighter RH: live order book, 2 min ago; Binance: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0021%
- Per $10,000 a day
- +$0.63
- 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 RH live order book, 2 min ago | 1.96 bp | 3.0 bp −$3 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.05 bp | 7.0 bp −$7 | 8.8 bp −$88 | 13.9 bp −$1,386 | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni1,040.4cheapestedgeX1,040.6+0.019%Aftermath Perps1,041.6+0.107%ApeX Omni1,043.4+0.283%Arcus1,044.3+0.374%Polymarket Perps1,044.7+0.409%Ondo Perps1,044.9+0.430%KuCoin1,044.9+0.430%RISEx1,045+0.440%Phoenix1,045.1+0.448%QFEX1,045.1+0.451%Pacifica1,045.2+0.453%
Variational Omni
ApeX Omni
Arcus
Polymarket Perps
Ondo Perps
KuCoin
RISEx
Phoenix
QFEX
PacificaLighter RH1,045.5+0.489%
Gate1,045.5+0.490%Extended1,045.6+0.497%Vest1,045.6+0.499%Nado1,045.7+0.501%Paradex1,045.8+0.515%Aster1,045.9+0.523%Injective1,045.9+0.526%tradeXYZ1,046+0.534%Lighter1,046.1+0.541%
Gate
Extended
Vest
Nado
Paradex
Aster
Injective
tradeXYZ
LighterBinance1,046.1+0.544%
OKX1,046.1+0.547%BloFin1,046.1+0.547%Bitget1,046.1+0.548%Bybit1,046.2+0.550%StandX1,046.2+0.554%Orderly1,046.3+0.561%Deribit1,046.4+0.572%Bullet1,046.4+0.573%SoDEX1,047+0.625%Coinbase International1,047+0.630%HTX1,047.3+0.657%Aevo1,047.7+0.698%SunX1,047.8+0.704%
OKX
BloFin
Bitget
Bybit
StandX
Orderly
Deribit
Bullet
SoDEX
Coinbase International
HTX
Aevo
SunXMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MU | −0.487% | +0.0033% | 8h | $2.5M | $1.9M | — | as long as short |
| edgeX MUUSDC | −0.468% | +0.0019% | 4h | $1.3M | $265K | 10x | as long as short |
| Aftermath Perps MUUSD | −0.380% | +0.0032% | 1h | $3K | $41K | 10x | as long as short |
| ApeX Omni MUUSDT | −0.205% | +0.0100% | 1h | $71K | $266K | 50x | as long as short |
| Arcus MU-USD | −0.115% | +0.0040% | 1h | $66K | $160K | 10x | as long as short |
| Polymarket Perps MU-USD | −0.079% | +0.0050% | 1h | $166K | $153K | 10x | as long as short |
| Ondo Perps MU-USD.P | −0.058% | +0.0050% | 1h | $2.0M | $2.2M | 10x | as long as short |
| KuCoin MUUSDTM | −0.058% | +0.0100% | 8h | $5.3M | $1.5M | 20x | as long as short |
| RISEx MU/USDC | −0.049% | +0.0210% | 1h | $311K | $243K | 20x | as long as short |
| Phoenix MU | −0.041% | +0.0309% | 1h | $532K | $153K | 15x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX MU-USD | −0.038% | +0.0042% | 1h | $7.8M | $20.5M | 10x | as long as short |
| Pacifica MU | −0.035% | +0.0100% | 1h | $152K | $85K | 10x | as long as short |
| Lighter RH MUlong | 0.000% | +0.0032% | 1h | $1.3M | $3.2M | 10x | |
| Gate MU_USDT | +0.001% | 0.0000% | 8h | $67.1M | $14.4M | 75x | as long as short |
| Extended MU_24_5-USD | +0.008% | +0.0032% | 1h | $526K | $822K | 10x | as long as short |
| Vest MU-USD-PERP | +0.010% | +0.0046% | 1h | — | $46K | 25x | as long as short |
| Nado MU-PERP | +0.012% | +0.0104% | 1h | $245K | $365K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.026% | +0.0064% | 8h | $2K | — | 5x | as long as short |
| Aster MUUSD1 | +0.033% | 0.0000% | 8h | $21.5M | $7.0M | 20x | as long as short |
| Injective MU/USDC PERP | +0.036% | +0.0033% | 1h | $15K | $225K | 12x | as long as short |
| tradeXYZ xyz:MU | +0.045% | +0.0136% | 1h | $173.3M | $67.9M | 10x | as long as short |
| Lighter MU | +0.052% | +0.0040% | 1h | $984K | $2.9M | 20x | as long as short |
| Binance MUUSDTshort | +0.055% | +0.0053% | 8h | $129.6M | $216.8M | 50x | |
| OKX MU-USDT-SWAP | +0.057% | 0.0000% | 8h | $30.3M | $50.3M | 50x | as long as short |
| BloFin MU-USDT | +0.057% | +0.0173% | 8h | $1.5M | $1.1M | 20x | as long as short |
| Bitget MUUSDT | +0.058% | +0.0095% | 8h | $20.5M | $17.6M | 50x | as long as short |
| Bybit MUUSDT | +0.060% | 0.0000% | 8h | $18.8M | $15.8M | 100x | as long as short |
| StandX MU-USD | +0.065% | 0.0000% | 1h | $190K | $647K | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.072% | +0.0100% | 8h | $160 | — | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.082% | +0.0113% | 1h | $52K | $70K | 10x | as long as short |
| Bullet MU-USD | +0.083% | +0.0134% | 1h | $25K | $396K | 10x | as long as short |
| SoDEX MU-USD | +0.136% | +0.0314% | 1h | $694K | $8K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.141% | +0.0208% | 1h | $869K | $1.2M | 10x | as long as short |
| HTX MU-USDT | +0.167% | 0.0000% | 8h | $138K | $351K | 50x | as long as short |
| Aevo MU-PERP | +0.208% | +0.0096% | 1h | $34K | — | 10x | as long as short |
| SunX MU-USDT | +0.214% | 0.0000% | 8h | $11K | $3.2M | 10x | as long as short |