Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.016%
Price spread now: Bybit against Lighter RH−0.003%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.003%, 7d avg +0.053%
=Together, before fees+0.115%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MU | 1,038.4 | 0.0032 | pay 0.0004% / 1h | 2m 16s | $1.1M | $4.5M | 10x |
| Short | Bybit MUUSDT | 1,038.4 | 0 | get 0.0000% / 8h | 2m 16s | $18.8M | $32.2M | 100x |
Lighter RH MU
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter RH. 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
- −$6.72
- Price spread: −0.003% → +0.053%
- −$5.59
- Slippage, 4 orders
- −$5.98
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.29
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; Bybit: live order book, 1 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 RH live order book, 1 min ago | 1.35 bp | 1.7 bp −$2 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.24 bp | 6.9 bp −$7 | 10.1 bp −$101 | 30.1 bp −$3,015 | 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 | −0.0555% | 4h | 1,038.3 | −0.010% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0128% | 8h | 1,038.6 | +0.020% | $20.2M | $39.9M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.5 | +0.013% | $21.2M | $67.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.4 | −0.001% | $122.5M | $536.7M | 50x | as long as short |
| Bybit MUUSDTshort | 0.0000% | 8h | 1,038.4 | −0.003% | $18.8M | $32.2M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.2 | −0.014% | $29.8M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.6 | +0.018% | $312K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.3 | −0.009% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.3 | −0.008% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.4 | +0.006% | $80K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,038.7 | +0.033% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.7 | +0.128% | $11K | $5.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.1 | −0.023% | $74K | $621K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.4 | −0.001% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0006% | 1h | 1,038.4 | +0.002% | $24K | $388K | 10x | as long as short |
| Nado MU-PERP | +0.0018% | 1h | 1,038.2 | −0.016% | $280K | $802K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,038.5 | +0.015% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038.5 | +0.008% | $7.0M | $18.7M | 10x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,038.4 | long leg | $1.1M | $4.5M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.7 | −0.062% | $544K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.250% | $19K | $5K | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,038.5 | +0.014% | $1.0M | $4.9M | 20x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.9 | −0.043% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.6 | +0.022% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.3 | −0.008% | $176.4M | $80.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.2 | −0.017% | $168K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.3 | −0.013% | $681K | $15K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,038.4 | +0.002% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.6 | −0.077% | $1.9M | $2.7M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038 | −0.032% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.3 | −0.004% | $726K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.1 | −0.028% | $145K | $191K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.1 | −0.029% | $5.2M | $4.2M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | +0.010% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.4 | 0.000% | $826 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.5 | +0.015% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.4 | +0.002% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Extended MU_24_5-USD
Injective MU/USDC PERP
Lighter MU
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU