MU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.037%

Price spread now: Coinbase International against Lighter RH−0.069%7-day average −0.013% · 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−$26as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.069%, 7d avg −0.013%

Together, before fees+0.352%+ Points / potential airdropLighter RH: Points live · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.056% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.013%). If the spread goes back, that is −$6 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,038.6	0.0032	pay 0.0004% / 1h	56m 00s	$1.1M	$4.4M	10x
Short	Coinbase International MU-PERP-INTX	1,037.9	0.0136	get 0.0017% / 1h	56m 00s	$727K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now −0.069%Rate

Funding earned: $21.84
Price spread: −0.069% → −0.013%: −$5.63
Slippage, 4 orders: −$10.15
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.93
Costs to cover: 0.201%
Break-even: 8.3 days

Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: 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, 5 min ago	1.88 bp	2.0 bp −$2	4.1 bp −$41	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.17 bp	7.2 bp −$7	7.9 bp −$79	56.7 bp −$5,666	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	−0.0364%	4h	1,040.4	+0.174%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.3	+0.071%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.8	+0.024%	$122.0M	$554.3M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039	+0.040%	$29.8M	$106.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.8	+0.015%	$61.3M	$27.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,038.9	+0.026%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,040.1	+0.147%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.1	+0.047%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.8	+0.213%	$11K	$4.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.2	−0.039%	$32K	$733K	10x	as long as short

Show 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	+0.027%	$119K	$473K	50x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,038.6	long leg	$1.1M	$4.4M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.229%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0037%	1h	1,039.1	+0.046%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,039.2	+0.062%	$298K	$334K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.3	+0.162%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.9	+0.029%	$169K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.9	+0.024%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	−0.065%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,038.9	+0.025%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,039.1	+0.049%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.4	−0.015%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0087%	8h	1,039	+0.041%	$18.8M	$32.2M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,039	+0.038%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.7	+0.010%	$5.2M	$6.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.9	+0.123%	$71K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.9	+0.029%	$826	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,038.7	+0.007%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.8	+0.111%	$1.5M	$2.7M	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0136%	1h	1,037.9	−0.069%	$727K	$1.2M	10x
Nado MU-PERP	+0.0141%	1h	1,038.6	+0.001%	$276K	$834K	10x	as long as short
GRVT MU_USDT_Perp	+0.0157%	8h	1,040.5	+0.180%	$73K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0186%	1h	1,038.7	+0.009%	$90K	$159K	10x	as long as short
Bullet MU-USD	+0.0221%	1h	1,039.1	+0.048%	$26K	$383K	10x	as long as short
tradeXYZ xyz:MU	+0.0240%	1h	1,038.8	+0.019%	$177.6M	$75.1M	10x	as long as short
Extended MU_24_5-USD	+0.0288%	1h	1,038	−0.058%	$551K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,041.5	+0.279%	$533K	$159K	15x	as long as short