Spread before costs (cost unknown: a leg has no order-book sample)+0.337%
7d average—if it closes, per $10,000$34funding while held, a day+$0.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH MU | 1,040.9 | 0.0032 | pay 0.0004% / 1h | 26m 09s | $1.3M | $3.4M | 10x |
| Short | Paradex MU-USD-PERP | 1,044.4 | 0.0064 | get 0.0064% / 8h | 2h 26m | $2K | — | 5x |
Lighter RH MU
Paradex MU-USD-PERPPrice 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
- $33.67
- Funding while held
- $0.97
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $30.64
- Spread needed to break even
- 0.040%
Slippage unknown: Lighter RH: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0032%
- Per $10,000 a day
- +$0.97
- 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, 4 min ago | 1.96 bp | 3.0 bp −$3 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MU price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni1,040.4cheapest
Variational OmniLighter RH1,040.9+0.046%
Deribit1,041.4+0.091%Nado1,041.8+0.135%Bitget1,042.4+0.188%Aftermath Perps1,042.4+0.190%Extended1,042.4+0.191%Arcus1,042.8+0.228%Orderly1,042.8+0.229%SunX1,043+0.250%Vest1,043.1+0.256%KuCoin1,043.3+0.273%Aster1,043.3+0.276%QFEX1,043.5+0.289%Gate1,043.5+0.293%Aevo1,043.5+0.294%RISEx1,043.5+0.296%tradeXYZ1,043.7+0.313%Binance1,043.7+0.318%Bybit1,043.8+0.326%Polymarket Perps1,044+0.342%Pacifica1,044.2+0.360%Bullet1,044.2+0.364%HTX1,044.3+0.367%Ondo Perps1,044.3+0.374%
Deribit
Nado
Bitget
Extended
Arcus
Orderly
SunX
Vest
KuCoin
Aster
QFEX
Gate
Aevo
RISEx
tradeXYZ
Binance
Bybit
Polymarket Perps
Pacifica
Bullet
HTX
Ondo PerpsParadex1,044.4+0.383%
Lighter1,044.5+0.388%Phoenix1,044.9+0.428%edgeX1,045.4+0.476%ApeX Omni1,045.6+0.492%Injective1,045.9+0.526%Coinbase International1,046.4+0.568%OKX1,046.4+0.571%SoDEX1,046.8+0.609%StandX1,047.1+0.640%BloFin1,048.7+0.793%
Lighter
Phoenix
ApeX Omni
Injective
Coinbase International
OKX
SoDEX
StandX
BloFinMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MU | −0.046% | +0.0033% | 8h | $2.5M | $1.9M | — | as long as short |
| Lighter RH MUlong | 0.000% | +0.0032% | 1h | $1.3M | $3.4M | 10x | |
| Deribit MU_USDC-PERPETUAL | +0.045% | 0.0000% | 1h | $52K | $71K | 10x | as long as short |
| Nado MU-PERP | +0.089% | +0.0103% | 1h | $252K | $453K | 10x | as long as short |
| Bitget MUUSDT | +0.142% | +0.0096% | 8h | $21.1M | $19.5M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.144% | +0.0031% | 1h | $3K | $41K | 10x | as long as short |
| Extended MU_24_5-USD | +0.145% | +0.0032% | 1h | $536K | $839K | 10x | as long as short |
| Arcus MU-USD | +0.182% | +0.0040% | 1h | $66K | $163K | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.183% | +0.0100% | 8h | $833 | $799 | 20x | as long as short |
| SunX MU-USDT | +0.204% | 0.0000% | 8h | $11K | $3.3M | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.210% | +0.0046% | 1h | — | $47K | 25x | as long as short |
| KuCoin MUUSDTM | +0.227% | +0.0100% | 8h | $5.3M | $1.9M | 20x | as long as short |
| Aster MUUSD1 | +0.230% | 0.0000% | 8h | $21.5M | $7.1M | 20x | as long as short |
| QFEX MU-USD | +0.243% | +0.0042% | 1h | $7.7M | $20.5M | 10x | as long as short |
| Gate MU_USDT | +0.247% | 0.0000% | 8h | $67.2M | $15.4M | 75x | as long as short |
| Aevo MU-PERP | +0.248% | +0.0096% | 1h | $33K | — | 10x | as long as short |
| RISEx MU/USDC | +0.250% | +0.0210% | 1h | $311K | $269K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.267% | +0.0133% | 1h | $173.2M | $68.9M | 10x | as long as short |
| Binance MUUSDT | +0.272% | +0.0051% | 8h | $129.3M | $238.5M | 50x | as long as short |
| Bybit MUUSDT | +0.280% | 0.0000% | 8h | $18.7M | $18.3M | 100x | as long as short |
| Polymarket Perps MU-USD | +0.296% | +0.0050% | 1h | $166K | $153K | 10x | as long as short |
| Pacifica MU | +0.314% | +0.0100% | 1h | $152K | $85K | 10x | as long as short |
| Bullet MU-USD | +0.318% | +0.0131% | 1h | $25K | $396K | 10x | as long as short |
| HTX MU-USDT | +0.321% | 0.0000% | 8h | $137K | $364K | 50x | as long as short |
| Ondo Perps MU-USD.P | +0.328% | +0.0050% | 1h | $2.0M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERPshort | +0.337% | +0.0064% | 8h | $2K | — | 5x | |
| Lighter MU | +0.342% | +0.0040% | 1h | $982K | $3.4M | 20x | as long as short |
| Phoenix MU | +0.382% | +0.0309% | 1h | $531K | $153K | 15x | as long as short |
| edgeX MUUSDC | +0.430% | +0.0860% | 4h | $1.3M | $466K | 10x | as long as short |
| ApeX Omni MUUSDT | +0.446% | +0.0100% | 1h | $71K | $266K | 50x | as long as short |
| Injective MU/USDC PERP | +0.479% | +0.0033% | 1h | $15K | $225K | 12x | as long as short |
| Coinbase International MU-PERP-INTX | +0.522% | +0.0208% | 1h | $868K | $1.2M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.525% | 0.0000% | 8h | $30.4M | $54.4M | 50x | as long as short |
| SoDEX MU-USD | +0.563% | +0.0285% | 1h | $694K | $8K | 10x | as long as short |
| StandX MU-USD | +0.594% | 0.0000% | 1h | $190K | $649K | 20x | as long as short |
| BloFin MU-USDT | +0.746% | +0.0173% | 8h | $1.5M | $1.1M | 20x | as long as short |