Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Ondo Perps+0.010%55s7-day average +0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 7 days+0.362%+$36 · spread now +0.010%, 7d avg +0.061%
=Together, before fees+0.520%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$52 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 Lighter is 0.051% cheaper against Ondo Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MU-USD.P | 1,049.3 | 0.0050 | pay 0.0006% / 1h | 13m 45s | $1.9M | $2.3M | 10x |
| Short | Lighter MU | 1,049.4 | 0.0032 | get 0.0004% / 1h | 13m 45s | $1.1M | $4.8M | 20x |
Ondo Perps MU-USD.P
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: +0.010% → +0.061%
- −$5.05
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.92
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.52 bp | 0.6 bp −$1 | 1.6 bp −$16 | 24.3 bp −$2,432 | doesn't fit |
Ondo Perps: 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 on 36 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 | −0.0876% | 4h | 1,049.5 | +0.016% | $1.3M | $672K | 10x | as long as short |
| Nado MU-PERP | −0.0004% | 1h | 1,049.7 | +0.036% | $277K | $854K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.2 | +0.085% | $19.2M | $32.6M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.9 | +0.053% | $62.1M | $27.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.6 | +0.027% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,050.2 | +0.081% | $25K | $394K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.4 | +0.197% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.8 | +0.042% | $66K | $342K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.7 | +0.040% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.7 | +0.032% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Bybit MUUSDT
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MUshort | +0.0032% | 1h | 1,049.4 | +0.010% | $1.1M | $4.8M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,049.5 | +0.017% | $1.2M | $4.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.2 | −0.007% | $567K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.8 | +0.047% | $7.4M | $19.3M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.7 | +0.036% | $71K | $236K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.8 | +0.140% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,049.5 | +0.017% | $178.2M | $99.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.8 | +0.046% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050 | +0.060% | $689K | $16K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0050% | 8h | 1,049.5 | +0.018% | $30.8M | $100.5M | 50x | as long as short |
| Ondo Perps MU-USD.Plong | +0.0050% | 1h | 1,049.3 | long leg | $1.9M | $2.3M | 10x | |
| GRVT MU_USDT_Perp | +0.0056% | 8h | 1,049.8 | +0.047% | $81K | $1.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0061% | 8h | 1,049.7 | +0.038% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.5 | +0.015% | $148K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.8 | +0.043% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,049.9 | +0.051% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.1 | +0.074% | $835 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.194% | $19K | $5K | 12x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,049.7 | +0.036% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.091% | $757K | $1.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0145% | 8h | 1,049.9 | +0.058% | $21.6M | $51.7M | 20x | as long as short |
| Variational Omni MU | +0.0171% | 8h | 1,049.8 | +0.046% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0186% | 8h | 1,049.8 | +0.043% | $126.4M | $523.1M | 50x | as long as short |
| Bitget MUUSDT | +0.0224% | 8h | 1,050 | +0.063% | $20.6M | $41.9M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.2 | +0.084% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,050.2 | +0.088% | $334K | $349K | 20x | as long as short |
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
OKX MU-USDT-SWAP
GRVT MU_USDT_Perp
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
RISEx MU/USDC