Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Pacifica−0.015%57s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.198% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.015%, 7d avg +0.012%
=Together, before fees+0.076%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.026% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). 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. The two prices were read 57 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 | Pacifica MU | 1,039.1 | 0.0100 | pay 0.0013% / 1h | 16m 54s | $147K | $190K | 10x |
| Short | Lighter MU | 1,038.9 | 0.0032 | get 0.0004% / 1h | 16m 54s | $1.1M | $4.9M | 20x |
Pacifica MU
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- −$14.28
- Price spread: −0.015% → +0.012%
- −$2.65
- Slippage, 4 orders
- −$11.83
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.76
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 26 min ago; Lighter: live order book, 11 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 Pacifica live order book, 26 min ago | 2.90 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 0.29 bp | 0.3 bp $0 | 1.1 bp −$11 | 13.4 bp −$1,335 | 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 | −0.0529% | 4h | 1,038.7 | −0.038% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0173% | 8h | 1,039 | −0.009% | $20.2M | $40.4M | 50x | as long as short |
| Nado MU-PERP | −0.0009% | 1h | 1,039.3 | +0.018% | $279K | $814K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.3 | +0.024% | $21.1M | $60.8M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.9 | −0.014% | $122.0M | $538.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.9 | −0.018% | $18.7M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.8 | −0.026% | $29.8M | $100.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,039.4 | +0.026% | $314K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.9 | −0.023% | $61.6M | $28.7M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.2 | +0.012% | $2.5M | $2.6M | — | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Nado MU-PERP
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.8 | −0.028% | $84K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.8 | −0.028% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,039.1 | +0.004% | $25K | $390K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.5 | +0.132% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.9 | −0.021% | $74K | $571K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.7 | −0.038% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0012% | 1h | 1,038.5 | −0.056% | $3K | $44K | 10x | as long as short |
| Lighter MUshort | +0.0032% | 1h | 1,038.9 | −0.015% | $1.1M | $4.9M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,039.1 | −0.001% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038.5 | −0.054% | $537K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,039.1 | +0.004% | $7.0M | $18.7M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.180% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,038.4 | −0.066% | $90K | $250K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.5 | +0.041% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.6 | −0.048% | $176.4M | $86.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.9 | −0.019% | $169K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.9 | −0.019% | $682K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.9 | −0.017% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,039.4 | +0.029% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.6 | −0.044% | $32K | $1K | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,039.1 | long leg | $147K | $190K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.8 | −0.033% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.3 | +0.019% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.1 | −0.001% | $826 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.296% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.1 | 0.000% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039.4 | +0.029% | $532K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU