Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.001%
Price spread now: Lighter against Paradex+0.012%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MU-USD-PERP | 1,038.1 | 0.0050 | pay 0.0050% / 8h | 7m 13s | $2K | — | 5x |
| Short | Lighter MU | 1,038.2 | 0.0032 | get 0.0004% / 1h | 7m 13s | $1.0M | $4.9M | 20x |
Paradex MU-USD-PERP
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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: +0.012% → 0.000%
- $1.25
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.61
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 6 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.77 bp | 0.8 bp −$1 | 0.9 bp −$9 | 18.3 bp −$1,829 | doesn't fit |
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 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 | −0.0764% | 4h | 1,037.8 | −0.024% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0143% | 8h | 1,038.6 | +0.050% | $20.2M | $39.9M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.4 | +0.036% | $21.2M | $67.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.4 | +0.034% | $122.5M | $536.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.4 | +0.036% | $18.8M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.3 | +0.020% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.3 | +0.027% | $313K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.2 | +0.011% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.8 | −0.028% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.9 | −0.012% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit 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 | 1,038.2 | +0.018% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.9 | +0.176% | $11K | $5.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.2 | +0.018% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0007% | 1h | 1,038.3 | +0.024% | $25K | $388K | 10x | as long as short |
| Nado MU-PERP | +0.0016% | 1h | 1,037.8 | −0.026% | $280K | $804K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038.4 | +0.034% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038.1 | +0.005% | $7.0M | $18.7M | 10x | as long as short |
| Lighter MUshort | +0.0032% | 1h | 1,038.2 | +0.012% | $1.0M | $4.9M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,038.1 | +0.002% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.7 | −0.029% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.282% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | −0.025% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.4 | +0.033% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.1 | +0.005% | $176.3M | $80.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.2 | +0.014% | $168K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.3 | +0.019% | $681K | $15K | 10x | as long as short |
| Paradex MU-USD-PERPlong | +0.0050% | 8h | 1,038.1 | long leg | $2K | — | 5x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.8 | −0.021% | $1.8M | $2.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0068% | 1h | 1,038.1 | +0.003% | $74K | $620K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038 | −0.006% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.3 | +0.028% | $726K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.8 | −0.028% | $144K | $191K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | −0.005% | $5.2M | $4.1M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038 | −0.007% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.3 | +0.020% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.3 | +0.028% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.7 | +0.063% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-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
Deribit MU_USDC-PERPETUAL
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