MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter RH against Polymarket Perps+0.050%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Polymarket Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.050%, 7d avg +0.022%

Together, before fees−0.071%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.028% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.022%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,044.7	0.0050	pay 0.0006% / 1h	13m 08s	$169K	$191K	10x
Short	Lighter RH MU	1,045.2	0.0032	get 0.0004% / 1h	13m 08s	$1.2M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Polymarket Perps. 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 Polymarket PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$3.78
Price spread: +0.050% → +0.022%: $2.8
Slippage, 4 orders: −$9.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$18.11
Costs to cover: 0.171%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; Lighter RH: live order book, 5 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 Polymarket Perps live order book, 64 min ago	1.92 bp	7.8 bp −$8	7.9 bp −$79	9.7 bp −$973	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.48 bp	1.6 bp −$2	3.9 bp −$39	doesn't fit	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	−0.0712%	4h	1,045.6	+0.090%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.2	+0.047%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.2	+0.046%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.9	+0.211%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.9	+0.021%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,045	+0.026%	$3K	$45K	10x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,045.2	+0.050%	$1.2M	$4.3M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.575%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.4	+0.064%	—	$194K	25x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,044.7	long leg	$169K	$191K	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.2	+0.043%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.5	−0.018%	$2.0M	$2.7M	10x	as long as short
Lighter MU	+0.0064%	1h	1,045.1	+0.036%	$1.1M	$5.0M	20x	as long as short
OKX MU-USDT-SWAP	+0.0069%	8h	1,045.2	+0.052%	$30.8M	$104.5M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045	+0.026%	$7.9M	$23.9M	10x	as long as short
Bullet MU-USD	+0.0099%	1h	1,045.1	+0.042%	$25K	$394K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.7	+0.003%	$153K	$183K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045	+0.029%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.4	+0.067%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.3	+0.054%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,044.8	+0.012%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0113%	8h	1,045.4	+0.068%	$20.4M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,044.9	+0.022%	$33K	—	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0142%	1h	1,045.2	+0.044%	$62K	$284K	10x	as long as short
Nado MU-PERP	+0.0150%	1h	1,044.5	−0.016%	$271K	$875K	10x	as long as short
Aster MUUSD1	+0.0163%	8h	1,045.6	+0.090%	$21.5M	$47.3M	20x	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,045	+0.029%	$176.6M	$104.6M	10x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.8	+0.102%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,045.4	+0.071%	$124.3M	$531.1M	50x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,045.9	+0.113%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	+0.021%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0259%	8h	1,045.3	+0.058%	$19.2M	$32.4M	100x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,044.4	−0.026%	$546K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0306%	8h	1,045.4	+0.069%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.124%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,044.7	+0.003%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.5	+0.073%	$316K	$339K	20x	as long as short