Funding you earn now, next payment 05:00 UTC0.0000%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against QFEX+0.026%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$130.129% of the position
Funding, last 4 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now +0.026%, 7d avg +0.014%
=Together, before fees−0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,047.7 | 0.0032 | pay 0.0004% / 1h | 42m 08s | $7.1M | $17.9M | 10x |
| Short | Lighter MU | 1,048 | 0.0032 | get 0.0004% / 1h | 42m 08s | $1.1M | $5.1M | 20x |
QFEX MU-USD
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against QFEX. 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
- $0.1
- Price spread: +0.026% → +0.014%
- $1.2
- Slippage, 4 orders
- −$2.85
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.55
- Costs to cover
- 0.129%
- Break-even
- 809.1 days
Slippage from QFEX: live order book, 12 min ago; Lighter: live order book, 6 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 QFEX live order book, 12 min ago | 0.43 bp | 5.9 bp −$6 | 7.3 bp −$73 | 12.2 bp −$1,216 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.38 bp | 0.4 bp $0 | 1.7 bp −$17 | 33.3 bp −$3,333 | 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 | −0.0933% | 4h | 1,048.6 | +0.089% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,048.2 | +0.049% | $21.3M | $56.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,048 | +0.029% | $125.4M | $517.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,048.3 | +0.055% | $19.0M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,048 | +0.030% | $31.1M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,047.8 | +0.014% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,047.8 | +0.010% | $62.3M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,048 | +0.031% | $20.5M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,048.6 | +0.085% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,048.5 | +0.076% | $82K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
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 | 1,047.6 | −0.009% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,048.5 | +0.082% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,047.6 | −0.007% | $130K | $431K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047.7 | +0.001% | $3K | $44K | 10x | as long as short |
| QFEX MU-USDlong | +0.0032% | 1h | 1,047.7 | long leg | $7.1M | $17.9M | 10x | |
| Lighter MUshort | +0.0032% | 1h | 1,048 | +0.026% | $1.1M | $5.1M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,047.8 | +0.015% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,047.3 | −0.041% | $553K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.351% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,047.7 | +0.005% | $71K | $233K | 10x | as long as short |
| BloFin MU-USDT | +0.0041% | 8h | 1,047.6 | −0.010% | $1.5M | $2.0M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,048.5 | +0.078% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,047.5 | −0.017% | $177.6M | $97.5M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,047.6 | −0.008% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,047.8 | +0.010% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.4 | −0.025% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,047.9 | +0.017% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0055% | 1h | 1,047.4 | −0.028% | $282K | $829K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0065% | 1h | 1,047.9 | +0.022% | $73K | $465K | 10x | as long as short |
| Bullet MU-USD | +0.0069% | 1h | 1,048.1 | +0.040% | $26K | $395K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,047.5 | −0.014% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,047.7 | +0.003% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.7 | +0.005% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.3 | +0.058% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,047.7 | 0.000% | $833 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.224% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.4 | +0.069% | $536K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
BloFin MU-USDT
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Deribit MU_USDC-PERPETUAL
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
Phoenix MU