MU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter RH against QFEX+0.067%52s7-day average −0.006% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.165% of the position

Long on QFEX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.067%, 7d avg −0.006%

Together, before fees−0.066%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.073% dearer against QFEX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 52 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	QFEX MU-USD	1,028.4	0.0027	pay 0.0003% / 1h	20m 39s	$6.9M	$18.9M	10x
Short	Lighter RH MU	1,029.1	0.0032	get 0.0004% / 1h	20m 39s	$1.1M	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against QFEX. 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 QFEXbpFee Lighter RHbpOrdersPrice spread, now +0.067%Rate

Funding earned: $1.13
Price spread: +0.067% → −0.006%: $7.33
Slippage, 4 orders: −$6.46
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.01
Costs to cover: 0.165%
Break-even: 56.8 days

Slippage from QFEX: live order book, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago	0.39 bp	5.4 bp −$5	6.3 bp −$63	9.8 bp −$975	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.51 bp	1.6 bp −$2	3.3 bp −$33	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	−0.0959%	4h	1,026.4	−0.199%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.3	+0.082%	$21.0M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.4	+0.097%	$121.7M	$548.5M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.7	+0.128%	$29.1M	$103.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,028	−0.044%	$293K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.3	+0.086%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,029.5	+0.109%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.117%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.1	−0.035%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030	+0.155%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,029.3	+0.084%	$118K	$494K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,029.5	+0.104%	$18.6M	$32.4M	100x	as long as short
QFEX MU-USDlong	+0.0027%	1h	1,028.4	long leg	$6.9M	$18.9M	10x
Aftermath Perps MUUSD	+0.0029%	1h	1,026.4	−0.200%	$3K	$43K	10x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,029.1	+0.067%	$1.1M	$4.5M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,028.8	+0.036%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.231%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.147%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.2	+0.071%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,028.2	−0.020%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,028.3	−0.012%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,028.7	+0.026%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.6	+0.018%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,029.4	+0.092%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,029.2	+0.075%	$992K	$5.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,028.7	+0.028%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	+0.096%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	+0.056%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028	−0.039%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.198%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,028.4	−0.006%	$818	$799	20x	as long as short
Nado MU-PERP	+0.0100%	1h	1,027.7	−0.070%	$264K	$815K	10x	as long as short
tradeXYZ xyz:MU	+0.0101%	1h	1,028.9	+0.047%	$173.9M	$78.9M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.4	+0.092%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0143%	1h	1,029.1	+0.066%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.002%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0256%	1h	1,028.9	+0.042%	$72K	$630K	10x	as long as short