Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.061%
Price spread now: Lighter RH against RISEx−0.024%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Funding, last 4 days (all we have)−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.024%, 7d avg −0.035%
=Together, before fees−0.082%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, 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 | RISEx MU/USDC | 1,045.8 | 0 | get 0.0000% / 1h | 37m 20s | $338K | $353K | 20x |
| Short | Lighter RH MU | 1,045.6 | 0.0032 | get 0.0004% / 1h | 37m 20s | $1.3M | $4.4M | 10x |
RISEx MU/USDC
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against RISEx. 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
- $6.72
- Price spread: −0.024% → −0.035%
- $1.13
- Slippage, 4 orders
- −$6.02
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$4.17
- Costs to cover
- 0.120%
- Break-even
- 11.3 days
Slippage from RISEx: live order book, 16 min ago; Lighter RH: live order book, 1 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 RISEx live order book, 16 min ago | 1.48 bp | 4.5 bp −$4 | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.34 bp | 1.5 bp −$1 | 4.4 bp −$44 | 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 | −0.0636% | 4h | 1,045.9 | +0.012% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,045.9 | +0.010% | $21.2M | $56.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,045.9 | +0.010% | $125.0M | $518.8M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046.2 | +0.034% | $18.8M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,045.9 | +0.012% | $31.1M | $99.7M | 50x | as long as short |
| RISEx MU/USDClong | 0.0000% | 1h | 1,045.8 | long leg | $338K | $353K | 20x | |
| Gate MU_USDT | 0.0000% | 8h | 1,045.6 | −0.018% | $62.1M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,045.8 | +0.004% | $20.4M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,047.2 | +0.136% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,045.8 | −0.001% | $81K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
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 | 1,045.5 | −0.034% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.5 | +0.069% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.5 | −0.032% | $130K | $432K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,046.4 | +0.054% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,045.6 | −0.023% | $7.0M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,045.5 | −0.026% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,045.6 | −0.024% | $1.3M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,045 | −0.075% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.531% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,046.1 | +0.031% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.3 | +0.049% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,045.5 | −0.029% | $177.1M | $96.5M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.6 | −0.019% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.6 | −0.016% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045 | −0.082% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,045.7 | −0.006% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0053% | 1h | 1,045.3 | −0.049% | $281K | $828K | 10x | as long as short |
| Bullet MU-USD | +0.0064% | 1h | 1,046 | +0.015% | $25K | $394K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0075% | 1h | 1,045.7 | −0.013% | $73K | $468K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,045.5 | −0.029% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.6 | −0.023% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.5 | −0.026% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.4 | −0.039% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.8 | −0.001% | $831 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0119% | 8h | 1,046.1 | +0.024% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.404% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,045.6 | −0.019% | $535K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter 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
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Deribit MU_USDC-PERPETUAL
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU