Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against SunX−0.117%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$620.620% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.117%, 7d avg −0.165%
Together, before fees+0.141%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.049% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.165%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MU-USDT1,035.60get 0.0000% / 8h6h 16m$11K$5.1M10x
ShortLighter RH MU1,034.40.0032get 0.0004% / 1h16m 44s$1.1M$4.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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

Funding earned
$6.72
Price spread: −0.117% → −0.165%
$4.86
Slippage, 4 orders
−$53.96
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$50.37
Costs to cover
0.620%
Break-even
59.5 days
Slippage from SunX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago21.61 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago1.65 bp1.7 bp −$23.3 bp −$33doesn't fitdoesn't fit

MU on 37 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0255%4h1,033−0.246%$1.3M$695K10xas long as short
Aster MUUSD10.0000%8h1,034.4−0.114%$21.1M$72.4M20xas long as short
Binance MUUSDT0.0000%8h1,034.3−0.126%$120.8M$549.9M50xas long as short
OKX MU-USDT-SWAP0.0000%8h1,034.8−0.076%$29.4M$106.4M50xas long as short
Gate MU_USDT0.0000%8h1,034.3−0.123%$61.6M$28.0M75xas long as short
Bitget MUUSDT0.0000%8h1,035−0.053%$19.8M$42.8M50xas long as short
Variational Omni MU0.0000%8h1,033.1−0.238%$2.6M$2.6Mas long as short
StandX MU-USD0.0000%1h1,033.5−0.204%$187K$3.7M20xas long as short
SunX MU-USDTlong0.0000%8h1,035.6long leg$11K$5.1M10x
Deribit MU_USDC-PERPETUAL0.0000%1h1,033−0.249%$44K$698K10xas long as short
Show all 37 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MU-USDT0.0000%8h1,033.2−0.230%$119K$475K50xas long as short
Lighter RH MUshort+0.0032%1h1,034.4−0.117%$1.1M$4.5M10x
Aftermath Perps MUUSD+0.0032%1h1,033.3−0.221%$3K$42K10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.524%$19K$5K12xas long as short
Vest MU-USD-PERP+0.0046%1h1,034.1−0.146%$177K25xas long as short
Bybit MUUSDT+0.0049%8h1,034.6−0.094%$18.8M$32.4M100xas long as short
Polymarket Perps MU-USD+0.0050%1h1,033.2−0.230%$167K$178K10xas long as short
SoDEX MU-USD+0.0050%1h1,033.3−0.225%$678K$13K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,032.5−0.301%$1.9M$3.2M10xas long as short
QFEX MU-USD+0.0059%1h1,033.6−0.189%$7.0M$19.0M10xas long as short
Paradex MU-USD-PERP+0.0067%8h1,034.4−0.117%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,033.1−0.241%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,034.1−0.142%$146K$223K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,033.3−0.221%$5.2M$5.6M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,033.6−0.196%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,033.3−0.218%$821$79920xas long as short
RISEx MU/USDC+0.0107%1h1,034.5−0.109%$295K$350K20xas long as short
GRVT MU_USDT_Perp+0.0115%8h1,033.5−0.201%$76K$1.4M10xas long as short
BloFin MU-USDT+0.0120%8h1,033.7−0.183%$1.4M$2.5M20xas long as short
Nado MU-PERP+0.0123%1h1,033.4−0.212%$269K$840K10xas long as short
Lighter MU+0.0136%1h1,034.4−0.110%$1.0M$5.0M20xas long as short
Arcus MU-USD+0.0139%1h1,034.5−0.103%$90K$148K10xas long as short
Coinbase International MU-PERP-INTX+0.0152%1h1,033.5−0.201%$732K$1.2M10xas long as short
tradeXYZ xyz:MU+0.0178%1h1,034.1−0.143%$175.1M$75.6M10xas long as short
Bullet MU-USD+0.0212%1h1,033.7−0.182%$25K$386K10xas long as short
Extended MU_24_5-USD+0.0264%1h1,033.5−0.199%$549K$1.1M10xas long as short
Phoenix MU+0.0310%1h1,033.4−0.211%$529K$269K15xas long as short