MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.020%

Price spread now: Lighter against tradeXYZ+0.037%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.015%+$1 · spread now +0.037%, 7d avg +0.042%

Together, before fees+0.046%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,050.2	0.0056	pay 0.0007% / 1h	23m 18s	$178.1M	$98.9M	10x
Short	Lighter MU	1,050.6	0.0048	get 0.0006% / 1h	23m 18s	$1.1M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$1.77
Price spread: +0.037% → +0.042%: −$0.52
Slippage, 4 orders: −$3.6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.89
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Lighter: 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 tradeXYZ live order book, 6 min ago	0.48 bp	10.7 bp −$11	11.7 bp −$117	16.0 bp −$1,595	doesn't fit
Sell Lighter live order book, 5 min ago	0.48 bp	0.6 bp −$1	1.3 bp −$13	17.1 bp −$1,713	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	−0.0738%	4h	1,050.1	−0.012%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.7	+0.051%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.7	+0.043%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	+0.010%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	+0.001%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.003%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.2	+0.194%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.3	+0.010%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.2	−0.001%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.1	−0.010%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0020%	8h	1,050.4	+0.021%	$31.0M	$99.7M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.3	+0.010%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	+0.012%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.110%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	−0.007%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	+0.107%	—	$175K	25x	as long as short
Lighter MUshort	+0.0048%	1h	1,050.6	+0.037%	$1.1M	$5.0M	20x
Extended MU_24_5-USD	+0.0048%	1h	1,049.9	−0.033%	$564K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0049%	1h	1,050.3	+0.006%	$282K	$847K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.1	−0.010%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.4	+0.020%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.089%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.4	+0.023%	$2K	—	5x	as long as short
tradeXYZ xyz:MUlong	+0.0056%	1h	1,050.2	long leg	$178.1M	$98.9M	10x
Aster MUUSD1	+0.0059%	8h	1,050.4	+0.023%	$21.4M	$53.0M	20x	as long as short
Bullet MU-USD	+0.0064%	1h	1,050.6	+0.038%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.025%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	+0.032%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	+0.003%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.024%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	+0.010%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.003%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050	−0.016%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0114%	8h	1,050.5	+0.028%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0125%	8h	1,050.5	+0.032%	$126.5M	$518.5M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	+0.019%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	+0.010%	$1.5M	$2.0M	20x	as long as short