Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.032%
Price spread now: Lighter RH against tradeXYZ+0.005%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.235% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days+0.002%$0 · spread now +0.005%, 7d avg +0.021%
=Together, before fees−0.149%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, 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 | tradeXYZ xyz:MU | 1,037.2 | 0.0050 | pay 0.0006% / 1h | 30m 36s | $176.3M | $82.7M | 10x |
| Short | Lighter RH MU | 1,037.3 | 0.0032 | get 0.0004% / 1h | 30m 36s | $1.1M | $4.4M | 10x |
tradeXYZ xyz:MU
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against tradeXYZ. 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
- −$3.78
- Price spread: +0.005% → +0.021%
- −$1.61
- Slippage, 4 orders
- −$5.46
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$28.85
- Costs to cover
- 0.235%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.48 bp | 9.9 bp −$10 | 11.4 bp −$114 | 16.4 bp −$1,641 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.78 bp | 1.9 bp −$2 | 4.5 bp −$45 | 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 | −0.0695% | 4h | 1,037.8 | +0.059% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0176% | 8h | 1,037.4 | +0.019% | $20.2M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.8 | +0.055% | $21.2M | $65.7M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.2 | 0.000% | $122.0M | $538.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.2 | −0.004% | $18.7M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.1 | −0.010% | $29.8M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.5 | +0.025% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.1 | −0.009% | $61.4M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.5 | +0.028% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.4 | +0.112% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
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 | 1,037.9 | +0.067% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.4 | +0.209% | $11K | $5.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.4 | +0.023% | $74K | $610K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.3 | +0.006% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0014% | 1h | 1,037.7 | +0.052% | $25K | $390K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,037.8 | +0.061% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0021% | 1h | 1,037.4 | +0.015% | $280K | $806K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,037.1 | −0.011% | $7.0M | $18.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,037.4 | +0.014% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,037.3 | +0.005% | $1.1M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.6 | −0.057% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.365% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.1 | −0.006% | $90K | $245K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.6 | +0.039% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUlong | +0.0050% | 1h | 1,037.2 | long leg | $176.3M | $82.7M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.4 | +0.019% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.5 | +0.027% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.1 | −0.012% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.2 | +0.002% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.2 | +0.004% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,037.6 | +0.036% | $725K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.1 | −0.014% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.1 | −0.008% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.2 | +0.002% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.6 | +0.039% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.6 | +0.041% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.2 | +0.096% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bullet MU-USD
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
Lighter MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU