Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Vest−0.135%7-day average −0.676% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.135%, 7d avg −0.676%
=Together, before fees+0.164%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.541% dearer against Vest than usual: you sell high and buy low (spread −0.135% now, against its 7-day average of −0.676%): +$54 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 3 days (−0.005% in total) that is about 12 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MU-USD-PERP | 1,049.8 | 0.0046 | pay 0.0006% / 1h | 36m 58s | — | $176K | 25x |
| Short | Lighter MU | 1,048.4 | 0.0032 | get 0.0004% / 1h | 36m 58s | $1.1M | $4.8M | 20x |
Vest MU-USD-PERP
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- −$2.87
- Price spread: −0.135% → −0.676%
- $54.11
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $49.24
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.52 bp | 0.5 bp −$1 | 1.0 bp −$10 | 28.7 bp −$2,869 | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0949% | 4h | 1,048.4 | −0.133% | $1.3M | $671K | 10x | as long as short |
| Nado MU-PERP | −0.0007% | 1h | 1,049 | −0.080% | $274K | $858K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.5 | −0.128% | $62.1M | $27.6M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.7 | −0.105% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,048.9 | −0.092% | $26K | $395K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.1 | +0.024% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.2 | −0.159% | $66K | $328K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.5 | −0.130% | $129K | $429K | 50x | as long as short |
| Bybit MUUSDT | +0.0003% | 8h | 1,048.9 | −0.090% | $19.2M | $32.6M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,048.9 | −0.094% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MUshort | +0.0032% | 1h | 1,048.4 | −0.135% | $1.1M | $4.8M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,048.4 | −0.134% | $1.1M | $4.1M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.3 | −0.144% | $567K | $1.2M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,048.9 | −0.091% | $7.5M | $20.1M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,048.8 | −0.100% | $71K | $237K | 10x | as long as short |
| Vest MU-USD-PERPlong | +0.0046% | 1h | 1,049.8 | long leg | — | $176K | 25x | |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,048.4 | −0.137% | $178.0M | $99.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.6 | −0.118% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.5 | −0.132% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.9 | −0.188% | $1.9M | $2.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0068% | 8h | 1,049.3 | −0.056% | $2K | — | 5x | as long as short |
| OKX MU-USDT-SWAP | +0.0071% | 8h | 1,048.5 | −0.126% | $30.8M | $100.6M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.9 | −0.088% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.7 | −0.110% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.6 | −0.115% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.8 | −0.103% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.145% | $19K | $5K | 12x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,048.1 | −0.168% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,048.4 | −0.139% | $32K | $1K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0158% | 8h | 1,049 | −0.083% | $81K | $1.3M | 10x | as long as short |
| Aster MUUSD1 | +0.0207% | 8h | 1,048.9 | −0.092% | $21.6M | $50.1M | 20x | as long as short |
| Variational Omni MU | +0.0219% | 8h | 1,049 | −0.076% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0223% | 8h | 1,048.7 | −0.109% | $126.8M | $524.7M | 50x | as long as short |
| Bitget MUUSDT | +0.0285% | 8h | 1,048.8 | −0.102% | $20.3M | $41.9M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,049.2 | −0.061% | $537K | $273K | 15x | as long as short |
| BloFin MU-USDT | +0.0368% | 8h | 1,049.8 | −0.003% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,049.2 | −0.064% | $333K | $348K | 20x | as long as short |
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Coinbase International MU-PERP-INTX
Aevo MU-PERP
GRVT MU_USDT_Perp
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
BloFin MU-USDT
RISEx MU/USDC