Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Vest−0.087%46s7-day average −0.675% · 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)−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.087%, 7d avg −0.675%
=Together, before fees+0.056%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.589% dearer against Vest than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.675%): +$59 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 3 days (−0.029% in total) that is about 2 months. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MU-USD-PERP | 1,051.2 | 0.0046 | pay 0.0006% / 1h | 24m 43s | — | $175K | 25x |
| Short | Lighter RH MU | 1,050.2 | 0.0032 | get 0.0004% / 1h | 24m 43s | $1.2M | $4.3M | 10x |
Vest MU-USD-PERP
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: −0.087% → −0.675%
- $58.85
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $53.98
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 4 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 RH live order book, 4 min ago | 1.48 bp | 1.7 bp −$2 | 3.8 bp −$38 | doesn't fit | 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 | −0.0861% | 4h | 1,049.9 | −0.117% | $1.3M | $671K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.6 | −0.049% | $19.1M | $32.3M | 100x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,050.3 | −0.078% | $333K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.2 | −0.088% | $62.1M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,050.2 | −0.089% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.1 | −0.104% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052 | +0.080% | $11K | $5.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,050 | −0.114% | $67K | $377K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.1 | −0.101% | $129K | $429K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,050 | −0.106% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Bybit MUUSDT
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0021% | 8h | 1,050.6 | −0.052% | $31.0M | $99.8M | 50x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,050.1 | −0.099% | $7.2M | $18.1M | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,050.2 | −0.087% | $1.2M | $4.3M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.020% | $19K | $5K | 12x | as long as short |
| Extended MU_24_5-USD | +0.0040% | 1h | 1,049.6 | −0.144% | $564K | $1.1M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,050 | −0.106% | $71K | $235K | 10x | as long as short |
| Vest MU-USD-PERPlong | +0.0046% | 1h | 1,051.2 | long leg | — | $175K | 25x | |
| Lighter MU | +0.0048% | 1h | 1,050.5 | −0.062% | $1.1M | $5.0M | 20x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.9 | −0.119% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050.1 | −0.097% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.8 | −0.126% | $1.9M | $2.3M | 10x | as long as short |
| Nado MU-PERP | +0.0052% | 1h | 1,050 | −0.105% | $282K | $848K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0056% | 8h | 1,050.3 | −0.080% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0057% | 1h | 1,050.2 | −0.090% | $178.1M | $98.9M | 10x | as long as short |
| Aster MUUSD1 | +0.0060% | 8h | 1,050.4 | −0.074% | $21.4M | $52.9M | 20x | as long as short |
| Bullet MU-USD | +0.0067% | 1h | 1,050.3 | −0.081% | $25K | $398K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.9 | −0.115% | $756K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.4 | −0.067% | $149K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.1 | −0.100% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,049.7 | −0.134% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.2 | −0.089% | $835 | $799 | 20x | as long as short |
| Variational Omni MU | +0.0101% | 8h | 1,050.2 | −0.093% | $2.7M | $2.4M | — | as long as short |
| Aevo MU-PERP | +0.0112% | 1h | 1,049.8 | −0.128% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0119% | 8h | 1,050.4 | −0.073% | $20.6M | $41.1M | 50x | as long as short |
| Binance MUUSDT | +0.0127% | 8h | 1,050.4 | −0.069% | $126.5M | $518.8M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,050.4 | −0.071% | $537K | $271K | 15x | as long as short |
| BloFin MU-USDT | +0.0248% | 8h | 1,050.3 | −0.080% | $1.5M | $2.0M | 20x | as long as short |
OKX MU-USDT-SWAP
QFEX MU-USD
Injective MU/USDC PERP
Extended MU_24_5-USD
Arcus MU-USD
Lighter MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Nado MU-PERP
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Aster MUUSD1
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Variational Omni MU
Aevo MU-PERP
Bitget MUUSDT
Binance MUUSDT
Phoenix MU
BloFin MU-USDT