Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h 0.000%

Price spread now: GRVT against Aevo+0.054%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.054% dearer against Aevo than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,051.7	0.0112	pay 0.0014% / 1h	10m 54s	$32K	$1K	10x
Short	GRVT MU_USDT_Perp	1,052.2	0	get 0.0000% / 8h	5h 10m	$85K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$23.52
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$43.08
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell GRVT live order book, 2 min ago	0.81 bp	5.8 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit

Aevo: 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	−0.0275%	4h	1,051.8	+0.018%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.063%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	+0.056%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perpshort	0.0000%	8h	1,052.2	+0.054%	$85K	$1.3M	10x
StandX MU-USD	0.0000%	1h	1,051.9	+0.026%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.9	+0.217%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.8	+0.014%	$68K	$386K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052	+0.033%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0006%	8h	1,052.7	+0.095%	$19.2M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,051.1	−0.050%	$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	+0.0019%	8h	1,052.3	+0.063%	$31.1M	$99.9M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,051.8	+0.017%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	+0.046%	$1.3M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.028%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.4	−0.020%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.137%	—	$175K	25x	as long as short
Aster MUUSD1	+0.0046%	8h	1,052.4	+0.067%	$21.4M	$54.4M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	+0.014%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	+0.049%	$690K	$16K	10x	as long as short
Nado MU-PERP	+0.0050%	1h	1,051.8	+0.012%	$282K	$845K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.1	−0.049%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,052.1	+0.042%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,052.1	+0.043%	$178.5M	$99.1M	10x	as long as short
Lighter MU	+0.0064%	1h	1,052.2	+0.050%	$1.1M	$5.1M	20x	as long as short
Bullet MU-USD	+0.0068%	1h	1,052.1	+0.043%	$25K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0080%	1h	1,051.7	+0.002%	$564K	$1.1M	10x	as long as short
Variational Omni MU	+0.0081%	8h	1,051.9	+0.024%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	+0.027%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.7	+0.009%	$149K	$184K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.048%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	+0.017%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	+0.045%	$836	$799	20x	as long as short
Aevo MU-PERPlong	+0.0112%	1h	1,051.7	long leg	$32K	$1K	10x
Binance MUUSDT	+0.0114%	8h	1,052.4	+0.072%	$126.7M	$518.2M	50x	as long as short
Bitget MUUSDT	+0.0123%	8h	1,052.4	+0.068%	$20.6M	$41.1M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,051.7	+0.005%	$538K	$271K	15x	as long as short
BloFin MU-USDT	+0.0234%	8h	1,052.2	+0.051%	$1.5M	$2.0M	20x	as long as short