Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.008%
Price spread now: GRVT against Arcus+0.015%54s7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.331% of the position
Funding, last 4 days (all we have)−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.015%, 7d avg +0.088%
=Together, before fees−0.274%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.072% cheaper against Arcus than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.088%). Swap the legs. The two prices were read 54 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 | Arcus MU-USD | 1,051.9 | 0.0040 | pay 0.0005% / 1h | 42m 34s | $71K | $234K | 10x |
| Short | GRVT MU_USDT_Perp | 1,052.1 | 0 | get 0.0000% / 8h | 4h 42m | $78K | $1.3M | 10x |
Arcus MU-USD
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Arcus. 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
- −$8.46
- Price spread: +0.015% → +0.088%
- −$7.25
- Slippage, 4 orders
- −$19.6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$48.81
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 16 min ago; GRVT: live order book, 1 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 Arcus live order book, 16 min ago | 3.42 bp | 8.5 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.19 bp | 5.8 bp −$6 | 7.8 bp −$78 | 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 | −0.0978% | 4h | 1,051.8 | −0.015% | $1.3M | $673K | 10x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.5 | +0.052% | $31.2M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.5 | +0.053% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.3 | +0.036% | $62.3M | $27.4M | 75x | as long as short |
| GRVT MU_USDT_Perpshort | 0.0000% | 8h | 1,052.1 | +0.015% | $78K | $1.3M | 10x | |
| StandX MU-USD | 0.0000% | 1h | 1,051.8 | −0.010% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.4 | +0.234% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,051.9 | −0.001% | $131K | $436K | 50x | as long as short |
| Aster MUUSD1 | +0.0007% | 8h | 1,052.3 | +0.036% | $21.4M | $55.0M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,051.9 | −0.006% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aster MUUSD1
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUUSDT | +0.0018% | 8h | 1,052.8 | +0.080% | $19.1M | $32.3M | 100x | as long as short |
| Bullet MU-USD | +0.0025% | 1h | 1,052.5 | +0.050% | $25K | $398K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,052.3 | +0.039% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.3 | +0.035% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.8 | −0.016% | $564K | $1.1M | 10x | as long as short |
| Nado MU-PERP | +0.0033% | 1h | 1,052.2 | +0.022% | $282K | $843K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.054% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.3 | +0.033% | $7.2M | $18.0M | 10x | as long as short |
| Arcus MU-USDlong | +0.0040% | 1h | 1,051.9 | long leg | $71K | $234K | 10x | |
| Variational Omni MU | +0.0042% | 8h | 1,051.8 | −0.009% | $2.7M | $2.4M | — | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.4 | +0.143% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.2 | +0.026% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.4 | +0.044% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051 | −0.086% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,052.6 | +0.061% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0073% | 1h | 1,052.2 | +0.026% | $178.9M | $99.1M | 10x | as long as short |
| Binance MUUSDT | +0.0073% | 8h | 1,052.5 | +0.051% | $126.8M | $517.3M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,051.9 | +0.001% | $758K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,052.1 | +0.018% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,051.9 | −0.007% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.1 | +0.016% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.6 | −0.031% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.4 | +0.042% | $837 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0123% | 8h | 1,052.5 | +0.053% | $20.6M | $41.1M | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0140% | 1h | 1,052.2 | +0.027% | $69K | $414K | 10x | as long as short |
| BloFin MU-USDT | +0.0194% | 8h | 1,052.5 | +0.055% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,052.3 | +0.035% | $538K | $271K | 15x | as long as short |
Bybit MUUSDT
Bullet MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Nado MU-PERP
Injective MU/USDC PERP
QFEX MU-USD
Variational Omni MU
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Deribit MU_USDC-PERPETUAL
BloFin MU-USDT
Phoenix MU