Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: GRVT against Aster+0.006%90s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.231% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.006%, 7d avg +0.028%

Together, before fees+0.142%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.023% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 90 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	Aster MUUSD1	1,050.2	0	get 0.0000% / 8h	3h 56m	$21.4M	$55.0M	20x
Short	GRVT MU_USDT_Perp	1,050.3	0	get 0.0000% / 8h	3h 56m	$81K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aster. 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 AsterbpFee GRVTbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.028%: −$2.27
Slippage, 4 orders: −$6.05
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.33
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; GRVT: live order book, 2 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 Aster live order book, 3 min ago	0.05 bp	7.0 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.24 bp	6.2 bp −$6	7.6 bp −$76	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	−0.0119%	4h	1,049.8	−0.037%	$1.3M	$673K	10x	as long as short
Aster MUUSD1long	0.0000%	8h	1,050.2	long leg	$21.4M	$55.0M	20x
OKX MU-USDT-SWAP	0.0000%	8h	1,049.8	−0.038%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,049.9	−0.025%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	−0.057%	$62.6M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,049.9	−0.030%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,049.7	−0.044%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perpshort	0.0000%	8h	1,050.3	+0.006%	$81K	$1.4M	10x
StandX MU-USD	0.0000%	1h	1,050.2	−0.001%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.2	0.000%	$11K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,049.5	−0.063%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0008%	8h	1,050	−0.022%	$19.0M	$32.0M	100x	as long as short
Binance MUUSDT	+0.0017%	8h	1,049.7	−0.046%	$126.0M	$516.9M	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.9	−0.025%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,049.6	−0.055%	$7.1M	$17.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.7	−0.052%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.1	−0.108%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.111%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	−0.015%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.046%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.4	−0.076%	$178.1M	$98.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.4	−0.076%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.7	−0.047%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.6	−0.054%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,049.8	−0.039%	$2K	—	5x	as long as short
BloFin MU-USDT	+0.0073%	8h	1,050.3	+0.006%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0074%	1h	1,049.3	−0.085%	$282K	$835K	10x	as long as short
Lighter MU	+0.0080%	1h	1,049.7	−0.051%	$1.1M	$5.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0084%	1h	1,049.5	−0.071%	$73K	$456K	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,049.4	−0.074%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0090%	1h	1,049.8	−0.033%	$26K	$395K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.6	−0.060%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.060%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.016%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.8	−0.036%	$835	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	−0.016%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050.6	+0.039%	$537K	$271K	15x	as long as short