Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h −0.009%
Price spread now: GRVT against Binance+0.027%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 2 days (all we have)−0.041%−$4 · spread now +0.027%, 7d avg −0.029%
=Together, before fees−0.054%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.056% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,044.3 | 0.0151 | pay 0.0151% / 8h | 1h 27m | $124.9M | $536.0M | 50x |
| Short | GRVT MU_USDT_Perp | 1,044.6 | 0.0210 | get 0.0210% / 8h | 1h 27m | $82K | $1.4M | 10x |
Binance MUUSDT
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. 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
- $12.38
- Price spread: +0.027% → −0.029%
- $5.6
- Slippage, 4 orders
- −$3.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$4.73
- Costs to cover
- 0.227%
- Break-even
- 9.7 days
Slippage from Binance: live order book, 2 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 Binance live order book, 2 min ago | 0.05 bp | 5.3 bp −$5 | 6.6 bp −$66 | 16.7 bp −$1,667 | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.10 bp | 6.0 bp −$6 | 7.7 bp −$77 | 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 | −0.0856% | 4h | 1,044.1 | −0.019% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,044.1 | −0.013% | $62.9M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.2 | −0.101% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.4 | +0.207% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.7 | −0.051% | $125K | $441K | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.0027% | 8h | 1,044.2 | −0.006% | $30.9M | $104.9M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0031% | 1h | 1,043.8 | −0.047% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,044 | −0.023% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.617% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.9 | −0.037% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,044 | −0.026% | $165K | $189K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,044.1 | −0.013% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.1 | −0.113% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,044.4 | +0.010% | $7.8M | $24.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0072% | 8h | 1,044.8 | +0.047% | $21.5M | $47.4M | 20x | as long as short |
| Bitget MUUSDT | +0.0096% | 8h | 1,044.2 | −0.008% | $20.4M | $43.1M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.7 | −0.055% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.5 | −0.076% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044 | −0.024% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044.2 | −0.005% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.9 | −0.033% | $33K | — | 10x | as long as short |
| Variational Omni MU | +0.0129% | 8h | 1,043.8 | −0.043% | $2.6M | $2.7M | — | as long as short |
| Paradex MU-USD-PERP | +0.0132% | 8h | 1,044.2 | −0.005% | $2K | — | 5x | as long as short |
| Binance MUUSDTlong | +0.0151% | 8h | 1,044.3 | long leg | $124.9M | $536.0M | 50x | |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.9 | −0.035% | $756K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0192% | 1h | 1,044.1 | −0.016% | $1.0M | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0209% | 1h | 1,043.4 | −0.080% | $266K | $868K | 10x | as long as short |
| GRVT MU_USDT_Perpshort | +0.0210% | 8h | 1,044.6 | +0.027% | $82K | $1.4M | 10x | |
| Bybit MUUSDT | +0.0235% | 8h | 1,044.5 | +0.021% | $19.2M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0267% | 1h | 1,044.4 | +0.012% | $26K | $398K | 10x | as long as short |
| BloFin MU-USDT | +0.0271% | 8h | 1,044.3 | +0.002% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0330% | 1h | 1,043.9 | −0.035% | $176.3M | $107.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0383% | 1h | 1,044 | −0.026% | $61K | $247K | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.4 | +0.012% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,044 | −0.029% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044.7 | +0.036% | $295K | $338K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0648% | 1h | 1,043.1 | −0.113% | $541K | $1.1M | 10x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aster MUUSD1
Bitget MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Variational Omni MU
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Deribit MU_USDC-PERPETUAL
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD