Funding you earn now, next payment 08:00 UTC−0.0173%/8h= −18.9% APRnext payment −$1.73 per $10,000 · paid last 24h −0.034%
Price spread now: GRVT against BloFin−0.027%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.027%, 7d avg +0.023%
=Together, before fees−0.100%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MU-USDT | 1,053.2 | 0.0173 | pay 0.0173% / 8h | 4h 20m | $1.5M | $2.0M | 20x |
| Short | GRVT MU_USDT_Perp | 1,052.9 | 0 | get 0.0000% / 8h | 4h 20m | $82K | $1.4M | 10x |
BloFin MU-USDT
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. 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
- −$36.31
- Price spread: −0.027% → +0.023%
- −$5.05
- Slippage, 4 orders
- −$4.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$66.76
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 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 BloFin live order book, 2 min ago | 0.05 bp | 6.1 bp −$6 | 6.5 bp −$65 | 9.1 bp −$910 | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.14 bp | 5.9 bp −$6 | 10.5 bp −$105 | 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 | −0.0836% | 4h | 1,052.4 | −0.074% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,053.1 | −0.005% | $21.5M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,053.1 | −0.007% | $31.2M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,053.4 | +0.024% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,053 | −0.021% | $62.4M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perpshort | 0.0000% | 8h | 1,052.9 | −0.027% | $82K | $1.4M | 10x | |
| StandX MU-USD | 0.0000% | 1h | 1,052.8 | −0.041% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,053.1 | −0.009% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,052.7 | −0.044% | $70K | $433K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,053 | −0.017% | $131K | $434K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0012% | 8h | 1,053 | −0.014% | $2.7M | $2.4M | — | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,052.2 | −0.089% | $3K | $44K | 10x | as long as short |
| Bybit MUUSDT | +0.0026% | 8h | 1,053.4 | +0.020% | $19.1M | $32.3M | 100x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,053.1 | −0.007% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,052.3 | −0.085% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.173% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,053.1 | −0.005% | $7.1M | $17.9M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,052.5 | −0.069% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,054.3 | +0.104% | — | $176K | 25x | as long as short |
| Bullet MU-USD | +0.0048% | 1h | 1,053.3 | +0.011% | $25K | $396K | 10x | as long as short |
| Nado MU-PERP | +0.0049% | 1h | 1,052.9 | −0.029% | $282K | $837K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.9 | −0.027% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,053 | −0.022% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,052.6 | −0.059% | $1.9M | $2.2M | 10x | as long as short |
| Binance MUUSDT | +0.0051% | 8h | 1,053.2 | −0.001% | $126.8M | $516.6M | 50x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,053.2 | +0.005% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,053.2 | −0.003% | $1.1M | $5.1M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0075% | 1h | 1,052.8 | −0.036% | $179.0M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | −0.028% | $759K | $1.2M | 10x | as long as short |
| Bitget MUUSDT | +0.0095% | 8h | 1,053.2 | −0.003% | $20.5M | $41.1M | 50x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,052.7 | −0.043% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,053.1 | −0.004% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.8 | −0.035% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.4 | −0.073% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,053 | −0.018% | $837 | $799 | 20x | as long as short |
| BloFin MU-USDTlong | +0.0173% | 8h | 1,053.2 | long leg | $1.5M | $2.0M | 20x | |
| Phoenix MU | +0.0304% | 1h | 1,053.3 | +0.011% | $539K | $271K | 15x | as long as short |
Variational Omni MU
Aftermath Perps MUUSD
Bybit MUUSDT
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Bullet MU-USD
Nado MU-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Binance MUUSDT
Paradex MU-USD-PERP
Lighter MU
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Bitget MUUSDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Phoenix MU