Funding you earn now, next payment 02:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h −0.021%
Price spread now: GRVT against Deribit−0.036%75s7-day average +0.028% · you buy dearer than you sell
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−$400.405% of the position
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.036%, 7d avg +0.028%
=Together, before fees+0.115%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GRVT is 0.064% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,050.5 | 0.0236 | pay 0.0029% / 1h | 2m 00s | $66K | $349K | 10x |
| Short | GRVT MU_USDT_Perp | 1,050.1 | 0.0008 | get 0.0008% / 8h | 6h 02m | $79K | $1.3M | 10x |
Deribit MU_USDC-PERPETUAL
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Deribit. 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
- −$47.82
- Price spread: −0.036% → +0.028%
- −$6.43
- Slippage, 4 orders
- −$24.47
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$94.72
- Costs to cover
- 0.405%
- Break-even
- never at this rate
Slippage from Deribit: 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 Deribit live order book, 2 min ago | 5.62 bp | 11.9 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.19 bp | 5.7 bp −$6 | 9.8 bp −$98 | doesn't fit | doesn't fit |
MU on 36 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 | −0.0984% | 4h | 1,049.3 | −0.111% | $1.3M | $671K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.7 | +0.014% | $19.2M | $32.5M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.6 | +0.013% | $62.1M | $27.8M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.7 | −0.077% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,050.8 | +0.032% | $26K | $395K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.5 | +0.187% | $11K | $5.9M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.5 | +0.002% | $129K | $426K | 50x | as long as short |
| GRVT MU_USDT_Perpshort | +0.0008% | 8h | 1,050.1 | −0.036% | $79K | $1.3M | 10x | |
| Nado MU-PERP | +0.0009% | 1h | 1,049.9 | −0.057% | $279K | $854K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.4 | −0.105% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Bybit MUUSDT
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
HTX MU-USDT
Nado MU-PERP
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,050.5 | +0.002% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.5 | −0.002% | $1.2M | $4.3M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.7 | −0.076% | $564K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,050.4 | −0.010% | $7.3M | $18.9M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.8 | −0.065% | $71K | $235K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0043% | 8h | 1,050.6 | +0.010% | $30.9M | $100.2M | 50x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.2 | +0.067% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.4 | −0.010% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050.7 | +0.015% | $690K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.9 | −0.058% | $1.9M | $2.3M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0052% | 1h | 1,050.3 | −0.019% | $178.3M | $99.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0059% | 8h | 1,050.6 | +0.012% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.2 | −0.028% | $149K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.1 | −0.037% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050 | −0.048% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.8 | +0.026% | $835 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.082% | $19K | $5K | 12x | as long as short |
| Aster MUUSD1 | +0.0124% | 8h | 1,050.5 | +0.001% | $21.6M | $51.8M | 20x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,050.4 | −0.006% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,048.1 | −0.233% | $755K | $1.2M | 10x | as long as short |
| Variational Omni MU | +0.0154% | 8h | 1,049.9 | −0.054% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0172% | 8h | 1,050.5 | +0.002% | $126.6M | $521.4M | 50x | as long as short |
| Bitget MUUSDT | +0.0180% | 8h | 1,050.7 | +0.021% | $20.6M | $41.2M | 50x | as long as short |
| Deribit MU_USDC-PERPETUALlong | +0.0236% | 1h | 1,050.5 | long leg | $66K | $349K | 10x | |
| Phoenix MU | +0.0304% | 1h | 1,049.7 | −0.076% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,050.8 | +0.029% | $334K | $347K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
OKX MU-USDT-SWAP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
tradeXYZ xyz:MU
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Aster MUUSD1
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
RISEx MU/USDC