Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0907%/8h= +99.3% APRpaid last 24h −0.015%

Price spread now: GRVT against edgeX+0.034%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.670%−$67 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.034%, 7d avg +0.060%

Together, before fees−0.647%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.026% cheaper against edgeX than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.060%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$27 a day). Mind the row above: over the last 7 days funding on this pair cost −0.670%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,052.2	−0.0907	get 0.0454% / 4h	24m 29s	$1.3M	$671K	10x
Short	GRVT MU_USDT_Perp	1,052.6	0	get 0.0000% / 8h	4h 24m	$82K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against edgeX. 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 edgeXbpFee GRVTbpOrdersPrice spread, now +0.034%Rate

Funding earned: $190.5
Price spread: +0.034% → +0.060%: −$2.6
Slippage, 4 orders: −$4.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $165.14
Costs to cover: 0.228%
Break-even: 0.9 days

Slippage from edgeX: live order book, 4 min ago; GRVT: live order book, 4 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 edgeX live order book, 4 min ago	0.28 bp	4.9 bp −$5	6.7 bp −$67	29.0 bp −$2,903	doesn't fit
Sell GRVT live order book, 4 min ago	1.14 bp	5.8 bp −$6	8.5 bp −$85	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 MUUSDClong	−0.0907%	4h	1,052.2	long leg	$1.3M	$671K	10x
Aster MUUSD1	0.0000%	8h	1,052.3	+0.009%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.4	+0.014%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.4	+0.020%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	−0.004%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perpshort	0.0000%	8h	1,052.6	+0.034%	$82K	$1.3M	10x
StandX MU-USD	0.0000%	1h	1,051.7	−0.047%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054	+0.166%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.013%	$131K	$434K	50x	as long as short
Variational Omni MU	+0.0020%	8h	1,052	−0.024%	$2.7M	$2.4M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0021%	1h	1,052.4	+0.017%	$3K	$44K	10x	as long as short
Bybit MUUSDT	+0.0029%	8h	1,052.6	+0.030%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.003%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.4	−0.082%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.083%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.1	−0.010%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.020%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.100%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0048%	1h	1,052.4	+0.013%	$25K	$396K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052	−0.022%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052	−0.023%	$690K	$16K	10x	as long as short
Nado MU-PERP	+0.0050%	1h	1,051.9	−0.030%	$282K	$837K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.062%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.4	+0.011%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0055%	8h	1,052.4	+0.014%	$126.8M	$516.6M	50x	as long as short
Lighter MU	+0.0056%	1h	1,052.3	+0.008%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,052	−0.022%	$178.8M	$98.9M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.010%	$758K	$1.2M	10x	as long as short
Bitget MUUSDT	+0.0095%	8h	1,052.4	+0.016%	$20.5M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.8	−0.038%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.8	−0.042%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052	−0.025%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.018%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	−0.008%	$836	$799	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0130%	1h	1,051.9	−0.033%	$69K	$430K	10x	as long as short
BloFin MU-USDT	+0.0177%	8h	1,052.1	−0.015%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.025%	$538K	$271K	15x	as long as short