Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h −0.025%

Price spread now: GRVT against Extended+0.141%7-day average +0.037% · 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−$10as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.141%, 7d avg +0.037%

Together, before fees−0.143%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$14 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 0.104% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,049.3	0.0032	pay 0.0004% / 1h	20m 55s	$567K	$1.1M	10x
Short	GRVT MU_USDT_Perp	1,050.7	0.0085	get 0.0085% / 8h	6h 20m	$81K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.141%Rate

Funding earned: $11.13
Price spread: +0.141% → +0.037%: $10.41
Slippage, 4 orders: −$6.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $1.45
Costs to cover: 0.201%
Break-even: 6.1 days

Slippage from Extended: 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 Extended live order book, 2 min ago	0.14 bp	3.3 bp −$3	19.2 bp −$192	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.05 bp	5.6 bp −$6	9.1 bp −$91	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	−0.0272%	4h	1,050.6	+0.124%	$1.3M	$671K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,050.4	+0.110%	$277K	$855K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.1	+0.079%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.7	+0.041%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.4	+0.110%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.1	+0.079%	$24K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.1	+0.178%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.5	+0.019%	$66K	$338K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.9	+0.060%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,050	+0.066%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.7	+0.041%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.6	+0.032%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,049.3	long leg	$567K	$1.1M	10x
QFEX MU-USD	+0.0040%	1h	1,050	+0.070%	$7.4M	$19.5M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	+0.081%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.178%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.6	+0.032%	$178.1M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	+0.041%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.8	+0.055%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	+0.061%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0054%	8h	1,049.7	+0.044%	$30.8M	$100.5M	50x	as long as short
Paradex MU-USD-PERP	+0.0063%	8h	1,050.2	+0.088%	$2K	—	5x	as long as short
GRVT MU_USDT_Perpshort	+0.0085%	8h	1,050.7	+0.141%	$81K	$1.3M	10x
Pacifica MU	+0.0100%	1h	1,050.2	+0.091%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.7	+0.045%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.9	+0.160%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.8	+0.053%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.200%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.7	+0.043%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.097%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0164%	8h	1,049.9	+0.065%	$21.6M	$51.5M	20x	as long as short
Variational Omni MU	+0.0181%	8h	1,049.8	+0.046%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0201%	8h	1,049.8	+0.051%	$126.5M	$523.6M	50x	as long as short
Bitget MUUSDT	+0.0245%	8h	1,049.7	+0.043%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.3	+0.099%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.3	+0.094%	$334K	$348K	20x	as long as short