Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h 0.000%

Price spread now: Aevo against GRVT−0.001%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MU_USDT_Perp	1,052.1	0	get 0.0000% / 8h	4h 40m	$78K	$1.3M	10x
Short	Aevo MU-PERP	1,052.1	0.0096	get 0.0012% / 1h	40m 31s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.001%Rate

Funding earned: $20.16
Price spread: −0.001% → 0.000%: −$0.05
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.89
Costs to cover: 0.250%
Break-even: 8.7 days

Slippage unknown: GRVT: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

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 GRVT live order book, 3 min ago	1.19 bp	7.1 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0746%	4h	1,052.4	+0.027%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.5	+0.042%	$31.2M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.8	+0.067%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.5	+0.034%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perplong	0.0000%	8h	1,052.1	long leg	$78K	$1.3M	10x
StandX MU-USD	0.0000%	1h	1,052	−0.010%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.2	+0.199%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.032%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0006%	8h	1,052.4	+0.034%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,052	−0.007%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0018%	8h	1,052.9	+0.078%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.6	+0.044%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.025%	$564K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0032%	1h	1,052.6	+0.048%	$25K	$398K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.069%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.4	+0.027%	$7.2M	$18.0M	10x	as long as short
Variational Omni MU	+0.0036%	8h	1,052.5	+0.037%	$2.7M	$2.4M	—	as long as short
Nado MU-PERP	+0.0039%	1h	1,052.3	+0.016%	$282K	$843K	10x	as long as short
Lighter MU	+0.0040%	1h	1,052.6	+0.049%	$1.1M	$5.1M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052.1	−0.001%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.134%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.3	+0.020%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	+0.027%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.101%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.7	+0.061%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0071%	8h	1,052.6	+0.049%	$126.8M	$517.3M	50x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,052.3	+0.020%	$178.9M	$99.1M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.004%	$758K	$1.2M	10x	as long as short
Aevo MU-PERPshort	+0.0096%	1h	1,052.1	−0.001%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,052.2	+0.011%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.3	+0.017%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.6	−0.047%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.5	+0.040%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0122%	8h	1,052.4	+0.032%	$20.6M	$41.1M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0140%	1h	1,052.3	+0.018%	$69K	$416K	10x	as long as short
BloFin MU-USDT	+0.0193%	8h	1,052.6	+0.048%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.6	+0.048%	$538K	$271K	15x	as long as short