Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against GRVT−0.009%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.009%, 7d avg −0.033%

Together, before fees+0.021%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against GRVT than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MU_USDT_Perp	1,035.3	0	get 0.0000% / 8h	2h 30m	$75K	$1.4M	10x
Short	ApeX Omni MUUSDT	1,035.3	0.0100	get 0.0013% / 1h	30m 36s	$70K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.009%Rate

Funding earned: $21
Price spread: −0.009% → −0.033%: $2.47
Slippage, 4 orders: −$32.18
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$27.71
Costs to cover: 0.512%
Break-even: 16.2 days

Slippage from GRVT: live order book, 3 min ago; ApeX Omni: live order book, 16 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 GRVT live order book, 3 min ago	0.58 bp	6.1 bp −$6	8.5 bp −$85	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	7.68 bp	19.7 bp −$20	184.9 bp −$1,849	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	−0.0955%	4h	1,035.8	+0.043%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.4	+0.199%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.5	+0.209%	$121.3M	$530.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.4	+0.196%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.3	+0.187%	$30.0M	$100.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.5	+0.206%	$335K	$370K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.9	+0.151%	$61.5M	$28.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,037.5	+0.204%	$20.4M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,036	+0.065%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perplong	0.0000%	8h	1,035.3	long leg	$75K	$1.4M	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,035.5	+0.017%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.3	+0.190%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036	+0.067%	$73K	$512K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.2	+0.083%	$127K	$447K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,036.9	+0.149%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,035.1	−0.024%	$277K	$819K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,037.2	+0.182%	$7.0M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0024%	1h	1,035.9	+0.054%	$25K	$390K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.9	+0.148%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	+0.127%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.547%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.4	+0.099%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.6	+0.026%	—	$174K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.6	+0.122%	$176.1M	$92.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.4	+0.006%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.7	+0.035%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.7	−0.059%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,037.3	+0.192%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.5	+0.016%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037	+0.156%	$146K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.8	+0.144%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,035.3	−0.009%	$70K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.7	+0.032%	$823	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,037.2	+0.180%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.9	+0.153%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,035.9	+0.050%	$731K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,037.1	+0.170%	$530K	$270K	15x	as long as short