Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0035%/8hpaid last 24h 0.000%

Price spread now: Arcus against GRVT−0.182%7-day average −0.049% · 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−$41as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 3 days (all we have)+0.199%+$20 · spread now −0.182%, 7d avg −0.049%

Together, before fees+0.276%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.133% cheaper against GRVT than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of −0.049%). If the spread goes back, that is −$13 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.077% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MU_USDT_Perp	1,048.2	0.0006	pay 0.0006% / 8h	4h 07m	$78K	$1.3M	10x
Short	Arcus MU-USD	1,046.3	0.0041	get 0.0005% / 1h	7m 11s	$63K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.182%Rate

Funding earned: $7.31
Price spread: −0.182% → −0.049%: −$13.33
Slippage, 4 orders: −$14.39
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$33.92
Costs to cover: 0.279%
Break-even: 39.5 days

Slippage from GRVT: live order book, just now; Arcus: live order book, 25 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, just now	2.29 bp	7.6 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Arcus live order book, 25 min ago	2.63 bp	6.7 bp −$7	6.9 bp −$69	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	−0.0407%	4h	1,047.8	−0.040%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.9	−0.130%	$21.5M	$27.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046.9	−0.127%	$125.7M	$525.0M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.8	−0.133%	$31.0M	$102.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,046.6	−0.159%	$288K	$334K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.6	−0.156%	$63.7M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	+0.040%	$2.7M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,045.7	−0.240%	$190K	$3.2M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.8	+0.055%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.2	−0.099%	$125K	$441K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perplong	+0.0006%	8h	1,048.2	long leg	$78K	$1.3M	10x
Bybit MUUSDT	+0.0012%	8h	1,046.8	−0.133%	$19.0M	$31.5M	100x	as long as short
Bitget MUUSDT	+0.0024%	8h	1,046.6	−0.159%	$20.3M	$41.7M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.6	−0.155%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.237%	$14K	$302	12x	as long as short
Arcus MU-USDshort	+0.0041%	1h	1,046.3	−0.182%	$63K	$236K	10x
QFEX MU-USD	+0.0045%	1h	1,046.6	−0.156%	$7.9M	$23.6M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.2	−0.097%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.8	−0.136%	$166K	$176K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.8	−0.138%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,046	−0.209%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,046.7	−0.148%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,046.9	−0.128%	$1.0M	$4.7M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047	−0.116%	$34K	—	10x	as long as short
Bullet MU-USD	+0.0083%	1h	1,047.4	−0.079%	$25K	$397K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.2	−0.189%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.5	−0.167%	$5.3M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.8	−0.141%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	−0.114%	$832	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0102%	1h	1,047	−0.117%	$178.6M	$98.9M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,047.5	−0.066%	$761K	$1.8M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.9	−0.131%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0128%	1h	1,046.5	−0.164%	$526K	$1.0M	10x	as long as short
Nado MU-PERP	+0.0131%	1h	1,046.4	−0.175%	$335K	$807K	10x	as long as short
Aftermath Perps MUUSD	+0.0169%	1h	1,047.3	−0.091%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0256%	1h	1,047.1	−0.108%	$55K	$154K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,046.7	−0.146%	$535K	$219K	15x	as long as short