Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against GRVT+0.046%50s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.265% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.046%, 7d avg −0.023%

Together, before fees−0.079%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.070% dearer against GRVT than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MU_USDT_Perp	1,037.6	0	get 0.0000% / 8h	2h 14m	$84K	$1.4M	10x
Short	Bybit MUUSDT	1,038.1	0	get 0.0000% / 8h	2h 14m	$18.6M	$32.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.023%: $6.98
Slippage, 4 orders: −$6.47
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.48
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Bybit: 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 GRVT live order book, 3 min ago	0.05 bp	4.9 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.14 bp	6.5 bp −$6	10.6 bp −$106	39.2 bp −$3,917	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	−0.0293%	4h	1,037.4	−0.020%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0164%	8h	1,038.2	+0.057%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.8	+0.021%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.9	+0.024%	$121.8M	$534.7M	50x	as long as short
Bybit MUUSDTshort	0.0000%	8h	1,038.1	+0.046%	$18.6M	$32.1M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	+0.059%	$29.9M	$100.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.9	−0.067%	$317K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.5	−0.010%	$61.4M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−0.118%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perplong	0.0000%	8h	1,037.6	long leg	$84K	$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	1,037.5	−0.008%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.3	+0.067%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.5	−0.112%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,036.6	−0.103%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,036.5	−0.113%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0024%	1h	1,036.1	−0.147%	$276K	$818K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0030%	1h	1,036.6	−0.099%	$73K	$525K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.6	−0.002%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.9	−0.069%	$538K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0033%	1h	1,036.8	−0.076%	$25K	$389K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.324%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.8	−0.083%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.5	−0.104%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.5	−0.011%	$176.4M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.5	−0.108%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.9	−0.070%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.055%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,038	+0.039%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.5	−0.108%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.6	−0.006%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.4	−0.026%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.7	−0.091%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.7	−0.086%	$824	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,037.7	+0.011%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.5	−0.013%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.159%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,037.1	−0.050%	$530K	$270K	15x	as long as short