Funding you earn now, next payment 00:00 UTC−0.1083%/8h= −118.6% APRpaid last 24h +0.048%
Price spread now: edgeX against GRVT+0.002%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs+$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days+0.710%+$71 on $10k
+Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.002%, 7d avg −0.021%
=Together, before fees+0.694%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.023% dearer against GRVT than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.021%): +$2 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.710%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.710% in total (about 37.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MU_USDT_Perp | 1,044 | 0.0218 | pay 0.0218% / 8h | 1h 16m | $77K | $1.4M | 10x |
| Short | edgeX MUUSDC | 1,044.1 | −0.0865 | pay 0.0433% / 4h | 1h 16m | $1.3M | $673K | 10x |
GRVT MU_USDT_Perp
edgeX MUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$227.53
- Price spread: +0.002% → −0.021%
- $2.32
- Slippage, 4 orders
- −$3.97
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$247.18
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; edgeX: 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 GRVT live order book, 1 min ago | 1.20 bp | 6.3 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 0.34 bp | 4.9 bp −$5 | 6.7 bp −$67 | 29.0 bp −$2,898 | 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 MUUSDCshort | −0.0865% | 4h | 1,044.1 | +0.002% | $1.3M | $673K | 10x | |
| Gate MU_USDT | 0.0000% | 8h | 1,043.2 | −0.078% | $62.9M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043 | −0.103% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.6 | +0.148% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.2 | −0.081% | $125K | $442K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.1 | −0.094% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.639% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,043.5 | −0.052% | $3K | $45K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0037% | 8h | 1,043.3 | −0.072% | $30.8M | $104.8M | 50x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,042.8 | −0.118% | — | $194K | 25x | as long as short |
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
OKX MU-USDT-SWAP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.1 | −0.090% | $165K | $197K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.3 | −0.076% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.5 | −0.146% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.3 | −0.072% | $7.8M | $24.1M | 10x | as long as short |
| Aster MUUSD1 | +0.0090% | 8h | 1,044 | −0.009% | $21.5M | $47.4M | 20x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.9 | −0.109% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.1 | −0.087% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043.5 | −0.053% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.5 | −0.050% | $830 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0104% | 8h | 1,043.3 | −0.069% | $20.4M | $43.0M | 50x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.2 | −0.080% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0135% | 8h | 1,043.2 | −0.078% | $2K | — | 5x | as long as short |
| Variational Omni MU | +0.0141% | 8h | 1,044 | −0.003% | $2.6M | $2.6M | — | as long as short |
| Binance MUUSDT | +0.0161% | 8h | 1,043.4 | −0.058% | $124.7M | $535.8M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.2 | −0.078% | $755K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0200% | 1h | 1,043.3 | −0.075% | $998K | $4.8M | 20x | as long as short |
| GRVT MU_USDT_Perplong | +0.0218% | 8h | 1,044 | long leg | $77K | $1.4M | 10x | |
| Nado MU-PERP | +0.0219% | 1h | 1,042.4 | −0.156% | $273K | $874K | 10x | as long as short |
| Bybit MUUSDT | +0.0245% | 8h | 1,043.6 | −0.044% | $19.2M | $32.7M | 100x | as long as short |
| Bullet MU-USD | +0.0277% | 1h | 1,043.5 | −0.052% | $27K | $396K | 10x | as long as short |
| BloFin MU-USDT | +0.0281% | 8h | 1,043.6 | −0.045% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0324% | 1h | 1,043.2 | −0.080% | $176.2M | $106.7M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.2 | +0.015% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043 | −0.101% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,043.8 | −0.021% | $295K | $338K | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0633% | 1h | 1,043.2 | −0.078% | $61K | $247K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0688% | 1h | 1,042.3 | −0.169% | $547K | $1.1M | 10x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aster MUUSD1
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Variational Omni MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD