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 −0.031%

Price spread now: Gate against GRVT−0.009%96s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$340.340% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 7 days−0.055%−$6 · spread now −0.009%, 7d avg −0.053%

Together, before fees−0.216%+ Points / potential airdropGRVT: Active · farm board−$22 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: Gate is 0.044% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.053%. The two prices were read 96 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	1,051.9	0	get 0.0000% / 8h	4h 45m	$78K	$1.3M	10x
Short	Gate MU_USDT	1,051.9	0	get 0.0000% / 8h	4h 45m	$62.3M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.053%: $4.41
Slippage, 4 orders: −$10.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.64
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	0.90 bp	6.1 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.09 bp	10.4 bp −$10	15.6 bp −$156	34.1 bp −$3,410	57.8 bp −$28.9K

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	−0.0314%	4h	1,051.5	−0.040%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	+0.010%	$31.2M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.2	+0.024%	$333K	$348K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,051.9	−0.009%	$62.3M	$27.4M	75x
GRVT MU_USDT_Perplong	0.0000%	8h	1,051.9	long leg	$78K	$1.3M	10x
StandX MU-USD	0.0000%	1h	1,051.7	−0.026%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.8	+0.172%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.9	−0.007%	$69K	$410K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.9	−0.004%	$130K	$432K	50x	as long as short
Aster MUUSD1	+0.0012%	8h	1,052	+0.003%	$21.4M	$55.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0016%	8h	1,052.4	+0.041%	$19.2M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,051.7	−0.018%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,051.9	−0.004%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.8	−0.010%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.2	−0.066%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.055%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.8	−0.015%	$7.2M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0035%	1h	1,052	+0.006%	$25K	$398K	10x	as long as short
Nado MU-PERP	+0.0040%	1h	1,051.7	−0.025%	$282K	$843K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.031%	$71K	$234K	10x	as long as short
Variational Omni MU	+0.0042%	8h	1,051.8	−0.010%	$2.7M	$2.4M	—	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.110%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.013%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052	+0.001%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.6	−0.124%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,052.1	+0.017%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0069%	1h	1,051.7	−0.023%	$178.8M	$99.1M	10x	as long as short
Binance MUUSDT	+0.0078%	8h	1,051.9	−0.007%	$126.8M	$517.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,051.9	0.000%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.9	−0.005%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	−0.011%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.7	−0.020%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052	+0.006%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.5	−0.044%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0129%	8h	1,052	+0.002%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0200%	8h	1,052	+0.008%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.1	+0.015%	$538K	$271K	15x	as long as short