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: HTX against GRVT0.000%77s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$320.318% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.031%−$3 · spread now 0.000%, 7d avg −0.037%

Together, before fees−0.192%+ Points / potential airdropGRVT: Active · farm board−$19 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: HTX is 0.037% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 77 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	1,043.5	0	get 0.0000% / 8h	2h 50m	$83K	$1.4M	10x
Short	HTX MU-USDT	1,043.5	0	get 0.0000% / 8h	2h 50m	$128K	$440K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.037%: $3.65
Slippage, 4 orders: −$10.78
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.13
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; HTX: live order book, 63 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	1.15 bp	6.2 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell HTX live order book, 63 min ago	2.81 bp	9.2 bp −$9	9.2 bp −$92	14.0 bp −$1,402	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	−0.0859%	4h	1,043	−0.045%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044	+0.045%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.5	+0.003%	$123.0M	$526.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043.7	+0.017%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.5	+0.004%	$30.5M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	+0.064%	$337K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.5	−0.002%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.8	+0.029%	$20.5M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.4	−0.007%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perplong	0.0000%	8h	1,043.5	long leg	$83K	$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	1,043.6	+0.011%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.5	+0.189%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,043.4	−0.005%	$73K	$501K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,043.5	0.000%	$128K	$440K	50x
Nado MU-PERP	+0.0010%	1h	1,043.8	+0.027%	$281K	$821K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.5	−0.099%	$3K	$44K	10x	as long as short
Bullet MU-USD	+0.0022%	1h	1,043.7	+0.020%	$26K	$392K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,043.8	+0.031%	$7.0M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.6	+0.006%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.1	−0.034%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.754%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.9	−0.060%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.3	+0.076%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.3	−0.018%	$177.3M	$93.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.7	+0.020%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.4	−0.007%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.1	−0.034%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,043.9	+0.040%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.2	−0.024%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.9	+0.037%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.3	−0.017%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.1	−0.034%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.6	+0.011%	$830	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,043.6	+0.011%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0128%	1h	1,043.8	+0.032%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	−0.016%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043	−0.047%	$534K	$270K	15x	as long as short