Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.001%
Price spread now: Pacifica against GRVT−0.005%52s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as 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−$270.271% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.005%, 7d avg −0.079%
=Together, before fees+0.162%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.074% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.079%. The two prices were read 52 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 46m | $78K | $1.3M | 10x |
| Short | Pacifica MU | 1,051.9 | 0.0100 | get 0.0013% / 1h | 46m 08s | $148K | $185K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $21
- Price spread: −0.005% → −0.079%
- $7.45
- Slippage, 4 orders
- −$10.15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $1.3
- Costs to cover
- 0.271%
- Break-even
- 6.6 days
Slippage from GRVT: live order book, 2 min ago; Pacifica: live order book, 12 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 Pacifica live order book, 12 min ago | 2.19 bp | 9.2 bp −$9 | doesn't fit | 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 | −0.0314% | 4h | 1,051.5 | −0.040% | $1.3M | $672K | 10x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.1 | +0.017% | $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_USDT | 0.0000% | 8h | 1,051.9 | −0.006% | $62.3M | $27.4M | 75x | as long as short |
| 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 | +0.009% | $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 | 1,052.1 | +0.011% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052 | +0.008% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.6 | −0.029% | $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 | +0.0070% | 1h | 1,051.7 | −0.023% | $178.8M | $99.1M | 10x | as long as short |
| Binance MUUSDT | +0.0080% | 8h | 1,052.1 | +0.013% | $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 MUshort | +0.0100% | 1h | 1,051.9 | −0.005% | $148K | $185K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.9 | −0.007% | $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 |
GRVT MU_USDT_Perp
Pacifica MU
edgeX MUUSDC
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aster MUUSD1
Bybit MUUSDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Variational Omni MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
KuCoin MUUSDTM
ApeX Omni MUUSDT
Bitget MUUSDT
BloFin MU-USDT
Phoenix MU