Funding you earn now, next payment 08:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.061%
Price spread now: Phoenix against GRVT−0.132%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.132%, 7d avg −0.022%
=Together, before fees+0.346%+ Points / potential airdropGRVT: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.109% cheaper against GRVT than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.022%). If the spread goes back, that is −$11 on $10k: about 38 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MU_USDT_Perp | 1,031.9 | 0 | get 0.0000% / 8h | 7h 46m | $72K | $1.4M | 10x |
| Short | Phoenix MU | 1,030.5 | 0.0231 | get 0.0029% / 1h | 46m 13s | $527K | $270K | 15x |
GRVT MU_USDT_Perp
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $48.54
- Price spread: −0.132% → −0.022%
- −$10.93
- Slippage, 4 orders
- −$17.88
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $3.73
- Costs to cover
- 0.339%
- Break-even
- 6.5 days
Slippage from GRVT: live order book, 2 min ago; Phoenix: live order book, 51 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 | 0.97 bp | 6.6 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 2.89 bp | 10.8 bp −$11 | 23.4 bp −$234 | 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 | −0.0134% | 4h | 1,031.6 | −0.028% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0092% | 8h | 1,030.2 | −0.159% | $19.8M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,030.7 | −0.112% | $21.1M | $68.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,030.2 | −0.159% | $121.3M | $542.4M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,030.3 | −0.154% | $18.6M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,030.1 | −0.174% | $29.5M | $100.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,030.2 | −0.157% | $310K | $380K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,030.1 | −0.173% | $61.9M | $27.8M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,032.2 | +0.036% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perplong | 0.0000% | 8h | 1,031.9 | long leg | $72K | $1.4M | 10x |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,030.6 | −0.119% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,031.2 | −0.060% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,029.9 | −0.195% | $119K | $492K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,031.1 | −0.074% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,029.5 | −0.230% | $6.9M | $18.8M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,030 | −0.185% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,029.5 | −0.226% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.890% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,029.6 | −0.224% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,029.7 | −0.212% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,029 | −0.277% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,029.9 | −0.189% | $676K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,028.9 | −0.288% | $1.9M | $2.8M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0055% | 8h | 1,029.6 | −0.220% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,030.1 | −0.167% | $991K | $4.9M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0065% | 1h | 1,030.3 | −0.151% | $174.4M | $80.4M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,029.9 | −0.188% | $32K | $1K | 10x | as long as short |
| Nado MU-PERP | +0.0088% | 1h | 1,029.6 | −0.222% | $272K | $806K | 10x | as long as short |
| Bullet MU-USD | +0.0092% | 1h | 1,030.3 | −0.151% | $25K | $390K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.8 | −0.107% | $720K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,029.3 | −0.247% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,029.8 | −0.201% | $5.1M | $4.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,030.9 | −0.089% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,030.1 | −0.167% | $819 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,030.4 | −0.140% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MUshort | +0.0231% | 1h | 1,030.5 | −0.132% | $527K | $270K | 15x | |
| Deribit MU_USDC-PERPETUAL | +0.0362% | 1h | 1,030.2 | −0.163% | $73K | $625K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
tradeXYZ xyz:MU
Aevo MU-PERP
Nado MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL