Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.036%

Price spread now: tradeXYZ against GRVT−0.060%46s7-day average −0.064% · 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−$320.320% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.060%, 7d avg −0.064%

Together, before fees+0.020%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MU_USDT_Perp	1,046.3	0.0255	pay 0.0255% / 8h	36m 36s	$82K	$1.4M	10x
Short	tradeXYZ xyz:MU	1,045.7	0.0260	get 0.0032% / 1h	36m 36s	$176.7M	$105.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.060%Rate

Funding earned: $1.04
Price spread: −0.060% → −0.064%: $0.34
Slippage, 4 orders: −$4.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.56
Costs to cover: 0.320%
Break-even: 211.9 days

Slippage from GRVT: live order book, 2 min ago; tradeXYZ: 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	0.24 bp	6.9 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.48 bp	10.2 bp −$10	10.6 bp −$106	14.3 bp −$1,432	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	−0.0674%	4h	1,046	−0.035%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.6	−0.066%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.4	−0.086%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.116%	$12K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	−0.080%	$124K	$444K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.5	−0.076%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.419%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,045.5	−0.077%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	−0.049%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.1	−0.118%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.6	−0.075%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.9	−0.137%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.6	−0.066%	$7.8M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,045.5	−0.079%	$30.8M	$105.2M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0094%	1h	1,045.5	−0.076%	$62K	$264K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	−0.092%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.076%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.3	−0.003%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	−0.068%	$831	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,045.5	−0.082%	$998K	$4.8M	20x	as long as short
Bitget MUUSDT	+0.0133%	8h	1,045.6	−0.072%	$20.5M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.5	−0.081%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0139%	8h	1,045.6	−0.068%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0173%	8h	1,046.3	−0.007%	$21.6M	$47.3M	20x	as long as short
Bullet MU-USD	+0.0187%	1h	1,045.8	−0.055%	$25K	$394K	10x	as long as short
Variational Omni MU	+0.0202%	8h	1,046.1	−0.024%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0210%	8h	1,045.5	−0.081%	$124.6M	$533.1M	50x	as long as short
Nado MU-PERP	+0.0217%	1h	1,045	−0.124%	$270K	$876K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.082%	$757K	$1.3M	10x	as long as short
GRVT MU_USDT_Perplong	+0.0255%	8h	1,046.3	long leg	$82K	$1.4M	10x
tradeXYZ xyz:MUshort	+0.0260%	1h	1,045.7	−0.060%	$176.7M	$105.0M	10x
Bybit MUUSDT	+0.0281%	8h	1,045.6	−0.073%	$19.2M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0332%	8h	1,045.7	−0.056%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	−0.041%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	−0.095%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046	−0.028%	$316K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0632%	1h	1,045	−0.125%	$542K	$1.1M	10x	as long as short