Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0569%/8h= +62.3% APRnext payment +$5.69 per $10,000 · paid last 24h +0.020%
Price spread now: GRVT against HTX−0.010%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.330% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.150%+$15 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.010%, 7d avg +0.006%
Together, before fees+0.162%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX MU-USDT1,051.30get 0.0000% / 8h7h 06m$129K$424K50x
ShortGRVT MU_USDT_Perp1,051.20.0569get 0.0569% / 8h7h 06m$83K$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against HTX. 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

Funding earned
$119.49
Price spread: −0.010% → +0.006%
−$1.61
Slippage, 4 orders
−$11.99
Fee HTX: 6 bp × 2 orders
−$12
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$84.89
Costs to cover
0.330%
Break-even
2.0 days
Slippage from HTX: live order book, 2 min ago; GRVT: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago3.09 bp11.1 bp −$1116.0 bp −$16031.8 bp −$3,181doesn't fit
Sell GRVT live order book, 2 min ago0.52 bp6.1 bp −$68.6 bp −$86doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0751%4h1,051.1−0.017%$1.3M$671K10xas long as short
Gate MU_USDT0.0000%8h1,051.2−0.009%$62.7M$29.1M75xas long as short
StandX MU-USD0.0000%1h1,050.4−0.084%$190K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,052.6+0.122%$11K$6.1M10xas long as short
HTX MU-USDTlong0.0000%8h1,051.3long leg$129K$424K50x
Aftermath Perps MUUSD+0.0022%1h1,051−0.033%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,051−0.028%$1.2M$4.2M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+0.006%$19K$5K12xas long as short
Vest MU-USD-PERP+0.0046%1h1,052.1+0.079%$179K25xas long as short
Lighter MU+0.0048%1h1,051−0.025%$1.1M$4.8M20xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MU-USD+0.0050%1h1,051−0.029%$171K$203K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,050.8−0.049%$2.0M$2.3M10xas long as short
QFEX MU-USD+0.0054%1h1,051.1−0.019%$7.6M$21.2M10xas long as short
SoDEX MU-USD+0.0068%1h1,051.4+0.010%$690K$16K10xas long as short
Paradex MU-USD-PERP+0.0085%8h1,051.2−0.010%$2K5xas long as short
Nado MU-PERP+0.0087%1h1,050.8−0.051%$274K$857K10xas long as short
Pacifica MU+0.0100%1h1,051.1−0.017%$149K$186K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,051.1−0.021%$5.3M$3.5M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,050.6−0.063%$71K$268K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,051.4+0.007%$836$79920xas long as short
OKX MU-USDT-SWAP+0.0108%8h1,051.7+0.034%$31.0M$101.7M50xas long as short
Aevo MU-PERP+0.0144%1h1,051.3+0.004%$32K$1K10xas long as short
Bullet MU-USD+0.0177%1h1,051.5+0.019%$26K$396K10xas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,050.5−0.078%$762K$1.2M10xas long as short
Bybit MUUSDT+0.0201%8h1,051.9+0.060%$19.4M$32.6M100xas long as short
tradeXYZ xyz:MU+0.0204%1h1,051.30.000%$178.5M$100.1M10xas long as short
Arcus MU-USD+0.0240%1h1,051.2−0.013%$71K$242K10xas long as short
Deribit MU_USDC-PERPETUAL+0.0245%1h1,051.4+0.010%$65K$312K10xas long as short
Variational Omni MU+0.0248%8h1,051.1−0.024%$2.7M$2.4Mas long as short
Aster MUUSD1+0.0264%8h1,050.9−0.041%$21.6M$48.4M20xas long as short
Binance MUUSDT+0.0267%8h1,051.5+0.016%$126.4M$521.4M50xas long as short
RISEx MU/USDC+0.0312%1h1,051.3−0.003%$316K$339K20xas long as short
Extended MU_24_5-USD+0.0312%1h1,050.6−0.062%$559K$1.1M10xas long as short
Phoenix MU+0.0383%1h1,051.5+0.019%$538K$306K15xas long as short
BloFin MU-USDT+0.0386%8h1,051.6+0.027%$1.5M$2.0M20xas long as short
Bitget MUUSDT+0.0417%8h1,051.3−0.005%$20.6M$41.6M50xas long as short
GRVT MU_USDT_Perpshort+0.0569%8h1,051.2−0.010%$83K$1.3M10x