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−0.0033%/8h= −3.6% APRpaid last 24h +0.023%
Price spread now: GRVT against Injective−1.178%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.164%+$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 1.178% cheaper against Injective than usual: you would sell low and buy high (−$118 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.164%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective MU/USDC PERP1,051.40.0033pay 0.0004% / 1h38m 04s$19K$5K12x
ShortGRVT MU_USDT_Perp1,0390get 0.0000% / 8h38m 04s$71K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Injective. 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
−$7
Price spread: −1.178% → 0.000%
−$117.77
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$133.79
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; GRVT: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell GRVT live order book, 5 min ago0.82 bp5.5 bp −$67.8 bp −$78doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0986%4h1,038.8−1.193%$1.3M$672K10xas long as short
Bitget MUUSDT−0.0184%8h1,038.2−1.253%$20.2M$40.1M50xas long as short
Aster MUUSD10.0000%8h1,038.6−1.218%$21.2M$65.4M20xas long as short
Binance MUUSDT0.0000%8h1,038−1.266%$122.1M$538.6M50xas long as short
Bybit MUUSDT0.0000%8h1,037.9−1.277%$18.7M$32.3M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,037.9−1.283%$29.8M$100.1M50xas long as short
RISEx MU/USDC0.0000%1h1,038.2−1.253%$313K$385K20xas long as short
Gate MU_USDT0.0000%8h1,037.8−1.289%$61.4M$28.3M75xas long as short
Variational Omni MU0.0000%8h1,038.9−1.184%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perpshort0.0000%8h1,039−1.178%$71K$1.4M10x
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,038.1−1.260%$188K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,039.7−1.111%$11K$5.6M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,037.8−1.292%$74K$606K10xas long as short
HTX MU-USDT0.0000%8h1,037.6−1.312%$127K$479K50xas long as short
Aftermath Perps MUUSD+0.0016%1h1,038−1.275%$3K$44K10xas long as short
QFEX MU-USD+0.0021%1h1,037.8−1.288%$7.0M$18.8M10xas long as short
Nado MU-PERP+0.0023%1h1,037.8−1.292%$279K$808K10xas long as short
Bullet MU-USD+0.0024%1h1,038.1−1.263%$25K$390K10xas long as short
Lighter RH MU+0.0032%1h1,038−1.270%$1.1M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,037.7−1.297%$546K$1.1M10xas long as short
Injective MU/USDC PERPlong+0.0033%1h1,051.4long leg$19K$5K12x
Arcus MU-USD+0.0040%1h1,037.6−1.313%$90K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,038.1−1.263%$175K25xas long as short
Lighter MU+0.0048%1h1,038.1−1.265%$1.0M$4.9M20xas long as short
tradeXYZ xyz:MU+0.0050%1h1,037.9−1.280%$176.4M$82.6M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,037.7−1.299%$168K$195K10xas long as short
SoDEX MU-USD+0.0050%1h1,037.9−1.285%$681K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,038.3−1.243%$1.9M$2.7M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,037.9−1.278%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,037.6−1.304%$32K$1K10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,037.9−1.280%$725K$1.2M10xas long as short
Pacifica MU+0.0100%1h1,038−1.268%$147K$188K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,037.8−1.293%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,038.5−1.223%$70K$269K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,038−1.274%$825$79920xas long as short
BloFin MU-USDT+0.0120%8h1,038−1.275%$1.4M$2.1M20xas long as short
Phoenix MU+0.0232%1h1,038.9−1.185%$531K$270K15xas long as short