Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.021%
Price spread now: GRVT against Lighter RH−0.029%79s7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as 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−$160.162% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.029%, 7d avg +0.077%
=Together, before fees+0.182%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.106% cheaper against Lighter RH than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.077%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you. The two prices were read 79 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 | Lighter RH MU | 1,038.6 | 0.0032 | pay 0.0004% / 1h | 50m 08s | $1.2M | $4.4M | 10x |
| Short | GRVT MU_USDT_Perp | 1,038.3 | 0 | get 0.0000% / 8h | 1h 50m | $84K | $1.4M | 10x |
Lighter RH MU
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter RH. 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
- −$6.72
- Price spread: −0.029% → +0.077%
- −$10.57
- Slippage, 4 orders
- −$7.16
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$33.45
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; GRVT: 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 Lighter RH live order book, 3 min ago | 2.07 bp | 2.1 bp −$2 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.92 bp | 5.5 bp −$6 | 7.5 bp −$75 | 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 | −0.0643% | 4h | 1,038 | −0.057% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0096% | 8h | 1,039 | +0.033% | $20.3M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.2 | +0.053% | $21.1M | $57.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.7 | +0.011% | $121.7M | $537.0M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,039.1 | +0.051% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.3 | −0.034% | $29.9M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.6 | −0.004% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.8 | +0.021% | $61.5M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.8 | −0.081% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perpshort | 0.0000% | 8h | 1,038.3 | −0.029% | $84K | $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 | 1,037.6 | −0.101% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.6 | +0.091% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.1 | −0.049% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038 | −0.060% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0022% | 1h | 1,037.1 | −0.148% | $276K | $816K | 10x | as long as short |
| Lighter RH MUlong | +0.0032% | 1h | 1,038.6 | long leg | $1.2M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038.1 | −0.047% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038.5 | −0.014% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.228% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0035% | 1h | 1,038.5 | −0.011% | $25K | $390K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | −0.081% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.1 | −0.047% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.7 | +0.009% | $176.6M | $89.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038 | −0.059% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.9 | −0.065% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.3 | −0.128% | $1.9M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,038.7 | +0.004% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0080% | 1h | 1,038.5 | −0.007% | $1.1M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038 | −0.057% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.2 | −0.044% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.5 | −0.011% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.7 | −0.087% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.3 | −0.027% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,037.6 | −0.099% | $732K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038 | −0.058% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.4 | −0.117% | $531K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0241% | 1h | 1,038.4 | −0.024% | $74K | $545K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL