Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRnext payment +$1.08 per $10,000 · paid last 24h −0.007%
Price spread now: GRVT against OKX−0.071%101s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$240.236% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.071%, 7d avg +0.007%
=Together, before fees+0.090%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.078% cheaper against OKX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.007%). If the spread goes back, that is −$8 on $10k: about 2.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.011% in total) that is about 49 days. The two prices were read 101 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 | OKX MU-USDT-SWAP | 1,048.7 | 0.0087 | pay 0.0087% / 8h | 7h 53m | $30.9M | $101.7M | 50x |
| Short | GRVT MU_USDT_Perp | 1,048 | 0.0195 | get 0.0195% / 8h | 7h 53m | $82K | $1.4M | 10x |
OKX MU-USDT-SWAP
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against OKX. 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
- $22.67
- Price spread: −0.071% → +0.007%
- −$7.78
- Slippage, 4 orders
- −$4.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$8.66
- Costs to cover
- 0.236%
- Break-even
- 9.7 days
Slippage from OKX: live order book, 5 min ago; GRVT: live order book, 4 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 OKX live order book, 5 min ago | 0.05 bp | 5.2 bp −$5 | 7.1 bp −$71 | 25.4 bp −$2,539 | doesn't fit |
| Sell GRVT live order book, 4 min ago | 1.15 bp | 5.7 bp −$6 | 10.2 bp −$102 | 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 | −0.0946% | 4h | 1,047 | −0.168% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.6 | −0.012% | $63.2M | $28.3M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.1 | −0.151% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.3 | +0.149% | $11K | $6.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.3 | −0.044% | $130K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,046.2 | −0.238% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.2 | −0.049% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.191% | $14K | $251 | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,048.4 | −0.030% | $1.1M | $4.7M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049 | +0.025% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Lighter MU
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.6 | −0.107% | $2.0M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,048.5 | −0.018% | $7.9M | $23.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0055% | 1h | 1,048.5 | −0.021% | $62K | $292K | 10x | as long as short |
| Nado MU-PERP | +0.0073% | 1h | 1,048.4 | −0.027% | $271K | $859K | 10x | as long as short |
| OKX MU-USDT-SWAPlong | +0.0087% | 8h | 1,048.7 | long leg | $30.9M | $101.7M | 50x | |
| Pacifica MU | +0.0100% | 1h | 1,048.4 | −0.030% | $153K | $180K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.9 | −0.081% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.6 | −0.010% | $834 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0108% | 8h | 1,049 | +0.031% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,048.6 | −0.014% | $34K | — | 10x | as long as short |
| Bitget MUUSDT | +0.0149% | 8h | 1,048.4 | −0.027% | $20.6M | $41.5M | 50x | as long as short |
| Variational Omni MU | +0.0168% | 8h | 1,048.2 | −0.053% | $2.7M | $2.5M | — | as long as short |
| Aster MUUSD1 | +0.0177% | 8h | 1,047.9 | −0.075% | $21.6M | $47.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,046.7 | −0.195% | $759K | $1.3M | 10x | as long as short |
| Binance MUUSDT | +0.0185% | 8h | 1,048.7 | −0.005% | $125.4M | $525.7M | 50x | as long as short |
| GRVT MU_USDT_Perpshort | +0.0195% | 8h | 1,048 | −0.071% | $82K | $1.4M | 10x | |
| Arcus MU-USD | +0.0240% | 1h | 1,047.2 | −0.145% | $71K | $243K | 10x | as long as short |
| BloFin MU-USDT | +0.0303% | 8h | 1,048.4 | −0.029% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,048.7 | −0.002% | $315K | $339K | 20x | as long as short |
| Bybit MUUSDT | +0.0398% | 8h | 1,048.9 | +0.017% | $19.2M | $32.5M | 100x | as long as short |
| SoDEX MU-USD | +0.0418% | 1h | 1,048.4 | −0.030% | $688K | $16K | 10x | as long as short |
| ApeX Omni MUUSDT | +0.0451% | 1h | 1,048.3 | −0.036% | $71K | $267K | 50x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,048 | −0.068% | $536K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0616% | 1h | 1,048 | −0.072% | $550K | $1.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0781% | 1h | 1,048.4 | −0.030% | $170K | $202K | 10x | as long as short |
| Bullet MU-USD | +0.1027% | 1h | 1,048.7 | −0.001% | $26K | $394K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.1040% | 1h | 1,048.5 | −0.020% | $177.7M | $100.4M | 10x | as long as short |
Ondo Perps MU-USD.P
QFEX MU-USD
Deribit MU_USDC-PERPETUAL
Nado MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Bitget MUUSDT
Variational Omni MU
Aster MUUSD1
Coinbase International MU-PERP-INTX
Binance MUUSDT
Arcus MU-USD
BloFin MU-USDT
RISEx MU/USDC
Bybit MUUSDT
SoDEX MU-USD
ApeX Omni MUUSDT
Phoenix MU
Extended MU_24_5-USD
Polymarket Perps MU-USD
Bullet MU-USD
tradeXYZ xyz:MU