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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h −0.011%
Price spread now: GRVT against Ondo Perps+0.066%53s7-day average +0.112% · you sell dearer than you buy
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+0.076%+$8 on $10k
Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.066%, 7d avg +0.112%
Together, before fees+0.113%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.046% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.112%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.076% in total) that is about 4.3 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MU-USD.P1,044.60.0050pay 0.0006% / 1h22m 09s$2.0M$2.7M10x
ShortGRVT MU_USDT_Perp1,045.30.0226get 0.0226% / 8h22m 09s$82K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Ondo Perps. 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
$36.88
Price spread: +0.066% → +0.112%
−$4.62
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$18.26
Costs to cover
0.140%
Break-even
3.5 days
Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 1 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 Ondo Perps no order-book sample
Sell GRVT live order book, 1 min ago0.67 bp5.2 bp −$58.0 bp −$80doesn't fitdoesn't fit
Ondo Perps: 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−0.0561%4h1,045.3+0.073%$1.3M$672K10xas long as short
Gate MU_USDT0.0000%8h1,045.7+0.103%$63.0M$29.1M75xas long as short
StandX MU-USD0.0000%1h1,045.2+0.062%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,047.4+0.269%$12K$6.5M10xas long as short
HTX MU-USDT0.0000%8h1,045.5+0.092%$129K$455K50xas long as short
Aftermath Perps MUUSD+0.0030%1h1,045.2+0.059%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,045.6+0.100%$1.2M$4.3M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.588%$14K$30212xas long as short
Vest MU-USD-PERP+0.0046%1h1,045.8+0.120%$194K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045.4+0.079%$169K$193K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MU-USD+0.0050%1h1,045.7+0.109%$686K$16K10xas long as short
Ondo Perps MU-USD.Plong+0.0050%1h1,044.6long leg$2.0M$2.7M10x
OKX MU-USDT-SWAP+0.0074%8h1,045.9+0.129%$30.8M$105.0M50xas long as short
Lighter MU+0.0080%1h1,045.6+0.101%$1.0M$4.9M20xas long as short
QFEX MU-USD+0.0080%1h1,045.4+0.076%$7.9M$23.9M10xas long as short
Pacifica MU+0.0100%1h1,045.5+0.086%$153K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,045.3+0.073%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,045.9+0.125%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045.6+0.101%$831$79920xas long as short
Paradex MU-USD-PERP+0.0115%8h1,045.5+0.087%$2K5xas long as short
Bitget MUUSDT+0.0118%8h1,045.6+0.094%$20.5M$43.5M50xas long as short
Bullet MU-USD+0.0118%1h1,045.9+0.130%$25K$394K10xas long as short
Aevo MU-PERP+0.0128%1h1,045.5+0.091%$33K10xas long as short
Aster MUUSD1+0.0161%8h1,045.9+0.124%$21.5M$47.3M20xas long as short
Deribit MU_USDC-PERPETUAL+0.0161%1h1,045.6+0.094%$62K$275K10xas long as short
Nado MU-PERP+0.0163%1h1,045.2+0.060%$271K$875K10xas long as short
Variational Omni MU+0.0183%8h1,045.3+0.067%$2.7M$2.5Mas long as short
Binance MUUSDT+0.0189%8h1,045.8+0.119%$124.4M$532.7M50xas long as short
tradeXYZ xyz:MU+0.0203%1h1,045.5+0.089%$176.7M$104.5M10xas long as short
Coinbase International MU-PERP-INTX+0.0224%1h1,044.9+0.034%$757K$1.3M10xas long as short
GRVT MU_USDT_Perpshort+0.0226%8h1,045.3+0.066%$82K$1.4M10x
Bybit MUUSDT+0.0267%8h1,045.8+0.119%$19.2M$32.4M100xas long as short
BloFin MU-USDT+0.0310%8h1,045.5+0.085%$1.5M$2.0M20xas long as short
Extended MU_24_5-USD+0.0384%1h1,045+0.041%$541K$1.1M10xas long as short
Phoenix MU+0.0460%1h1,046.1+0.146%$535K$306K15xas long as short
Arcus MU-USD+0.0462%1h1,045.3+0.065%$70K$244K10xas long as short
RISEx MU/USDC+0.0525%1h1,045.9+0.126%$316K$339K20xas long as short