Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h +0.006%
Price spread now: GRVT against Paradex−0.192%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · GRVT: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.192% cheaper against Paradex than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | Paradex MU-USD-PERP | 1,037.3 | 0.0052 | pay 0.0052% / 8h | 2h 30m | $2K | — | 5x |
| Short | GRVT MU_USDT_Perp | 1,035.3 | 0 | get 0.0000% / 8h | 2h 30m | $75K | $1.4M | 10x |
Paradex MU-USD-PERP
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Paradex. 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
- −$10.84
- Price spread: −0.192% → 0.000%
- −$19.17
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$43.02
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 2 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 2 min ago | 0.58 bp | 5.7 bp −$6 | 8.3 bp −$83 | doesn't fit | doesn't fit |
Paradex: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MUUSDC | −0.0955% | 4h | 1,035.8 | −0.149% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.4 | +0.007% | $21.1M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.5 | +0.017% | $121.3M | $530.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.4 | +0.004% | $18.5M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.3 | −0.005% | $30.0M | $100.3M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.5 | +0.014% | $335K | $370K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.9 | −0.041% | $61.5M | $28.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,037.5 | +0.012% | $20.4M | $41.1M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036 | −0.127% | $2.6M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perpshort | 0.0000% | 8h | 1,035.3 | −0.192% | $75K | $1.4M | 10x |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
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 | 1,035.5 | −0.174% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.3 | −0.002% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,036 | −0.125% | $73K | $512K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.2 | −0.109% | $127K | $447K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,036.9 | −0.043% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0023% | 1h | 1,035.1 | −0.215% | $277K | $819K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,037.2 | −0.010% | $7.0M | $18.0M | 10x | as long as short |
| Bullet MU-USD | +0.0024% | 1h | 1,035.9 | −0.138% | $25K | $390K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.9 | −0.044% | $1.2M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.7 | −0.065% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.353% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036.4 | −0.092% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.6 | −0.166% | — | $174K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036.6 | −0.070% | $176.1M | $92.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.4 | −0.186% | $168K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.7 | −0.157% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,034.7 | −0.251% | $1.9M | $2.4M | 10x | as long as short |
| Paradex MU-USD-PERPlong | +0.0052% | 8h | 1,037.3 | long leg | $2K | — | 5x | |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.5 | −0.176% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037 | −0.036% | $146K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.8 | −0.048% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,035.3 | −0.200% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,035.7 | −0.160% | $823 | $799 | 20x | as long as short |
| Lighter MU | +0.0112% | 1h | 1,037.2 | −0.012% | $1.0M | $4.9M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.9 | −0.039% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,035.9 | −0.142% | $731K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.1 | −0.022% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
Bullet MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU