Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: GRVT against tradeXYZ−0.057%86s7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as 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−$330.325% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days+0.090%+$9 · spread now −0.057%, 7d avg +0.098%
=Together, before fees+0.049%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.156% cheaper against tradeXYZ than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.098%). Swap the legs. The two prices were read 86 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 | tradeXYZ xyz:MU | 1,037 | 0.0050 | pay 0.0006% / 1h | 45m 58s | $176.3M | $84.0M | 10x |
| Short | GRVT MU_USDT_Perp | 1,036.4 | 0 | get 0.0000% / 8h | 45m 58s | $71K | $1.4M | 10x |
tradeXYZ xyz:MU
GRVT MU_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against tradeXYZ. 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
- −$10.5
- Price spread: −0.057% → +0.098%
- −$15.55
- Slippage, 4 orders
- −$5.52
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$58.57
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; GRVT: live order book, 2 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 tradeXYZ live order book, 3 min ago | 0.48 bp | 9.9 bp −$10 | 11.5 bp −$115 | 17.4 bp −$1,744 | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.05 bp | 5.3 bp −$5 | 7.6 bp −$76 | 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 | −0.0547% | 4h | 1,036.2 | −0.078% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0210% | 8h | 1,037.5 | +0.046% | $20.2M | $40.1M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.9 | +0.083% | $21.1M | $65.0M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.5 | +0.043% | $122.1M | $538.4M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.3 | +0.031% | $18.7M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.4 | +0.034% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.1 | +0.109% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.2 | +0.020% | $61.4M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.2 | −0.074% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perpshort | 0.0000% | 8h | 1,036.4 | −0.057% | $71K | $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 | 1,038.1 | +0.101% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.3 | +0.220% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.1 | +0.012% | $74K | $597K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.1 | +0.011% | $128K | $462K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,036.7 | −0.033% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038 | +0.092% | $7.0M | $18.8M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037.4 | +0.041% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.9 | −0.008% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.385% | $19K | $5K | 12x | as long as short |
| Nado MU-PERP | +0.0035% | 1h | 1,037.3 | +0.028% | $279K | $808K | 10x | as long as short |
| Bullet MU-USD | +0.0040% | 1h | 1,037.6 | +0.057% | $25K | $389K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036.9 | −0.013% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.6 | +0.054% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUlong | +0.0050% | 1h | 1,037 | long leg | $176.3M | $84.0M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.2 | +0.019% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.3 | +0.028% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.7 | −0.130% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.9 | +0.089% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0080% | 1h | 1,037.5 | +0.052% | $1.0M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.1 | +0.010% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,037.2 | +0.020% | $725K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.8 | +0.074% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.2 | +0.021% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | +0.142% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.4 | +0.037% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.3 | +0.123% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,037.8 | +0.077% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Nado MU-PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU