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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: GRVT against Variational Omni+0.155%104s7-day average +0.030% · 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 4 days (all we have)+0.017%+$2 on $10k
Price spread, last 7 days−0.153%−$15 · spread now +0.155%, 7d avg +0.030%
Together, before fees−0.135%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.125% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MU1,035.20get 0.0000% / 8h7h 53m$2.5M$2.6M
ShortGRVT MU_USDT_Perp1,036.80get 0.0000% / 8h7h 53m$80K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Variational Omni. 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
$0
Price spread: +0.155% → +0.030%
$12.47
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$3.47
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, just now; GRVT: live order book, 4 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 Variational Omni RFQ quote, just now1.89 bpdoesn't fit6.1 bp −$61doesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago0.96 bp6.1 bp −$610.3 bp −$103doesn't fitdoesn't fit

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−0.0168%4h1,036.3+0.102%$1.3M$672K10xas long as short
Bitget MUUSDT−0.0115%8h1,031.8−0.332%$19.9M$40.6M50xas long as short
Aster MUUSD10.0000%8h1,033−0.214%$21.1M$68.4M20xas long as short
Binance MUUSDT0.0000%8h1,032.7−0.247%$121.8M$539.1M50xas long as short
Bybit MUUSDT0.0000%8h1,032−0.316%$18.7M$32.0M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,031.7−0.340%$29.6M$100.7M50xas long as short
RISEx MU/USDC0.0000%1h1,032.1−0.299%$310K$381K20xas long as short
Gate MU_USDT0.0000%8h1,032−0.311%$61.9M$27.6M75xas long as short
Variational Omni MUlong0.0000%8h1,035.2long leg$2.5M$2.6M
GRVT MU_USDT_Perpshort0.0000%8h1,036.8+0.155%$80K$1.4M10x
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,036.1+0.087%$187K$3.5M20xas long as short
Bullet MU-USD0.0000%1h1,032.1−0.303%$25K$388K10xas long as short
SunX MU-USDT0.0000%8h1,033.3−0.191%$11K$5.4M10xas long as short
HTX MU-USDT0.0000%8h1,031.9−0.318%$126K$485K50xas long as short
Aftermath Perps MUUSD+0.0021%1h1,035.4+0.016%$3K$43K10xas long as short
QFEX MU-USD+0.0027%1h1,031.4−0.367%$7.0M$18.7M10xas long as short
Lighter MU+0.0032%1h1,031.7−0.338%$1.0M$4.9M20xas long as short
Lighter RH MU+0.0032%1h1,031.6−0.347%$1.1M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,031.6−0.355%$550K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.558%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,031.2−0.394%$89K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,031.7−0.342%$177K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,031.3−0.380%$175.0M$78.9M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,030.6−0.448%$167K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,032−0.313%$677K$15K10xas long as short
Paradex MU-USD-PERP+0.0050%8h1,031.9−0.321%$2K5xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,032.1−0.308%$1.9M$2.8M10xas long as short
Nado MU-PERP+0.0053%1h1,031.9−0.327%$273K$807K10xas long as short
Aevo MU-PERP+0.0080%1h1,031.4−0.369%$32K$1K10xas long as short
Coinbase International MU-PERP-INTX+0.0096%1h1,035.2+0.001%$724K$1.1M10xas long as short
Pacifica MU+0.0100%1h1,032−0.312%$144K$191K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,032.2−0.291%$5.1M$4.3M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,037+0.174%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,032.6−0.257%$821$79920xas long as short
BloFin MU-USDT+0.0120%8h1,032.8−0.240%$1.5M$2.1M20xas long as short
Deribit MU_USDC-PERPETUAL+0.0128%1h1,032.1−0.308%$73K$623K10xas long as short
Phoenix MU+0.0232%1h1,036.9+0.161%$530K$270K15xas long as short