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

MMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.092%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$800.799% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 7 days+0.060%+$6 · spread now −0.092%, 7d avg +0.002%
Together, before fees+0.088%+$9 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: OKX is 0.094% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MMTUSDT0.16540.0100pay 0.0050% / 4h2h 25m$5.4M$4.2M50x
ShortOKX MMT-USDT-SWAP0.16520.0100get 0.0050% / 4h2h 25m$1.6M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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: −0.092% → +0.002%
−$9.43
Slippage, 4 orders
−$59.89
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$89.32
Costs to cover
0.799%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 12 min ago3.04 bp26.7 bp −$27118.0 bp −$1,180doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago3.03 bp18.1 bp −$1880.9 bp −$809doesn't fitdoesn't fit

MMT on 11 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
Aster MMTUSDT+0.0100%4h0.1651−0.126%$6K$30K5xas long as short
Binance MMTUSDTlong+0.0100%4h0.1654long leg$5.4M$4.2M50x
Bybit MMTUSDT+0.0100%4h0.1652−0.068%$1.4M$754K25xas long as short
OKX MMT-USDT-SWAPshort+0.0100%4h0.1652−0.092%$1.6M$2.7M20x
MEXC MMT_USDT+0.0100%4h0.1653−0.032%$486K$163K20xas long as short
KuCoin MMTUSDTM+0.0100%4h0.1651−0.141%$597K$105K50xas long as short
Bitget MMTUSDT+0.0100%4h0.1653−0.032%$1.4M$490K50xas long as short
BingX MMT-USDT+0.0100%4h0.1652−0.092%$6.5Mas long as short
Variational Omni MMT+0.0100%4h0.1646−0.460%$2K$5Kas long as short
BloFin MMT-USDT+0.0138%4h0.1648−0.334%$381K$10K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MMT_USDT+0.0461%8h0.1651−0.153%$554K$289K50xas long as short