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

MMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BingX+0.091%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$840.844% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 7 days−0.135%−$13 · spread now +0.091%, 7d avg −0.034%
Together, before fees−0.166%−$17 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: Binance is 0.125% dearer against BingX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MMT-USDT0.16650.0100pay 0.0050% / 4h3h 17m$6.5M
ShortBinance MMTUSDT0.16670.0100get 0.0050% / 4h3h 17m$5.4M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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: +0.091% → −0.034%
$12.54
Slippage, 4 orders
−$64.37
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$71.83
Costs to cover
0.844%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Binance: live order book, 5 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 BingX live order book, 3 min ago6.00 bp21.7 bp −$2270.0 bp −$700616.9 bp −$61.7K1159.9 bp −$579.9K
Sell Binance live order book, 5 min ago3.00 bp23.1 bp −$2384.3 bp −$843doesn'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%4h0.1665−0.011%$4K$28K5xas long as short
Binance MMTUSDTshort+0.0100%4h0.1667+0.091%$5.4M$4.0M50x
Bybit MMTUSDT+0.0100%4h0.1666+0.060%$1.5M$756K25xas long as short
OKX MMT-USDT-SWAP+0.0100%4h0.1666+0.060%$1.7M$2.6M20xas long as short
MEXC MMT_USDT+0.0100%4h0.1667+0.120%$497K$158K20xas long as short
KuCoin MMTUSDTM+0.0100%4h0.1666+0.054%$598K$94K50xas long as short
Bitget MMTUSDT+0.0100%4h0.1668+0.180%$1.4M$462K50xas long as short
BingX MMT-USDTlong+0.0100%4h0.1665long leg$6.5M
Variational Omni MMT+0.0100%4h0.1667+0.104%$2K$4Kas long as short
BloFin MMT-USDT+0.0105%4h0.1668+0.180%$384K$9K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MMT_USDT+0.0389%8h0.1666+0.060%$561K$239K50xas long as short