Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against BingX+0.181%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$1021.022% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.181%, 7d avg −0.001%
=The price spread pays, funding is against you. BloFin is 0.181% dearer against BingX than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of −0.001%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.031% in total) that is about 41 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MMT-USDT | 0.1662 | 0.0100 | pay 0.0050% / 4h | 48m 30s | — | $6.5M | — |
| Short | BloFin MMT-USDT | 0.1665 | 0.0050 | get 0.0025% / 4h | 48m 30s | $389K | $9K | 50x |
BingX MMT-USDT
BloFin MMT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$10.45
- Price spread: +0.181% → −0.001%
- $18.12
- Slippage, 4 orders
- −$80.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$94.56
- Costs to cover
- 1.022%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 52 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 BingX live order book, 3 min ago | 6.00 bp | 29.4 bp −$29 | 99.2 bp −$992 | 718.4 bp −$71.8K | 1234.3 bp −$617.1K |
| Sell BloFin live order book, 52 min ago | 2.98 bp | 29.0 bp −$29 | 72.3 bp −$723 | doesn't fit | doesn't fit |
MMT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MMT-USDTshort | +0.0050% | 4h | 0.1665 | +0.181% | $389K | $9K | 50x | |
| Aster MMTUSDT | +0.0100% | 4h | 0.1664 | +0.117% | $3K | $31K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1664 | +0.117% | $5.5M | $3.9M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1663 | +0.036% | $1.5M | $795K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1661 | −0.060% | $1.6M | $2.4M | 20x | as long as short |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1663 | +0.060% | $487K | $152K | 20x | as long as short |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1664 | +0.126% | $600K | $84K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1663 | +0.060% | $1.4M | $436K | 50x | as long as short |
| BingX MMT-USDTlong | +0.0100% | 4h | 0.1662 | long leg | — | $6.5M | — | |
| Variational Omni MMT | +0.0100% | 4h | 0.1663 | +0.043% | $379 | $5K | — | as long as short |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
MEXC MMT_USDT
KuCoin MMTUSDTM
Bitget MMTUSDT
Variational Omni MMTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDT | +0.0332% | 8h | 0.1664 | +0.120% | $559K | $222K | 50x | as long as short |
Gate MMT_USDT