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: Bybit against BingX−0.030%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2142.144% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.329%−$33 on $10k
Price spread, last 7 days−0.003%$0 · spread now −0.030%, 7d avg +0.014%
Together, before fees−0.331%−$33 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: Bybit is 0.044% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MMT-USDT0.16640.0100pay 0.0050% / 4h3h 18m$6.5M
ShortBybit MMTUSDT0.16630.0100get 0.0050% / 4h3h 18m$1.5M$756K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.030% → +0.014%
−$4.37
Slippage, 4 orders
−$193.43
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$218.81
Costs to cover
2.144%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: 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 BingX live order book, 3 min ago6.00 bp21.7 bp −$2270.0 bp −$700616.9 bp −$61.7K1159.9 bp −$579.9K
Sell Bybit live order book, 2 min ago6.00 bp105.1 bp −$105doesn't fitdoesn'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%4h0.1666+0.097%$4K$28K5xas long as short
Binance MMTUSDT+0.0100%4h0.1664−0.016%$5.4M$4.0M50xas long as short
Bybit MMTUSDTshort+0.0100%4h0.1663−0.030%$1.5M$756K25x
OKX MMT-USDT-SWAP+0.0100%4h0.1662−0.120%$1.7M$2.5M20xas long as short
MEXC MMT_USDT+0.0100%4h0.1663−0.060%$496K$158K20xas long as short
KuCoin MMTUSDTM+0.0100%4h0.1666+0.102%$598K$94K50xas long as short
Bitget MMTUSDT+0.0100%4h0.16640.000%$1.4M$462K50xas long as short
BingX MMT-USDTlong+0.0100%4h0.1664long leg$6.5M
Variational Omni MMT+0.0100%4h0.1667+0.164%$2K$4Kas long as short
BloFin MMT-USDT+0.0105%4h0.1668+0.240%$384K$9K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MMT_USDT+0.0433%8h0.1667+0.180%$561K$239K50xas long as short