Funding arb · Price arb /

MMT

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Swap Backtest

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: BingX against Bitget−0.060%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1051.049% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.060%, 7d avg −0.012%

Together, before fees+0.049%+$5 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: BingX is 0.049% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MMTUSDT	0.1661	0.0100	pay 0.0050% / 4h	2h 31m	$1.4M	$462K	50x
Short	BingX MMT-USDT	0.1660	0.0100	get 0.0050% / 4h	2h 31m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.012%: −$4.85
Slippage, 4 orders: −$82.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$109.75
Costs to cover: 1.049%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 10 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 Bitget live order book, 5 min ago	6.01 bp	26.1 bp −$26	138.6 bp −$1,386	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	9.09 bp	24.6 bp −$25	75.1 bp −$751	729.2 bp −$72.9K	doesn't fit

MMT on 10 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
Aster MMTUSDT	+0.0100%	4h	0.1660	−0.060%	$4K	$28K	5x	as long as short
Binance MMTUSDT	+0.0100%	4h	0.1661	+0.007%	$5.4M	$4.1M	50x	as long as short
Bybit MMTUSDT	+0.0100%	4h	0.1661	−0.018%	$1.5M	$765K	25x	as long as short
OKX MMT-USDT-SWAP	+0.0100%	4h	0.1659	−0.120%	$1.6M	$2.5M	20x	as long as short
MEXC MMT_USDT	+0.0100%	4h	0.1659	−0.120%	$484K	$154K	20x	as long as short
KuCoin MMTUSDTM	+0.0100%	4h	0.1662	+0.048%	$596K	$94K	50x	as long as short
Bitget MMTUSDTlong	+0.0100%	4h	0.1661	long leg	$1.4M	$462K	50x
BingX MMT-USDTshort	+0.0100%	4h	0.1660	−0.060%	—	$6.5M	—
Variational Omni MMT	+0.0100%	4h	0.1661	−0.015%	$2K	$4K	—	as long as short
Gate MMT_USDT	+0.0575%	8h	0.1661	0.000%	$559K	$240K	50x	as long as short