Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against BloFin0.000%105s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$970.970% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.107%+$11 · spread now 0.000%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.023% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MMT-USDT | 0.1666 | 0.0133 | pay 0.0067% / 4h | 55m 27s | $382K | $9K | 50x |
| Short | Bitget MMTUSDT | 0.1666 | 0.0100 | get 0.0050% / 4h | 55m 27s | $1.4M | $501K | 50x |
BloFin MMT-USDT
Bitget MMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$6.96
- Price spread: 0.000% → +0.023%
- −$2.26
- Slippage, 4 orders
- −$72.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$106.2
- Costs to cover
- 0.970%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 20 min ago; Bitget: live order book, 1 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 BloFin live order book, 20 min ago | 3.02 bp | 17.8 bp −$18 | 52.0 bp −$520 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.00 bp | 30.5 bp −$31 | 116.0 bp −$1,160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MMTUSDT | +0.0100% | 4h | 0.1665 | −0.045% | $6K | $27K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1665 | −0.060% | $5.4M | $4.2M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1664 | −0.090% | $1.4M | $762K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1663 | −0.180% | $1.6M | $2.8M | 20x | as long as short |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1664 | −0.120% | $472K | $155K | 20x | as long as short |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1665 | −0.072% | $598K | $104K | 50x | as long as short |
| Bitget MMTUSDTshort | +0.0100% | 4h | 0.1666 | 0.000% | $1.4M | $501K | 50x | |
| BingX MMT-USDT | +0.0100% | 4h | 0.1664 | −0.120% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1659 | −0.404% | $2K | $5K | — | as long as short |
| BloFin MMT-USDTlong | +0.0133% | 4h | 0.1666 | long leg | $382K | $9K | 50x |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
MEXC MMT_USDT
KuCoin MMTUSDTM
BingX MMT-USDT
Variational Omni MMTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDT | +0.0379% | 8h | 0.1665 | −0.060% | $561K | $267K | 50x | as long as short |
Gate MMT_USDT