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

MMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.111%
Price spread now: Gate against BloFin+0.060%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1401.402% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.204%+$20 on $10k
Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.060%, 7d avg +0.042%
Together, before fees+0.292%+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MMT-USDT0.16660.0079pay 0.0039% / 4h1m 01s$390K$10K50x
ShortGate MMT_USDT0.16670.0246get 0.0246% / 8h1m 01s$560K$236K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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
$35.08
Price spread: +0.060% → +0.042%
$1.77
Slippage, 4 orders
−$113.16
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$103.31
Costs to cover
1.402%
Break-even
27.6 days
Slippage from BloFin: live order book, 14 min ago; Gate: live order book, 35 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 BloFin live order book, 14 min ago6.02 bp27.1 bp −$2766.0 bp −$660doesn't fitdoesn't fit
Sell Gate live order book, 35 min ago3.00 bp46.7 bp −$47doesn'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
BloFin MMT-USDTlong+0.0079%4h0.1666long leg$390K$10K50x
Aster MMTUSDT+0.0100%4h0.1665−0.084%$3K$25K5xas long as short
Binance MMTUSDT+0.0100%4h0.1667+0.060%$5.5M$3.8M50xas long as short
Bybit MMTUSDT+0.0100%4h0.16660.000%$1.5M$800K25xas long as short
OKX MMT-USDT-SWAP+0.0100%4h0.1664−0.120%$1.7M$2.3M20xas long as short
MEXC MMT_USDT+0.0100%4h0.1667+0.060%$448K$159K20xas long as short
KuCoin MMTUSDTM+0.0100%4h0.1665−0.066%$594K$74K50xas long as short
Bitget MMTUSDT+0.0100%4h0.1665−0.060%$1.4M$431K50xas long as short
BingX MMT-USDT+0.0100%4h0.1664−0.120%$6.5Mas long as short
Variational Omni MMT+0.0100%4h0.1665−0.074%$379$2Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MMT_USDTshort+0.0246%8h0.1667+0.060%$560K$236K50x