Funding you earn now, next payment 04:00 UTC−0.0481%/8h= −52.7% APRpaid last 24h −0.105%
Price spread now: Binance against Gate−0.116%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1431.427% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.116%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.069% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MMT_USDT | 0.1662 | 0.0581 | pay 0.0581% / 8h | 6h 31m | $559K | $240K | 50x |
| Short | Binance MMTUSDT | 0.1660 | 0.0100 | get 0.0050% / 4h | 2h 31m | $5.4M | $4.1M | 50x |
Gate MMT_USDT
Binance MMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$101.01
- Price spread: −0.116% → −0.047%
- −$6.88
- Slippage, 4 orders
- −$117.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$250.57
- Costs to cover
- 1.427%
- Break-even
- never at this rate
Slippage from Gate: live order book, 35 min ago; Binance: live order book, 7 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 Gate live order book, 35 min ago | 2.99 bp | 55.0 bp −$55 | 1431.1 bp −$14.3K | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 3.03 bp | 21.9 bp −$22 | 86.1 bp −$861 | doesn't fit | 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 | −0.116% | $4K | $28K | 5x | as long as short |
| Binance MMTUSDTshort | +0.0100% | 4h | 0.1660 | −0.116% | $5.4M | $4.1M | 50x | |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1661 | −0.078% | $1.5M | $765K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1659 | −0.181% | $1.6M | $2.5M | 20x | as long as short |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1660 | −0.120% | $485K | $154K | 20x | as long as short |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1662 | −0.012% | $596K | $94K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1661 | −0.060% | $1.4M | $462K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1661 | −0.060% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1661 | −0.076% | $2K | $4K | — | as long as short |
| Gate MMT_USDTlong | +0.0581% | 8h | 0.1662 | long leg | $559K | $240K | 50x |
Aster MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
MEXC MMT_USDT
KuCoin MMTUSDTM
Bitget MMTUSDT
BingX MMT-USDT
Variational Omni MMT