Funding you earn now, next payment 04:00 UTC−0.0333%/8h= −36.5% APRpaid last 24h −0.105%
Price spread now: BingX against Gate−0.120%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1321.319% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.120%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BingX is 0.076% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% 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 | 0.1667 | 0.0433 | pay 0.0433% / 8h | 7h 18m | $561K | $239K | 50x |
| Short | BingX MMT-USDT | 0.1665 | 0.0100 | get 0.0050% / 4h | 3h 18m | — | $6.5M | — |
Gate MMT_USDT
BingX MMT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$69.93
- Price spread: −0.120% → −0.044%
- −$7.63
- Slippage, 4 orders
- −$106.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$209.49
- Costs to cover
- 1.319%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 min ago; BingX: live order book, 2 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, 52 min ago | 3.01 bp | 44.3 bp −$44 | 1094.0 bp −$10.9K | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 6.00 bp | 21.7 bp −$22 | 73.5 bp −$735 | 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 | 0.1666 | −0.060% | $4K | $28K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1665 | −0.120% | $5.4M | $4.0M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1665 | −0.138% | $1.5M | $756K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1663 | −0.240% | $1.7M | $2.5M | 20x | as long as short |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1665 | −0.120% | $497K | $158K | 20x | as long as short |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1667 | −0.018% | $599K | $94K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1665 | −0.120% | $1.4M | $462K | 50x | as long as short |
| BingX MMT-USDTshort | +0.0100% | 4h | 0.1665 | −0.120% | — | $6.5M | — | |
| Variational Omni MMT | +0.0100% | 4h | 0.1667 | −0.016% | $2K | $4K | — | as long as short |
| BloFin MMT-USDT | +0.0105% | 4h | 0.1668 | +0.060% | $384K | $9K | 50x | as long as short |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
MEXC MMT_USDT
KuCoin MMTUSDTM
Bitget MMTUSDT
Variational Omni MMT
BloFin MMT-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDTlong | +0.0433% | 8h | 0.1667 | long leg | $561K | $239K | 50x |