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

MMT

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SwapBacktest
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: Bybit against OKX+0.174%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1731.733% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.326%−$33 on $10k
Price spread, last 7 days−0.108%−$11 · spread now +0.174%, 7d avg +0.047%
Together, before fees−0.434%−$43 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: Bybit is 0.127% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MMT-USDT-SWAP0.16690.0100pay 0.0050% / 4h3h 13m$1.7M$2.5M20x
ShortBybit MMTUSDT0.16720.0100get 0.0050% / 4h3h 13m$1.5M$755K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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
$0
Price spread: +0.174% → +0.047%
$12.69
Slippage, 4 orders
−$152.33
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$160.64
Costs to cover
1.733%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 2 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 OKX live order book, 3 min ago3.00 bp16.6 bp −$1775.9 bp −$759doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago5.98 bp72.6 bp −$73doesn'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
Aster MMTUSDT+0.0100%4h0.1671+0.100%$4K$28K5xas long as short
Binance MMTUSDT+0.0100%4h0.1671+0.120%$5.4M$4.0M50xas long as short
Bybit MMTUSDTshort+0.0100%4h0.1672+0.174%$1.5M$755K25x
OKX MMT-USDT-SWAPlong+0.0100%4h0.1669long leg$1.7M$2.5M20x
MEXC MMT_USDT+0.0100%4h0.1670+0.060%$498K$158K20xas long as short
KuCoin MMTUSDTM+0.0100%4h0.1671+0.090%$600K$94K50xas long as short
Bitget MMTUSDT+0.0100%4h0.1671+0.120%$1.4M$461K50xas long as short
BingX MMT-USDT+0.0100%4h0.1671+0.120%$6.5Mas long as short
Variational Omni MMT+0.0100%4h0.1668−0.045%$2K$4Kas long as short
BloFin MMT-USDT+0.0116%4h0.1665−0.240%$384K$9K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MMT_USDT+0.0413%8h0.1670+0.060%$562K$239K50xas long as short