Funding you earn now, next payment 04:00 UTC+0.0815%/8h= +89.2% APRpaid last 24h +0.105%
Price spread now: Gate against OKX+0.357%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1541.541% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 4 days (all we have)−0.558%−$56 · spread now +0.357%, 7d avg +0.086%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Gate is 0.271% dearer against OKX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% 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 | OKX MMT-USDT-SWAP | 0.1680 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $1.7M | $2.5M | 20x |
| Short | Gate MMT_USDT | 0.1686 | 0.0915 | get 0.0915% / 8h | 5h 41m | $567K | $222K | 50x |
OKX MMT-USDT-SWAP
Gate MMT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $171.15
- Price spread: +0.357% → +0.086%
- $27.07
- Slippage, 4 orders
- −$129.09
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $44.13
- Costs to cover
- 1.541%
- Break-even
- 5.2 days
Slippage from OKX: live order book, 6 min ago; Gate: live order book, 20 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 OKX live order book, 6 min ago | 2.98 bp | 22.9 bp −$23 | 115.7 bp −$1,157 | doesn't fit | doesn't fit |
| Sell Gate live order book, 20 min ago | 5.95 bp | 58.1 bp −$58 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MMT-USDT | +0.0075% | 4h | 0.1686 | +0.357% | $391K | $9K | 50x | as long as short |
| Aster MMTUSDT | +0.0100% | 4h | 0.1683 | +0.173% | $4K | $31K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1683 | +0.179% | $5.5M | $4.1M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1683 | +0.179% | $1.5M | $803K | 25x | as long as short |
| OKX MMT-USDT-SWAPlong | +0.0100% | 4h | 0.1680 | long leg | $1.7M | $2.5M | 20x | |
| MEXC MMT_USDT | +0.0100% | 4h | 0.1682 | +0.119% | $498K | $152K | 20x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1683 | +0.179% | $1.4M | $471K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1683 | +0.179% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1682 | +0.102% | $383 | $5K | — | as long as short |
| KuCoin MMTUSDTM | +0.0124% | 4h | 0.1684 | +0.268% | $610K | $90K | 50x | as long as short |
BloFin MMT-USDT
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
MEXC MMT_USDT
Bitget MMTUSDT
BingX MMT-USDT
Variational Omni MMT
KuCoin MMTUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MMT_USDTshort | +0.0915% | 8h | 0.1686 | +0.357% | $567K | $222K | 50x |