M

Alert

Funding spread now, next payment 20:00 UTC−0.0286%/8h

paid, last 24h−0.082%paid, last 5 days−0.143%to open and close $10k−$301

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.143% in total (about -10.3% 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	Aster MUSDT	1.4826	0.0386	pay 0.0193% / 4h	1h 59m	$16K	$121K	5x
Short	Gate M_USDT	1.4798	0.0100	get 0.0100% / 8h	5h 59m	$2.0M	$937K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee GatebpOrdersRate

Funding earned: −$60.09
Slippage, 4 orders: −$278.35
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$361.44
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Gate: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.188%
Avg gap 7d: −0.141%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aster live order book, 38 min ago	15.17 bp	69.7 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	16.23 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit

M on 12 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MUSDT	+0.0100%	4h	$4.7M	$2.7M	20x	as long as short
Gate M_USDTshort	+0.0100%	8h	$2.0M	$937K	10x
Bitget MUSDT	+0.0100%	4h	$1.9M	$415K	10x	as long as short
Variational Omni M	+0.0100%	4h	$91K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	$2K	$219	10x	as long as short
SunX M-USDT	+0.0100%	4h	$2K	$512K	20x	as long as short
Aster MUSDTlong	+0.0386%	4h	$16K	$121K	5x
MEXC M_USDT	+0.0562%	4h	$248K	$114K	50x	as long as short
BingX M-USDT	+0.0564%	4h	—	$2.4M	—	as long as short
Binance MUSDT	+0.0564%	4h	$5.5M	$5.1M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0631%	4h	$360K	$449K	10x	as long as short
KuCoin MUSDTM	+0.1662%	4h	$1.4M	$4.2M	10x	as long as short