M

Alert

Funding spread now, next payment 20:00 UTC−0.0352%/8h

next payment, per $10,000−$1.76paid, last 24h−0.082%paid, last 5 days−0.080%to open and close $10k−$395

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.080% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.76 per $10,000. 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	1.4920	0.0452	pay 0.0226% / 4h	1h 34m	$16K	$121K	5x
Short	SunX M-USDT	1.4949	0.0100	get 0.0050% / 4h	1h 34m	$2K	$514K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee SunXbpOrdersRate

Funding earned: −$73.87
Slippage, 4 orders: −$377.11
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 5 bp × 2 orders: −$10
Net: −$468.98
Break-even: never at this rate

Slippage from Aster: live order book, 63 min ago; SunX: live order book, 55 min ago.

Price risk

price view

Price gap now: +0.195%
Avg gap 7d: +0.148%

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, 63 min ago	15.17 bp	69.7 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 55 min ago	29.83 bp	77.0 bp −$77	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	$2.5M	20x	as long as short
Gate M_USDT	+0.0100%	8h	$2.0M	$947K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$1.9M	$368K	10x	as long as short
Variational Omni M	+0.0100%	4h	$92K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	$2K	$219	10x	as long as short
SunX M-USDTshort	+0.0100%	4h	$2K	$514K	20x
Aster MUSDTlong	+0.0452%	4h	$16K	$121K	5x
BingX M-USDT	+0.0622%	4h	—	$2.4M	—	as long as short
MEXC M_USDT	+0.0630%	4h	$252K	$116K	50x	as long as short
Binance MUSDT	+0.0630%	4h	$5.5M	$4.9M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0666%	4h	$358K	$445K	10x	as long as short
KuCoin MUSDTM	+0.1312%	4h	$1.4M	$4.2M	10x	as long as short