M

Alert

Funding spread now, next payment 20:00 UTC−0.0462%/8h

next payment, per $10,000−$2.31paid, last 24h−0.094%paid, last 5 days−0.443%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUSDT	1.4798	0.0562	pay 0.0281% / 4h	3h 18m	$5.5M	$5.4M	10x
Short	Orderly PERP_M_USDC	1.4803	0.0100	get 0.0050% / 4h	3h 18m	$2K	$180	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OrderlybpOrdersRate

Funding earned: −$97.11
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$113.11
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.035%
Avg gap 7d: —

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 Binance live order book, 6 min ago	0.34 bp	37.8 bp −$38	402.6 bp −$4,026	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_USDT	+0.0100%	8h	$2.0M	$1.0M	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$1.9M	$433K	10x	as long as short
Variational Omni M	+0.0100%	4h	$91K	$46K	—	as long as short
Orderly PERP_M_USDCshort	+0.0100%	4h	$2K	$180	10x
SunX M-USDT	+0.0100%	4h	$2K	$486K	20x	as long as short
Aster MUSDT	+0.0407%	4h	$17K	$126K	5x	as long as short
Binance MUSDTlong	+0.0562%	4h	$5.5M	$5.4M	10x
MEXC M_USDT	+0.0574%	4h	$248K	$123K	50x	as long as short
BingX M-USDT	+0.0584%	4h	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0630%	4h	$360K	$473K	10x	as long as short
KuCoin MUSDTM	+0.2356%	4h	$1.4M	$4.1M	10x	as long as short