M

Alert

Funding spread now, next payment 20:00 UTC−0.0451%/8h

next payment, per $10,000−$2.26paid, last 24h−0.094%paid, last 7 days−0.309%to open and close $10k−$288

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.309% in total (about -16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.26 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	Binance MUSDT	1.4877	0.0551	pay 0.0276% / 4h	2h 18m	$5.5M	$5.2M	10x
Short	SunX M-USDT	1.4807	0.0100	get 0.0050% / 4h	2h 18m	$2K	$509K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersRate

Funding earned: −$94.81
Slippage, 4 orders: −$268.33
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 5 bp × 2 orders: −$10
Net: −$383.14
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; SunX: live order book, 11 min ago.

Price risk

price view

Price gap now: −0.471%
Avg gap 7d: +0.135%

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	2.02 bp	50.9 bp −$51	375.6 bp −$3,756	doesn't fit	doesn't fit
Sell SunX live order book, 11 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	$2.7M	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	$418K	10x	as long as short
Variational Omni M	+0.0100%	4h	$91K	$44K	—	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	$509K	20x
Aster MUSDT	+0.0380%	4h	$16K	$121K	5x	as long as short
MEXC M_USDT	+0.0550%	4h	$249K	$120K	50x	as long as short
Binance MUSDTlong	+0.0551%	4h	$5.5M	$5.2M	10x
BingX M-USDT	+0.0560%	4h	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0586%	4h	$362K	$452K	10x	as long as short
KuCoin MUSDTM	+0.1944%	4h	$1.4M	$4.1M	10x	as long as short