data as of
Settings8H · net · $10k
Funding arb /

M

all M markets
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Funding spread now, next payment 20:00 UTC−0.0510%/8h
next payment, per $10,000$2.55paid, last 24h−0.091%paid, last 7 days−0.244%to open and close $10k−$90
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.244% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX M-USDT1.49940.0610pay 0.0305% / 4h58m 56s$2.4M
ShortBybit MUSDT1.49770.0100get 0.0050% / 4h58m 56s$4.7M$2.4M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$107.1
Slippage, 4 orders
−$68.61
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$196.71
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; Bybit: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.113%
Avg gap 7d
−0.041%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago2.34 bp10.6 bp −$1152.5 bp −$525688.1 bp −$68.8Kdoesn't fit
Sell Bybit live order book, 5 min ago1.67 bp32.5 bp −$33247.5 bp −$2,475doesn't fitdoesn't fit

M on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit MUSDTshort+0.0100%4h$4.7M$2.4M20x
Gate M_USDT+0.0100%8h$2.0M$912K10xas long as short
Bitget MUSDT+0.0100%4h$1.9M$357K10xas long as short
Variational Omni M+0.0100%4h$92K$42Kas long as short
Orderly PERP_M_USDC+0.0100%4h$2K$21910xas long as short
SunX M-USDT+0.0100%4h$2K$518K20xas long as short
Aster MUSDT+0.0445%4h$16K$121K5xas long as short
BingX M-USDTlong+0.0610%4h$2.4M
BloFin M-USDT+0.0619%4h$361K$437K10xas long as short
MEXC M_USDT+0.0646%4h$253K$113K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance MUSDT+0.0647%4h$5.6M$4.7M10xas long as short
KuCoin MUSDTM+0.1204%4h$1.4M$4.2M10xas long as short