M

Alert

Funding spread now, next payment 20:00 UTC−0.0476%/8h

next payment, per $10,000−$2.38paid, last 24h−0.091%paid, last 7 days−0.181%to open and close $10k−$230

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.38 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	BingX M-USDT	1.4845	0.0576	pay 0.0288% / 4h	2h 22m	—	$2.4M	—
Short	SunX M-USDT	1.4871	0.0100	get 0.0050% / 4h	2h 22m	$2K	$508K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee SunXbpOrdersRate

Funding earned: −$99.96
Slippage, 4 orders: −$210.13
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 5 bp × 2 orders: −$10
Net: −$330.09
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; SunX: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.175%
Avg gap 7d: +0.131%

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 BingX live order book, 3 min ago	3.02 bp	19.5 bp −$20	136.8 bp −$1,368	856.1 bp −$85.6K	doesn't fit
Sell SunX live order book, 6 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	$421K	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	$508K	20x
Aster MUSDT	+0.0413%	4h	$16K	$121K	5x	as long as short
BloFin M-USDT	+0.0530%	4h	$358K	$454K	10x	as long as short
BingX M-USDTlong	+0.0576%	4h	—	$2.4M	—
Binance MUSDT	+0.0584%	4h	$5.5M	$5.2M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC M_USDT	+0.0588%	4h	$249K	$120K	50x	as long as short
KuCoin MUSDTM	+0.2020%	4h	$1.4M	$4.1M	10x	as long as short