M

Alert

Funding spread now, next payment 20:00 UTC+0.0444%/8h

next payment, per $10,000+$2.22paid, last 24h+0.091%paid, last 7 days+0.193%to open and close $10k−$164

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.22 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	Bitget MUSDT	1.4820	0.0100	pay 0.0050% / 4h	2h 37m	$1.9M	$426K	10x
Short	BingX M-USDT	1.4808	0.0544	get 0.0272% / 4h	2h 37m	—	$2.4M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersRate

Funding earned: $93.24
Slippage, 4 orders: −$141.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$70.35
Break-even: 12.3 days

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.081%
Avg gap 7d: −0.030%

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 Bitget live order book, 1 min ago	12.15 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	8.87 bp	28.4 bp −$28	163.9 bp −$1,639	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 MUSDTlong	+0.0100%	4h	$1.9M	$426K	10x
Variational Omni M	+0.0100%	4h	$90K	$45K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	$2K	$219	10x	as long as short
SunX M-USDT	+0.0100%	4h	$2K	$500K	20x	as long as short
Aster MUSDT	+0.0386%	4h	$15K	$121K	5x	as long as short
BingX M-USDTshort	+0.0544%	4h	—	$2.4M	—
MEXC M_USDT	+0.0560%	4h	$249K	$119K	50x	as long as short
BloFin M-USDT	+0.0568%	4h	$364K	$459K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance MUSDT	+0.0570%	4h	$5.5M	$5.2M	10x	as long as short
KuCoin MUSDTM	+0.2126%	4h	$1.4M	$4.1M	10x	as long as short