M

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 5 days−0.121%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUSDT	1.4864	0.0100	pay 0.0050% / 4h	2h 24m	$1.9M	$421K	10x
Short	Orderly PERP_M_USDC	1.4890	0.0100	get 0.0050% / 4h	2h 24m	$2K	$219	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OrderlybpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.175%
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 Bitget live order book, 3 min ago	6.36 bp	47.7 bp −$48	doesn't fit	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 MUSDTlong	+0.0100%	4h	$1.9M	$421K	10x
Variational Omni M	+0.0100%	4h	$91K	$44K	—	as long as short
Orderly PERP_M_USDCshort	+0.0100%	4h	$2K	$219	10x
SunX M-USDT	+0.0100%	4h	$1K	$507K	20x	as long as short
Aster MUSDT	+0.0418%	4h	$16K	$121K	5x	as long as short
BingX M-USDT	+0.0576%	4h	—	$2.4M	—	as long as short
MEXC M_USDT	+0.0588%	4h	$249K	$120K	50x	as long as short
Binance MUSDT	+0.0588%	4h	$5.5M	$5.2M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0589%	4h	$358K	$454K	10x	as long as short
KuCoin MUSDTM	+0.2062%	4h	$1.4M	$4.1M	10x	as long as short