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

M

all M markets
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Funding spread now, next payment 20:00 UTC−0.0518%/8h
paid, last 24h−0.090%paid, last 7 days−0.359%to open and close $10k−$175
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.359% in total (about -18.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin M-USDT1.49570.0618pay 0.0309% / 4h1h 30m$359K$445K10x
ShortGate M_USDT1.49200.0100get 0.0100% / 8h5h 30m$2.0M$948K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$108.8
Slippage, 4 orders
−$147.71
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$283.51
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.247%
Avg gap 7d
−0.122%
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 BloFin live order book, 2 min ago14.38 bp35.1 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago17.43 bp48.3 bp −$48doesn't fitdoesn't fitdoesn't fit

M on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit MUSDT+0.0100%4h$4.7M$2.5M20xas long as short
Gate M_USDTshort+0.0100%8h$2.0M$948K10x
Bitget MUSDT+0.0100%4h$1.9M$368K10xas long as short
Variational Omni M+0.0100%4h$91K$42Kas long as short
Orderly PERP_M_USDC+0.0100%4h$2K$21910xas long as short
SunX M-USDT+0.0100%4h$2K$514K20xas long as short
Aster MUSDT+0.0441%4h$16K$121K5xas long as short
BingX M-USDT+0.0598%4h$2.4Mas long as short
MEXC M_USDT+0.0616%4h$253K$116K50xas long as short
Binance MUSDT+0.0618%4h$5.5M$4.8M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin M-USDTlong+0.0618%4h$359K$445K10x
KuCoin MUSDTM+0.1300%4h$1.4M$4.2M10xas long as short