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

M

all M markets
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Funding spread now, next payment 20:00 UTC−0.0491%/8h
next payment, per $10,000$2.45paid, last 24h−0.090%paid, last 7 days−0.296%to open and close $10k−$273
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.45 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
LongBloFin M-USDT1.48500.0591pay 0.0295% / 4h2h 11m$360K$452K10x
ShortSunX M-USDT1.48660.0100get 0.0050% / 4h2h 11m$2K$510K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$103.02
Slippage, 4 orders
−$251.42
Fee BloFin: 6 bp × 2 orders
−$12
Fee SunX: 5 bp × 2 orders
−$10
Net
−$376.44
Break-even
never at this rate
Slippage from BloFin: live order book, 25 min ago; SunX: live order book, 17 min ago.

Price risk

price view
Price gap now
+0.108%
Avg gap 7d
+0.148%
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, 25 min ago2.36 bp43.4 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 17 min ago29.83 bp77.0 bp −$77doesn'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$2.7M20xas long as short
Gate M_USDT+0.0100%8h$2.0M$1.0M10xas long as short
Bitget MUSDT+0.0100%4h$1.9M$419K10xas long as short
Variational Omni M+0.0100%4h$91K$43Kas long as short
Orderly PERP_M_USDC+0.0100%4h$2K$21910xas long as short
SunX M-USDTshort+0.0100%4h$2K$510K20x
Aster MUSDT+0.0410%4h$16K$121K5xas long as short
BingX M-USDT+0.0542%4h$2.4Mas long as short
MEXC M_USDT+0.0580%4h$249K$120K50xas long as short
Binance MUSDT+0.0586%4h$5.5M$5.2M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin M-USDTlong+0.0591%4h$360K$452K10x
KuCoin MUSDTM+0.1860%4h$1.4M$4.2M10xas long as short