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

M

all M markets
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Funding spread now, next payment 20:00 UTC+0.0347%/8h
next payment, per $10,000+$1.73paid, last 24h+0.082%paid, last 5 days+0.143%to open and close $10k−$242
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.143% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.73 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
LongBybit MUSDT1.49600.0100pay 0.0050% / 4h57m 40s$4.7M$2.4M20x
ShortAster MUSDT1.49830.0447get 0.0223% / 4h57m 40s$16K$121K5x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$72.77
Slippage, 4 orders
−$223.06
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$169.3
Break-even
23.3 days
Slippage from Bybit: live order book, 2 min ago; Aster: live order book, 35 min ago.

Price risk

price view
Price gap now
+0.151%
Avg gap 7d
+0.043%
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 Bybit live order book, 2 min ago2.67 bp35.9 bp −$36338.0 bp −$3,380doesn't fitdoesn't fit
Sell Aster live order book, 35 min ago21.38 bp75.6 bp −$76doesn't fitdoesn't fitdoesn't fit

M on 12 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit MUSDTlong+0.0100%4h$4.7M$2.4M20x
Gate M_USDT+0.0100%8h$2.0M$912K10xas long as short
Bitget MUSDT+0.0100%4h$1.9M$357K10xas long as short
Variational Omni M+0.0100%4h$92K$42Kas long as short
Orderly PERP_M_USDC+0.0100%4h$2K$21910xas long as short
SunX M-USDT+0.0100%4h$1K$518K20xas long as short
Aster MUSDTshort+0.0447%4h$16K$121K5x
BingX M-USDT+0.0612%4h$2.4Mas long as short
BloFin M-USDT+0.0619%4h$361K$437K10xas long as short
MEXC M_USDT+0.0648%4h$253K$113K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance MUSDT+0.0650%4h$5.5M$4.7M10xas long as short
KuCoin MUSDTM+0.1202%4h$1.4M$4.2M10xas long as short