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

M

all M markets
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Funding spread now, next payment 16:00 UTC+0.0537%/8h
next payment, per $10,000+$2.68paid, last 24h+0.070%paid, last 7 days+0.345%to open and close $10k−$139
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.345% in total (about 18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.68 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 MUSDT1.49670.0100pay 0.0050% / 4h2h 36m$4.7M$3.4M20x
ShortBinance MUSDT1.49830.0637get 0.0318% / 4h2h 36m$5.5M$7.3M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$112.7
Slippage, 4 orders
−$117.76
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$26.06
Break-even
8.6 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.107%
Avg gap 7d
+0.055%
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, 3 min ago1.00 bp43.1 bp −$43392.2 bp −$3,922doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.33 bp28.6 bp −$29343.4 bp −$3,434doesn'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$3.4M20x
Gate M_USDT+0.0100%8h$2.0M$1.2M10xas long as short
Bitget MUSDT+0.0100%4h$1.9M$525K10xas long as short
Variational Omni M+0.0100%4h$95K$51Kas long as short
Orderly PERP_M_USDC+0.0100%4h$2K$21210xas long as short
SunX M-USDT+0.0100%4h$1K$516K20xas long as short
Aster MUSDT+0.0398%4h$17K$157K5xas long as short
BingX M-USDT+0.0592%4h$2.5Mas long as short
BloFin M-USDT+0.0606%4h$367K$560K10xas long as short
MEXC M_USDT+0.0630%4h$253K$141K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance MUSDTshort+0.0637%4h$5.5M$7.3M10x
KuCoin MUSDTM+0.1666%4h$1.4M$4.0M10xas long as short