M

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 5 days−0.075%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUSDT	1.5046	0.0100	pay 0.0050% / 4h	47m 34s	$4.7M	$3.0M	20x
Short	Orderly PERP_M_USDC	1.5096	0.0100	get 0.0050% / 4h	47m 34s	$2K	$180	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.332%
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 Bybit live order book, 2 min ago	2.99 bp	44.9 bp −$45	336.7 bp −$3,367	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 MUSDTlong	+0.0100%	4h	$4.7M	$3.0M	20x
Gate M_USDT	+0.0100%	8h	$2.0M	$1.1M	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$2.0M	$477K	10x	as long as short
Variational Omni M	+0.0100%	4h	$91K	$52K	—	as long as short
Orderly PERP_M_USDCshort	+0.0100%	4h	$2K	$180	10x
SunX M-USDT	+0.0100%	4h	$2K	$486K	20x	as long as short
Aster MUSDT	+0.0624%	4h	$17K	$126K	5x	as long as short
BingX M-USDT	+0.0682%	4h	—	$2.4M	—	as long as short
BloFin M-USDT	+0.0695%	4h	$367K	$527K	10x	as long as short
MEXC M_USDT	+0.0752%	4h	$255K	$125K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance MUSDT	+0.0770%	4h	$5.6M	$6.1M	10x	as long as short
KuCoin MUSDTM	+0.2682%	4h	$1.4M	$4.1M	10x	as long as short