M

Alert

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

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days−0.030%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUSDT	1.4918	0.0100	pay 0.0050% / 4h	1h 49m	$4.7M	$3.2M	20x
Short	Variational Omni M	1.4923	0.0100	get 0.0050% / 4h	1h 49m	$93K	$51K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersRate

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

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.031%
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, 5 min ago	5.05 bp	46.1 bp −$46	355.7 bp −$3,557	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	$3.2M	20x
Gate M_USDT	+0.0100%	8h	$2.0M	$1.1M	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$1.9M	$504K	10x	as long as short
Variational Omni Mshort	+0.0100%	4h	$93K	$51K	—
Orderly PERP_M_USDC	+0.0100%	4h	$2K	$180	10x	as long as short
SunX M-USDT	+0.0100%	4h	$2K	$491K	20x	as long as short
Aster MUSDT	+0.0391%	4h	$17K	$138K	5x	as long as short
BingX M-USDT	+0.0536%	4h	—	$2.5M	—	as long as short
MEXC M_USDT	+0.0560%	4h	$254K	$131K	50x	as long as short
Binance MUSDT	+0.0560%	4h	$5.5M	$6.6M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0593%	4h	$364K	$548K	10x	as long as short
KuCoin MUSDTM	+0.1730%	4h	$1.4M	$4.0M	10x	as long as short