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

M

all M markets
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Funding spread now, next payment 16:00 UTC+0.0617%/8h
next payment, per $10,000+$3.08paid, last 24h+0.070%paid, last 5 days+0.420%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_M_USDC1.50020.0100pay 0.0050% / 4h55m 43s$2K$18010x
ShortBinance MUSDT1.50090.0717get 0.0358% / 4h55m 43s$5.6M$6.2M10x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$129.57
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
$113.57
Break-even
0.9 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.047%
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 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 Orderly no order-book sample
Sell Binance live order book, 14 min ago0.66 bp42.3 bp −$42388.7 bp −$3,887doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit MUSDT+0.0100%4h$4.7M$3.1M20xas long as short
Gate M_USDT+0.0100%8h$2.0M$1.0M10xas long as short
Bitget MUSDT+0.0100%4h$1.9M$479K10xas long as short
Variational Omni M+0.0100%4h$91K$52Kas long as short
Orderly PERP_M_USDClong+0.0100%4h$2K$18010x
SunX M-USDT+0.0100%4h$2K$487K20xas long as short
Aster MUSDT+0.0549%4h$17K$126K5xas long as short
BingX M-USDT+0.0660%4h$2.4Mas long as short
BloFin M-USDT+0.0662%4h$365K$530K10xas long as short
MEXC M_USDT+0.0702%4h$254K$124K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance MUSDTshort+0.0717%4h$5.6M$6.2M10x
KuCoin MUSDTM+0.2504%4h$1.4M$4.1M10xas long as short