M

Alert

Funding spread now, next payment 20:00 UTC+0.0498%/8h

next payment, per $10,000+$2.49paid, last 24h+0.091%paid, last 5 days+0.314%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_M_USDC	1.4965	0.0100	pay 0.0050% / 4h	1h 29m	$2K	$219	10x
Short	BingX M-USDT	1.4935	0.0598	get 0.0299% / 4h	1h 29m	—	$2.4M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BingXbpOrdersRate

Funding earned: $104.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $88.58
Break-even: 1.1 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.200%
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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 11 min ago	3.01 bp	20.9 bp −$21	114.7 bp −$1,147	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MUSDT	+0.0100%	4h	$4.7M	$2.5M	20x	as long as short
Gate M_USDT	+0.0100%	8h	$2.0M	$948K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$1.9M	$368K	10x	as long as short
Variational Omni M	+0.0100%	4h	$91K	$42K	—	as long as short
Orderly PERP_M_USDClong	+0.0100%	4h	$2K	$219	10x
SunX M-USDT	+0.0100%	4h	$2K	$514K	20x	as long as short
Aster MUSDT	+0.0441%	4h	$16K	$121K	5x	as long as short
BingX M-USDTshort	+0.0598%	4h	—	$2.4M	—
MEXC M_USDT	+0.0616%	4h	$252K	$116K	50x	as long as short
Binance MUSDT	+0.0618%	4h	$5.5M	$4.8M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin M-USDT	+0.0618%	4h	$359K	$445K	10x	as long as short
KuCoin MUSDTM	+0.1300%	4h	$1.4M	$4.2M	10x	as long as short