M

Alert

Funding spread now, next payment 20:00 UTC+0.0496%/8h

next payment, per $10,000+$2.48paid, last 24h+0.093%paid, last 5 days+0.444%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	1.4951	0.0100	pay 0.0050% / 4h	1h 20m	$2K	$219	10x
Short	MEXC M_USDT	1.4950	0.0596	get 0.0298% / 4h	1h 20m	$252K	$117K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee MEXCbpOrdersRate

Funding earned: $104.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $94.16
Break-even: 0.7 days

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 61 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.007%
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 MEXC live order book, 61 min ago	0.34 bp	18.9 bp −$19	49.5 bp −$495	128.2 bp −$12.8K	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	$2.4M	20x	as long as short
Gate M_USDT	+0.0100%	8h	$2.0M	$951K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$1.9M	$367K	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	$516K	20x	as long as short
Aster MUSDT	+0.0412%	4h	$16K	$121K	5x	as long as short
BloFin M-USDT	+0.0569%	4h	$361K	$442K	10x	as long as short
BingX M-USDT	+0.0578%	4h	—	$2.4M	—	as long as short
MEXC M_USDTshort	+0.0596%	4h	$252K	$117K	50x

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance MUSDT	+0.0598%	4h	$5.5M	$4.8M	10x	as long as short
KuCoin MUSDTM	+0.1258%	4h	$1.4M	$4.2M	10x	as long as short