M

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days+0.025%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni M	1.4629	0.0100	pay 0.0050% / 4h	2h 38m	$90K	$45K	—
Short	Bybit MUSDT	1.4807	0.0100	get 0.0050% / 4h	2h 38m	$4.6M	$2.7M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersRate

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

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.215%
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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	5.06 bp	40.2 bp −$40	269.1 bp −$2,691	doesn't fit	doesn't fit

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 MUSDTshort	+0.0100%	4h	$4.6M	$2.7M	20x
Gate M_USDT	+0.0100%	8h	$2.0M	$1.0M	10x	as long as short
Bitget MUSDT	+0.0100%	4h	$1.9M	$427K	10x	as long as short
Variational Omni Mlong	+0.0100%	4h	$90K	$45K	—
Orderly PERP_M_USDC	+0.0100%	4h	$2K	$219	10x	as long as short
SunX M-USDT	+0.0100%	4h	$2K	$499K	20x	as long as short
Aster MUSDT	+0.0372%	4h	$15K	$121K	5x	as long as short
Binance MUSDT	+0.0562%	4h	$5.5M	$5.2M	10x	as long as short
BingX M-USDT	+0.0562%	4h	—	$2.4M	—	as long as short
BloFin M-USDT	+0.0568%	4h	$364K	$459K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC M_USDT	+0.0572%	4h	$249K	$119K	50x	as long as short
KuCoin MUSDTM	+0.2128%	4h	$1.4M	$4.1M	10x	as long as short