M funding rates and arbitrage
Updated 2026-10-29 14:11 UTC
Best M arbitrage after every cost
No M pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
M funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| KuCoin | MUSDTM | 0.1146% | 4 h | +251.0% | +19.2% | $1.4M | 2026-10-29 16:00 |
| Variational | M-PERP | 0.0105% | 4 h | +23.0% | — | $97.6K | 2026-10-29 16:00 |
| BloFin | M-USDT | 0.0056% | 4 h | +12.2% | +13.4% | $263.7K | 2026-10-29 16:00 |
| Bitunix | MUSDT | 0.0050% | 4 h | +10.9% | +12.9% | — | 2026-10-29 16:00 |
| MEXC | M_USDT | 0.0050% | 4 h | +10.9% | +12.8% | $154.4K | 2026-10-29 16:00 |
| WhiteBIT | M_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $848.5K | 2026-10-29 16:00 |
| Bitget | MUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $1.9M | 2026-10-29 16:00 |
| LBank | MUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| BingX | M-USDT | 0.0050% | 4 h | +10.9% | +16.6% | $1.1M | 2026-10-29 16:00 |
| Bybit | MUSDT | 0.0050% | 4 h | +10.9% | +18.9% | $3.5M | 2026-10-29 16:00 |
| Aster | MUSDT | 0.0050% | 4 h | +10.9% | +11.4% | $7.4K | 2026-10-29 16:00 |
| Binance | MUSDT | 0.0050% | 4 h | +10.9% | +12.9% | $4.6M | 2026-10-29 16:00 |
| Gate | M_USDT | 0.0100% | 8 h | +10.9% | +8.0% | $1M | 2026-10-29 16:00 |
Borrow M to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.07% | — |
Cost to enter $10,000 of M
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | M_USDT | 4.9 bp | top of book only |
| BingX | M-USDT | 5.5 bp | top of book only |
| Binance | MUSDT | 5.9 bp | top of book only |
| BloFin | M-USDT | 7.4 bp | top of book only |
| Variational | M-PERP | 7.4 bp | top of book only |
| Bybit | MUSDT | 10.1 bp | top of book only |
| Gate | M_USDT | 10.8 bp | top of book only |
| Bitget | MUSDT | 12.1 bp | top of book only |
| Bitget | MUSDT (spot) | 14.4 bp | top of book only |
| Aster | MUSDT | 18.9 bp | top of book only |
| Gate | M_USDT (spot) | 24.7 bp | top of book only |
| KuCoin | MUSDTM | 29.1 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on M
Questions
Is M funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no M pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest M funding rate?
KuCoin at +251.0% a year (0.1146% every 4 h); the lowest is Gate at +10.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.