Settings8H · net · $10k
Funding arb · Price arb /

MTL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h +0.049%
Price spread now: Bitget against Aster−0.025%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.025% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MTLUSDT0.31510.0071pay 0.0009% / 1h32m 20s$2K$8K5x
ShortBitget MTLUSDT0.3150−0.0106pay 0.0053% / 4h32m 20s$344K$116K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$37.21
Price spread: −0.025% → 0.000%
−$2.51
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$59.72
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Bitget: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Bitget live order book, 18 min ago3.18 bp46.5 bp −$46328.5 bp −$3,285doesn't fitdoesn't fit
Aster: 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.

MTL on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MTL_USDT−0.0498%4h0.3154+0.102%$291K$135K50xas long as short
Binance MTLUSDT−0.0485%4h0.3154+0.102%$1.7M$4.8M50xas long as short
BloFin MTL-USDT−0.0483%4h0.3149−0.057%$113K$7K50xas long as short
BingX MTL-USDT−0.0468%4h0.3150−0.025%$1.3Mas long as short
Bitget MTLUSDTshort−0.0106%4h0.3150−0.025%$344K$116K25x
Aster MTLUSDTlong+0.0071%1h0.3151long leg$2K$8K5x
Bybit MTLUSDT+0.0100%8h0.3144−0.216%$1.1M$965K25xas long as short
Gate MTL_USDT+0.0100%4h0.3147−0.120%$156K$65K25xas long as short
KuCoin MTLUSDTM+0.0100%4h0.3154+0.102%$665K$22K30xas long as short