Funding you earn now, next payment 04:00 UTC+0.0570%/8h= +62.4% APRpaid last 24h +0.234%
Price spread now: Bybit against Binance−0.280%7-day average +0.221% · you buy dearer than you sell
Net, funding: paid 7d − costs+$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$1671.671% of the position
Funding, last 7 days+2.593%+$259 on $10k
+Price spread, last 7 days+0.881%+$88 · spread now −0.280%, 7d avg +0.221%
=Funding pays, the price is against you. Bybit is 0.502% cheaper against Binance than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of +0.221%). If the spread goes back, that is −$50 on $10k: about 2.9 days of funding at the current rate (+$17 a day). At the pace of the last 7 days (+2.593% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MTLUSDT | 0.3160 | −0.0470 | get 0.0235% / 4h | 31m 05s | $1.7M | $4.8M | 50x |
| Short | Bybit MTLUSDT | 0.3151 | 0.0100 | get 0.0100% / 8h | 4h 31m | $1.1M | $967K | 25x |
Binance MTLUSDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $119.76
- Price spread: −0.280% → +0.221%
- −$50.16
- Slippage, 4 orders
- −$146.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.49
- Costs to cover
- 1.671%
- Break-even
- 12.7 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 4 min ago.
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 Binance live order book, 6 min ago | 1.59 bp | 30.7 bp −$31 | 227.3 bp −$2,273 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.18 bp | 52.7 bp −$53 | 535.9 bp −$5,359 | doesn't fit | doesn't fit |
MTL on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MTL_USDT | −0.0484% | 4h | 0.3158 | −0.059% | $291K | $136K | 50x | as long as short |
| Binance MTLUSDTlong | −0.0470% | 4h | 0.3160 | long leg | $1.7M | $4.8M | 50x | |
| BingX MTL-USDT | −0.0468% | 4h | 0.3151 | −0.280% | — | $1.3M | — | as long as short |
| BloFin MTL-USDT | −0.0421% | 4h | 0.3158 | −0.059% | $113K | $7K | 50x | as long as short |
| Bitget MTLUSDT | −0.0100% | 4h | 0.3151 | −0.280% | $344K | $116K | 25x | as long as short |
| Aster MTLUSDT | +0.0071% | 1h | 0.3155 | −0.165% | $2K | $8K | 5x | as long as short |
| Bybit MTLUSDTshort | +0.0100% | 8h | 0.3151 | −0.280% | $1.1M | $967K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3153 | −0.217% | $156K | $65K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3156 | −0.122% | $665K | $22K | 30x | as long as short |
MEXC MTL_USDT
BingX MTL-USDT
BloFin MTL-USDT
Bitget MTLUSDT
Aster MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM