Funding you earn now, next payment 04:00 UTC−0.0844%/8h= −92.4% APRnext payment −$4.22 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Binance−0.126%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$481as in the Price arb table
costs, in and out, $10k−$4694.686% of the position
Funding, last 7 days+1.715%+$171 on $10k
+Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.126%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Gate is 0.120% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.715%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MTLUSDT | 0.3185 | −0.0624 | get 0.0312% / 4h | 3h 21m | $1.8M | $4.7M | 50x |
| Short | Gate MTL_USDT | 0.3181 | −0.1468 | pay 0.0734% / 4h | 3h 21m | $161K | $58K | 25x |
Binance MTLUSDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$177.19
- Price spread: −0.126% → −0.006%
- −$11.97
- Slippage, 4 orders
- −$443.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$657.76
- Costs to cover
- 4.686%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; Gate: live order book, 45 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, 16 min ago | 1.56 bp | 31.4 bp −$31 | 176.2 bp −$1,762 | doesn't fit | doesn't fit |
| Sell Gate live order book, 45 min ago | 3.20 bp | 210.8 bp −$211 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.1650% | 1h | 0.3189 | +0.115% | $2K | $8K | 5x | as long as short |
| Gate MTL_USDTshort | −0.1468% | 4h | 0.3181 | −0.126% | $161K | $58K | 25x | |
| BingX MTL-USDT | −0.0874% | 4h | 0.3184 | −0.031% | — | $1.3M | — | as long as short |
| Bybit MTLUSDT | −0.0750% | 8h | 0.3177 | −0.251% | $1.1M | $959K | 25x | as long as short |
| Binance MTLUSDTlong | −0.0624% | 4h | 0.3185 | long leg | $1.8M | $4.7M | 50x | |
| MEXC MTL_USDT | −0.0612% | 4h | 0.3184 | −0.031% | $307K | $140K | 50x | as long as short |
| BloFin MTL-USDT | −0.0591% | 4h | 0.3188 | +0.094% | $119K | $6K | 50x | as long as short |
| Bitget MTLUSDT | −0.0308% | 4h | 0.3183 | −0.063% | $349K | $115K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3178 | −0.220% | $671K | $27K | 30x | as long as short |
Aster MTLUSDT
BingX MTL-USDT
Bybit MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
Bitget MTLUSDT
KuCoin MTLUSDTM