Funding you earn now, next payment 04:00 UTC+0.0426%/8h= +46.6% APRnext payment +$2.13 per $10,000 · paid last 24h +0.022%
Price spread now: Bitget against BingX0.000%7-day average −0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1381.382% of the position
Funding, last 7 days+0.503%+$50 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now 0.000%, 7d avg −0.074%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bitget is 0.074% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3150 | −0.0612 | get 0.0306% / 4h | 56m 10s | — | $1.3M | — |
| Short | Bitget MTLUSDT | 0.3150 | −0.0186 | pay 0.0093% / 4h | 56m 10s | $344K | $115K | 25x |
BingX MTL-USDT
Bitget MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $89.46
- Price spread: 0.000% → −0.074%
- $7.38
- Slippage, 4 orders
- −$116.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$41.34
- Costs to cover
- 1.382%
- Break-even
- 10.2 days
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 59 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 BingX live order book, 4 min ago | 4.77 bp | 30.0 bp −$30 | 166.2 bp −$1,662 | 837.9 bp −$83.8K | 1318.9 bp −$659.4K |
| Sell Bitget live order book, 59 min ago | 3.16 bp | 34.0 bp −$34 | 319.6 bp −$3,196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MTL-USDT | −0.0619% | 4h | 0.3146 | −0.127% | $115K | $7K | 50x | as long as short |
| BingX MTL-USDTlong | −0.0612% | 4h | 0.3150 | long leg | — | $1.3M | — | |
| MEXC MTL_USDT | −0.0608% | 4h | 0.3155 | +0.159% | $292K | $134K | 50x | as long as short |
| Binance MTLUSDT | −0.0594% | 4h | 0.3155 | +0.173% | $1.7M | $4.8M | 50x | as long as short |
| Bitget MTLUSDTshort | −0.0186% | 4h | 0.3150 | 0.000% | $344K | $115K | 25x | |
| Aster MTLUSDT | −0.0081% | 1h | 0.3153 | +0.080% | $2K | $8K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3145 | −0.159% | $1.1M | $962K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3155 | +0.159% | $156K | $64K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3150 | 0.000% | $664K | $22K | 30x | as long as short |
BloFin MTL-USDT
MEXC MTL_USDT
Binance MTLUSDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM