Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.34 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against BingX+0.160%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)−0.356%−$36 · spread now +0.160%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.198% dearer against BingX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3128 | 0.0036 | pay 0.0018% / 4h | 7m 09s | — | $1.3M | — |
| Short | BloFin MTL-USDT | 0.3133 | 0.0104 | get 0.0052% / 4h | 7m 09s | $120K | $5K | 50x |
BingX MTL-USDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $14.34
- Price spread: +0.160% → −0.038%
- $19.79
- Slippage, 4 orders
- −$77.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.47
- Costs to cover
- 0.996%
- Break-even
- 39.0 days
Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 53 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, 9 min ago | 3.20 bp | 27.4 bp −$27 | 135.4 bp −$1,354 | 677.8 bp −$67.8K | 1064.7 bp −$532.3K |
| Sell BloFin live order book, 53 min ago | 1.60 bp | 24.7 bp −$25 | 90.3 bp −$903 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDTlong | +0.0036% | 4h | 0.3128 | long leg | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3131 | +0.081% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3129 | +0.040% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3128 | 0.000% | $167K | $36K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3130 | +0.064% | $279K | $134K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3131 | +0.096% | $664K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3129 | +0.032% | $345K | $93K | 25x | as long as short |
| BloFin MTL-USDTshort | +0.0104% | 4h | 0.3133 | +0.160% | $120K | $5K | 50x | |
| Bybit MTLUSDT | +0.0871% | 8h | 0.3123 | −0.160% | $1.0M | $714K | 25x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT