Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.250%
Price spread now: Bybit against BingX−0.125%7-day average +0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs+$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$1841.837% of the position
Funding, last 7 days+2.680%+$268 on $10k
+Price spread, last 7 days+1.035%+$103 · spread now −0.125%, 7d avg +0.186%
=Funding pays, the price is against you. Bybit is 0.311% cheaper against BingX than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.186%). If the spread goes back, that is −$31 on $10k: about 16 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+2.680% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3192 | 0.0036 | pay 0.0018% / 4h | 3h 46m | — | $1.3M | — |
| Short | Bybit MTLUSDT | 0.3188 | 0.0100 | get 0.0100% / 8h | 7h 46m | $1.1M | $837K | 25x |
BingX MTL-USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $13.44
- Price spread: −0.125% → +0.186%
- −$31.11
- Slippage, 4 orders
- −$162.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$201.37
- Costs to cover
- 1.837%
- Break-even
- 111.9 days
Slippage from BingX: live order book, 5 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 BingX live order book, 5 min ago | 7.86 bp | 33.9 bp −$34 | 149.6 bp −$1,496 | 564.7 bp −$56.5K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.73 bp | 52.9 bp −$53 | 215.0 bp −$2,150 | 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 | 0.3192 | long leg | — | $1.3M | — | |
| Gate MTL_USDT | +0.0060% | 4h | 0.3190 | −0.063% | $166K | $48K | 25x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3193 | +0.024% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3196 | +0.133% | $1.8M | $4.1M | 50x | as long as short |
| Bybit MTLUSDTshort | +0.0100% | 8h | 0.3188 | −0.125% | $1.1M | $837K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3191 | −0.031% | $292K | $136K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3195 | +0.094% | $675K | $27K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3192 | 0.000% | $357K | $107K | 25x | as long as short |
| BloFin MTL-USDT | +0.0115% | 4h | 0.3190 | −0.063% | $118K | $6K | 50x | as long as short |
Gate MTL_USDT
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT