Funding you earn now, next payment 04:00 UTC+0.0860%/8h= +94.2% APRnext payment +$4.30 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against BingX+0.032%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$459as in the Funding arb table
Net, price: spread back to 7d avg − costs−$622as in the Price arb table
costs, in and out, $10k−$6286.278% of the position
Funding, last 7 days+1.691%+$169 on $10k
+Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.032%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Gate is 0.059% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3157 | −0.0760 | get 0.0380% / 4h | 1h 46m | — | $1.3M | — |
| Short | Gate MTL_USDT | 0.3158 | 0.0100 | get 0.0050% / 4h | 1h 46m | $157K | $65K | 25x |
BingX MTL-USDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $180.6
- Price spread: +0.032% → −0.027%
- $5.89
- Slippage, 4 orders
- −$602.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$441.36
- Costs to cover
- 6.278%
- Break-even
- 24.1 days
Slippage from BingX: live order book, 16 min ago; Gate: live order book, 10 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, 16 min ago | 4.73 bp | 30.3 bp −$30 | 153.7 bp −$1,537 | 814.0 bp −$81.4K | 1255.7 bp −$627.8K |
| Sell Gate live order book, 10 min ago | 3.16 bp | 300.3 bp −$300 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MTLUSDT | −0.0830% | 4h | 0.3163 | +0.191% | $1.7M | $4.8M | 50x | as long as short |
| MEXC MTL_USDT | −0.0816% | 4h | 0.3163 | +0.190% | $293K | $138K | 50x | as long as short |
| BloFin MTL-USDT | −0.0810% | 4h | 0.3158 | +0.032% | — | $6K | 50x | as long as short |
| BingX MTL-USDTlong | −0.0760% | 4h | 0.3157 | long leg | — | $1.3M | — | |
| Aster MTLUSDT | −0.0617% | 1h | 0.3164 | +0.211% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDT | −0.0336% | 4h | 0.3157 | 0.000% | $344K | $116K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3154 | −0.095% | $1.1M | $960K | 25x | as long as short |
| Gate MTL_USDTshort | +0.0100% | 4h | 0.3158 | +0.032% | $157K | $65K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3173 | +0.507% | $669K | $24K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
Aster MTLUSDT
Bitget MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM