Funding you earn now, next payment 08:00 UTC+0.0306%/8h= +33.5% APRnext payment +$1.53 per $10,000 · paid last 24h +0.022%
Price spread now: KuCoin against BingX+0.064%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,066as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,155as in the Price arb table
costs, in and out, $10k−$1,15911.592% of the position
Funding, last 7 days+0.929%+$93 on $10k
+Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.064%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.041% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3139 | −0.0206 | get 0.0103% / 4h | 3h 58m | — | $1.3M | — |
| Short | KuCoin MTLUSDTM | 0.3141 | 0.0100 | get 0.0050% / 4h | 3h 58m | $662K | $23K | 30x |
BingX MTL-USDT
KuCoin MTLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $64.26
- Price spread: +0.064% → +0.023%
- $4.06
- Slippage, 4 orders
- −$1,137.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,090.83
- Costs to cover
- 11.592%
- Break-even
- 125.8 days
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 16 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, 8 min ago | 6.38 bp | 34.7 bp −$35 | 168.2 bp −$1,682 | 781.0 bp −$78.1K | 1212.6 bp −$606.3K |
| Sell KuCoin live order book, 16 min ago | 30.14 bp | 548.9 bp −$549 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDTlong | −0.0206% | 4h | 0.3139 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | −0.0190% | 4h | 0.3143 | +0.127% | $112K | $7K | 50x | as long as short |
| MEXC MTL_USDT | −0.0170% | 4h | 0.3142 | +0.096% | $281K | $126K | 50x | as long as short |
| Binance MTLUSDT | −0.0163% | 4h | 0.3143 | +0.126% | $1.7M | $4.8M | 50x | as long as short |
| Bitget MTLUSDT | +0.0082% | 4h | 0.3143 | +0.127% | $345K | $114K | 25x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3143 | +0.135% | $2K | $9K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3134 | −0.159% | $1.1M | $958K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3139 | 0.000% | $153K | $75K | 25x | as long as short |
| KuCoin MTLUSDTMshort | +0.0100% | 4h | 0.3141 | +0.064% | $662K | $23K | 30x |
BloFin MTL-USDT
MEXC MTL_USDT
Binance MTLUSDT
Bitget MTLUSDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT