Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.015%
Price spread now: MEXC against BingX−0.127%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$880.875% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.127%, 7d avg −0.032%
=Funding pays, the price is against you. MEXC is 0.096% cheaper against BingX than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.032%). If the spread goes back, that is −$10 on $10k: about 5.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3140 | 0.0036 | pay 0.0018% / 4h | 57m 49s | — | $1.3M | — |
| Short | MEXC MTL_USDT | 0.3136 | 0.0100 | get 0.0050% / 4h | 57m 49s | $270K | $130K | 50x |
BingX MTL-USDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.127% → −0.032%
- −$9.56
- Slippage, 4 orders
- −$73.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$83.63
- Costs to cover
- 0.875%
- Break-even
- 50.6 days
Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 2 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, 13 min ago | 3.21 bp | 26.8 bp −$27 | 138.9 bp −$1,389 | 727.6 bp −$72.8K | 1102.4 bp −$551.2K |
| Sell MEXC live order book, 2 min ago | 1.60 bp | 8.7 bp −$9 | 98.7 bp −$987 | 177.2 bp −$17.7K | 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 | 0.3140 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | +0.0097% | 4h | 0.3131 | −0.287% | $118K | $5K | 50x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3137 | −0.111% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3137 | −0.095% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3129 | −0.350% | $167K | $35K | 25x | as long as short |
| MEXC MTL_USDTshort | +0.0100% | 4h | 0.3136 | −0.127% | $270K | $130K | 50x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3132 | −0.255% | $664K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3133 | −0.223% | $350K | $96K | 25x | as long as short |
| Bybit MTLUSDT | +0.1029% | 8h | 0.3127 | −0.414% | $1.0M | $717K | 25x | as long as short |
BloFin MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT