Funding you earn now, next payment 04:00 UTC−0.0508%/8h= −55.6% APRnext payment −$2.54 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bitget+0.094%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days−0.539%−$54 on $10k
+Price spread, last 4 days (all we have)−0.613%−$61 · spread now +0.094%, 7d avg +0.053%
=The price spread pays, funding is against you. Binance is 0.041% dearer against Bitget than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.053%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3177 | −0.0230 | get 0.0115% / 4h | 1h 19m | $347K | $115K | 25x |
| Short | Binance MTLUSDT | 0.3180 | −0.0738 | pay 0.0369% / 4h | 1h 19m | $1.7M | $4.8M | 50x |
Bitget MTLUSDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$106.65
- Price spread: +0.094% → +0.053%
- $4.11
- Slippage, 4 orders
- −$111.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$236.38
- Costs to cover
- 1.338%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 36 min ago; Binance: live order book, 3 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 Bitget live order book, 36 min ago | 3.16 bp | 41.0 bp −$41 | 422.8 bp −$4,228 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 3.15 bp | 34.1 bp −$34 | 126.2 bp −$1,262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MTL-USDT | −0.0815% | 4h | 0.3172 | −0.157% | $115K | $7K | 50x | as long as short |
| MEXC MTL_USDT | −0.0750% | 4h | 0.3179 | +0.063% | $294K | $139K | 50x | as long as short |
| BingX MTL-USDT | −0.0738% | 4h | 0.3177 | 0.000% | — | $1.4M | — | as long as short |
| Binance MTLUSDTshort | −0.0738% | 4h | 0.3180 | +0.094% | $1.7M | $4.8M | 50x | |
| Aster MTLUSDT | −0.0565% | 1h | 0.3180 | +0.080% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTlong | −0.0230% | 4h | 0.3177 | long leg | $347K | $115K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3170 | −0.220% | $1.1M | $959K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3177 | 0.000% | $158K | $66K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3177 | 0.000% | $670K | $23K | 30x | as long as short |
BloFin MTL-USDT
MEXC MTL_USDT
BingX MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM