Funding you earn now, next payment 04:00 UTC−0.0327%/8h= −35.8% APRnext payment −$1.64 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Bitget+0.346%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1521.524% of the position
Funding, last 7 days−0.545%−$54 on $10k
+Price spread, last 3 days (all we have)−0.353%−$35 · spread now +0.346%, 7d avg +0.031%
=The price spread pays, funding is against you. BloFin is 0.315% dearer against Bitget than usual: you sell high and buy low (spread +0.346% now, against its 7-day average of +0.031%): +$32 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3177 | −0.0302 | get 0.0151% / 4h | 3h 18m | $348K | $115K | 25x |
| Short | BloFin MTL-USDT | 0.3188 | −0.0629 | pay 0.0315% / 4h | 3h 18m | $118K | $6K | 50x |
Bitget MTLUSDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$68.73
- Price spread: +0.346% → +0.031%
- $31.51
- Slippage, 4 orders
- −$128.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$189.6
- Costs to cover
- 1.524%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 46 min ago; BloFin: live order book, 36 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, 46 min ago | 3.19 bp | 37.8 bp −$38 | 428.1 bp −$4,281 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 36 min ago | 4.66 bp | 46.6 bp −$47 | 151.4 bp −$1,514 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.1643% | 1h | 0.3181 | +0.122% | $2K | $8K | 5x | as long as short |
| Gate MTL_USDT | −0.1278% | 4h | 0.3176 | −0.031% | $161K | $59K | 25x | as long as short |
| BingX MTL-USDT | −0.0874% | 4h | 0.3177 | 0.000% | — | $1.3M | — | as long as short |
| Bybit MTLUSDT | −0.0630% | 8h | 0.3173 | −0.126% | $1.1M | $959K | 25x | as long as short |
| BloFin MTL-USDTshort | −0.0629% | 4h | 0.3188 | +0.346% | $118K | $6K | 50x | |
| Binance MTLUSDT | −0.0624% | 4h | 0.3179 | +0.063% | $1.8M | $4.7M | 50x | as long as short |
| MEXC MTL_USDT | −0.0624% | 4h | 0.3179 | +0.063% | $307K | $140K | 50x | as long as short |
| Bitget MTLUSDTlong | −0.0302% | 4h | 0.3177 | long leg | $348K | $115K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3178 | +0.031% | $671K | $27K | 30x | as long as short |
Aster MTLUSDT
Gate MTL_USDT
BingX MTL-USDT
Bybit MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM