Funding you earn now, next payment 04:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.229%
Price spread now: Bybit against Bitget−0.063%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2482.481% of the position
Funding, last 7 days+2.170%+$217 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.063%, 7d avg +0.022%
=Funding pays, the price is against you. Bybit is 0.086% cheaper against Bitget than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.022%). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+2.170% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3165 | −0.0298 | get 0.0149% / 4h | 2h 11m | $345K | $122K | 25x |
| Short | Bybit MTLUSDT | 0.3163 | 0.0100 | get 0.0100% / 8h | 6h 11m | $1.1M | $978K | 25x |
Bitget MTLUSDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $83.58
- Price spread: −0.063% → +0.022%
- −$8.55
- Slippage, 4 orders
- −$225.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$173.09
- Costs to cover
- 2.481%
- Break-even
- 21.5 days
Slippage from Bitget: live order book, 49 min ago; Bybit: live order book, 4 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, 49 min ago | 4.78 bp | 74.7 bp −$75 | 638.5 bp −$6,385 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.17 bp | 48.3 bp −$48 | 434.8 bp −$4,348 | doesn't fit | doesn't fit |
MTL on 8 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 | −0.0728% | 4h | 0.3170 | +0.158% | $1.7M | $4.9M | 50x | as long as short |
| MEXC MTL_USDT | −0.0718% | 4h | 0.3171 | +0.190% | $281K | $141K | 50x | as long as short |
| BingX MTL-USDT | −0.0660% | 4h | 0.3170 | +0.158% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | −0.0450% | 1h | 0.3175 | +0.327% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTlong | −0.0298% | 4h | 0.3165 | long leg | $345K | $122K | 25x | |
| Bybit MTLUSDTshort | +0.0100% | 8h | 0.3163 | −0.063% | $1.1M | $978K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3168 | +0.095% | $157K | $67K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3168 | +0.095% | $668K | $25K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
BingX MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM