Funding you earn now, next payment 04:00 UTC+0.0418%/8h= +45.8% APRnext payment +$2.09 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget+0.381%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,147as in the Price arb table
costs, in and out, $10k−$1,17511.754% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)−0.587%−$59 · spread now +0.381%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and KuCoin is 0.284% dearer against Bitget than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.097%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.270% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3153 | −0.0318 | get 0.0159% / 4h | 1h 41m | $344K | $116K | 25x |
| Short | KuCoin MTLUSDTM | 0.3165 | 0.0100 | get 0.0050% / 4h | 1h 41m | $667K | $24K | 30x |
Bitget MTLUSDT
KuCoin MTLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $87.78
- Price spread: +0.381% → +0.097%
- $28.35
- Slippage, 4 orders
- −$1,151.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,059.26
- Costs to cover
- 11.754%
- Break-even
- 91.5 days
Slippage from Bitget: live order book, 14 min ago; KuCoin: live order book, 57 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, 14 min ago | 3.16 bp | 41.0 bp −$41 | 422.8 bp −$4,228 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 57 min ago | 31.59 bp | 521.7 bp −$522 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MTLUSDT | −0.0819% | 4h | 0.3156 | +0.080% | $1.7M | $4.8M | 50x | as long as short |
| MEXC MTL_USDT | −0.0818% | 4h | 0.3155 | +0.063% | $292K | $138K | 50x | as long as short |
| BloFin MTL-USDT | −0.0781% | 4h | 0.3159 | +0.190% | $114K | $6K | 50x | as long as short |
| BingX MTL-USDT | −0.0762% | 4h | 0.3155 | +0.063% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | −0.0549% | 1h | 0.3161 | +0.240% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTlong | −0.0318% | 4h | 0.3153 | long leg | $344K | $116K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3150 | −0.095% | $1.1M | $961K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3156 | +0.095% | $157K | $65K | 25x | as long as short |
| KuCoin MTLUSDTMshort | +0.0100% | 4h | 0.3165 | +0.381% | $667K | $24K | 30x |
Binance MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
BingX MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT