Funding you earn now, next payment 04:00 UTC−0.0416%/8h= −45.6% APRnext payment −$2.08 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against Bitget+0.190%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1871.871% of the position
Funding, last 7 days−0.546%−$55 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.190%, 7d avg +0.043%
=The price spread pays, funding is against you. MEXC is 0.146% dearer against Bitget than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.043%): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3164 | −0.0328 | get 0.0164% / 4h | 2h 07m | $345K | $122K | 25x |
| Short | MEXC MTL_USDT | 0.3170 | −0.0744 | pay 0.0372% / 4h | 2h 07m | $280K | $141K | 50x |
Bitget MTLUSDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$87.36
- Price spread: +0.190% → +0.043%
- $14.65
- Slippage, 4 orders
- −$171.13
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$259.84
- Costs to cover
- 1.871%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 52 min ago; MEXC: live order book, 42 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, 52 min ago | 4.78 bp | 74.7 bp −$75 | 638.5 bp −$6,385 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 42 min ago | 3.15 bp | 16.3 bp −$16 | 119.8 bp −$1,198 | 181.4 bp −$18.1K | 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 | −0.0750% | 4h | 0.3170 | +0.190% | $1.7M | $4.9M | 50x | as long as short |
| MEXC MTL_USDTshort | −0.0744% | 4h | 0.3170 | +0.190% | $280K | $141K | 50x | |
| BingX MTL-USDT | −0.0682% | 4h | 0.3167 | +0.095% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | −0.0490% | 1h | 0.3175 | +0.336% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTlong | −0.0328% | 4h | 0.3164 | long leg | $345K | $122K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3161 | −0.095% | $1.1M | $978K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3165 | +0.032% | $157K | $67K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3167 | +0.095% | $668K | $25K | 30x | as long as short |
Binance MTLUSDT
BingX MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM