Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin+0.129%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1000.995% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.129%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.100% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3102 | 0.0049 | pay 0.0025% / 4h | 2h 34m | $119K | $5K | 50x |
| Short | Binance MTLUSDT | 0.3106 | 0.0100 | get 0.0050% / 4h | 2h 34m | $1.8M | $3.5M | 50x |
BloFin MTL-USDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $10.65
- Price spread: +0.129% → +0.029%
- $9.96
- Slippage, 4 orders
- −$77.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.93
- Costs to cover
- 0.995%
- Break-even
- 58.9 days
Slippage from BloFin: live order book, 45 min ago; Binance: live order book, 2 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 BloFin live order book, 45 min ago | 1.61 bp | 17.4 bp −$17 | 95.9 bp −$959 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.22 bp | 27.8 bp −$28 | 132.1 bp −$1,321 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDT | +0.0036% | 4h | 0.3105 | +0.097% | — | $1.3M | — | as long as short |
| BloFin MTL-USDTlong | +0.0049% | 4h | 0.3102 | long leg | $119K | $5K | 50x | |
| Aster MTLUSDT | +0.0053% | 1h | 0.3138 | +1.160% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDTshort | +0.0100% | 4h | 0.3106 | +0.129% | $1.8M | $3.5M | 50x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3105 | +0.097% | $167K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3106 | +0.129% | $269K | $134K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3106 | +0.129% | $659K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3105 | +0.097% | $344K | $94K | 25x | as long as short |
| Bybit MTLUSDT | +0.1462% | 8h | 0.3096 | −0.193% | $1.0M | $688K | 25x | as long as short |
BingX MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT