Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.014%
Price spread now: BingX against BloFin−0.064%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.064%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.107% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3101 | 0.0125 | pay 0.0063% / 4h | 1h 43m | $119K | $5K | 50x |
| Short | BingX MTL-USDT | 0.3099 | 0.0036 | get 0.0018% / 4h | 1h 43m | — | $1.3M | — |
BloFin MTL-USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$18.72
- Price spread: −0.064% → +0.042%
- −$10.69
- Slippage, 4 orders
- −$91.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$142.42
- Costs to cover
- 1.130%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 min ago; BingX: live order book, 3 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, 29 min ago | 3.23 bp | 29.8 bp −$30 | 117.8 bp −$1,178 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.85 bp | 31.9 bp −$32 | 110.0 bp −$1,100 | 628.6 bp −$62.9K | 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-USDTshort | +0.0036% | 4h | 0.3099 | −0.064% | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3099 | −0.056% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3100 | −0.024% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3095 | −0.193% | $166K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3099 | −0.064% | $267K | $132K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3096 | −0.161% | $657K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3098 | −0.097% | $342K | $93K | 25x | as long as short |
| BloFin MTL-USDTlong | +0.0125% | 4h | 0.3101 | long leg | $119K | $5K | 50x | |
| Bybit MTLUSDT | +0.1092% | 8h | 0.3089 | −0.387% | $1.0M | $687K | 25x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT