Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.018%
Price spread now: Bitget against BloFin0.000%65s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1491.494% of the position
Funding, last 7 days+0.503%+$50 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now 0.000%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.026% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3137 | 0.0058 | pay 0.0029% / 4h | 2h 00m | $110K | $8K | 50x |
| Short | Bitget MTLUSDT | 0.3137 | 0.0100 | get 0.0050% / 4h | 2h 00m | $343K | $128K | 25x |
BloFin MTL-USDT
Bitget MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $8.72
- Price spread: 0.000% → −0.026%
- $2.58
- Slippage, 4 orders
- −$125.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$138.12
- Costs to cover
- 1.494%
- Break-even
- 117.9 days
Slippage from BloFin: live order book, 6 min ago; Bitget: live order book, 40 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, 6 min ago | 3.19 bp | 27.2 bp −$27 | 93.5 bp −$935 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 40 min ago | 3.21 bp | 37.6 bp −$38 | 338.5 bp −$3,385 | 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 | 0.3135 | −0.064% | — | $1.3M | — | as long as short |
| BloFin MTL-USDTlong | +0.0058% | 4h | 0.3137 | long leg | $110K | $8K | 50x | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3139 | +0.061% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3137 | 0.000% | $1.7M | $4.8M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3131 | −0.191% | $1.0M | $911K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3135 | −0.064% | $152K | $79K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3137 | 0.000% | $265K | $132K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3140 | +0.096% | $661K | $24K | 30x | as long as short |
| Bitget MTLUSDTshort | +0.0100% | 4h | 0.3137 | 0.000% | $343K | $128K | 25x |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM