MTL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against BloFin+0.097%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$949as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,027as in the Price arb table

costs, in and out, $10k−$1,03010.300% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.810%+$81 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now +0.097%, 7d avg +0.069%

Together, before fees+0.907%+$91 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.028% dearer against BloFin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MTL-USDT	0.3105	0.0102	pay 0.0051% / 4h	1h 27m	$119K	$5K	50x
Short	KuCoin MTLUSDTM	0.3108	0.0100	get 0.0050% / 4h	1h 27m	$659K	$25K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$0.5
Price spread: +0.097% → +0.069%: $2.75
Slippage, 4 orders: −$1,006.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,027.79
Costs to cover: 10.300%
Break-even: never at this rate

Slippage from BloFin: live order book, 45 min ago; KuCoin: live order book, 46 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	3.23 bp	29.8 bp −$30	117.8 bp −$1,178	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	19.36 bp	427.2 bp −$427	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
BingX MTL-USDT	+0.0036%	4h	0.3107	+0.064%	—	$1.3M	—	as long as short
Aster MTLUSDT	+0.0100%	1h	0.3109	+0.130%	$2K	$8K	5x	as long as short
Binance MTLUSDT	+0.0100%	4h	0.3109	+0.129%	$1.8M	$3.5M	50x	as long as short
Gate MTL_USDT	+0.0100%	4h	0.3106	+0.032%	$166K	$38K	25x	as long as short
MEXC MTL_USDT	+0.0100%	4h	0.3109	+0.129%	$268K	$133K	50x	as long as short
KuCoin MTLUSDTMshort	+0.0100%	4h	0.3108	+0.097%	$659K	$25K	30x
Bitget MTLUSDT	+0.0100%	4h	0.3111	+0.193%	$350K	$95K	25x	as long as short
BloFin MTL-USDTlong	+0.0102%	4h	0.3105	long leg	$119K	$5K	50x
Bybit MTLUSDT	+0.1105%	8h	0.3106	+0.032%	$1.0M	$718K	25x	as long as short