Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BloFin−0.191%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$780.780% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.499%+$50 · spread now −0.191%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.209% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3142 | 0.0152 | pay 0.0076% / 4h | 3h 12m | $108K | $8K | 50x |
| Short | MEXC MTL_USDT | 0.3136 | 0.0100 | get 0.0050% / 4h | 3h 12m | $264K | $132K | 50x |
BloFin MTL-USDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$11.02
- Price spread: −0.191% → +0.018%
- −$20.92
- Slippage, 4 orders
- −$61.99
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$109.93
- Costs to cover
- 0.780%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 42 min ago; MEXC: 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, 42 min ago | 3.21 bp | 21.9 bp −$22 | 89.5 bp −$895 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.59 bp | 14.6 bp −$15 | 111.5 bp −$1,115 | 182.9 bp −$18.3K | 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 | 0.3136 | −0.191% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3138 | −0.126% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3137 | −0.174% | $1.7M | $4.7M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3132 | −0.318% | $1.0M | $873K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3137 | −0.159% | $151K | $76K | 25x | as long as short |
| MEXC MTL_USDTshort | +0.0100% | 4h | 0.3136 | −0.191% | $264K | $132K | 50x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3139 | −0.095% | $661K | $23K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3135 | −0.223% | $329K | $147K | 25x | as long as short |
| BloFin MTL-USDTlong | +0.0152% | 4h | 0.3142 | long leg | $108K | $8K | 50x |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT