Funding you earn now, next payment 00:00 UTC−0.1006%/8h= −110.1% APRpaid last 24h −0.162%
Price spread now: Binance against Bybit+0.325%7-day average −0.278% · you sell dearer than you buy
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1601.595% of the position
Funding, last 7 days−1.819%−$182 on $10k
+Price spread, last 7 days−1.876%−$188 · spread now +0.325%, 7d avg −0.278%
=The price spread pays, funding is against you. Binance is 0.603% dearer against Bybit than usual: you sell high and buy low (spread +0.325% now, against its 7-day average of −0.278%): +$60 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MTLUSDT | 0.3081 | 0.1106 | pay 0.1106% / 8h | 1h 50m | $1.0M | $687K | 25x |
| Short | Binance MTLUSDT | 0.3091 | 0.0100 | get 0.0050% / 4h | 1h 50m | $1.8M | $3.5M | 50x |
Bybit MTLUSDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$211.17
- Price spread: +0.325% → −0.278%
- $60.28
- Slippage, 4 orders
- −$138.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$310.41
- Costs to cover
- 1.595%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 1 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 Bybit live order book, 5 min ago | 1.62 bp | 52.7 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.62 bp | 31.0 bp −$31 | 146.2 bp −$1,462 | 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 | 0.3089 | +0.260% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0043% | 1h | 0.3091 | +0.310% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDTshort | +0.0100% | 4h | 0.3091 | +0.325% | $1.8M | $3.5M | 50x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3090 | +0.292% | $166K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3091 | +0.325% | $267K | $131K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3094 | +0.422% | $657K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3092 | +0.357% | $342K | $93K | 25x | as long as short |
| BloFin MTL-USDT | +0.0115% | 4h | 0.3090 | +0.292% | $118K | $5K | 50x | as long as short |
| Bybit MTLUSDTlong | +0.1106% | 8h | 0.3081 | long leg | $1.0M | $687K | 25x |
BingX MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT