Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.249%
Price spread now: BloFin against Bybit−0.349%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
Funding, last 7 days−2.460%−$246 on $10k
+Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.349%, 7d avg +0.013%
=Funding pays, the price is against you. BloFin is 0.362% cheaper against Bybit than usual: you would sell low and buy high (spread −0.349% now, against its 7-day average of +0.013%). If the spread goes back, that is −$36 on $10k: about 3 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −2.460%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MTLUSDT | 0.3148 | 0.0100 | pay 0.0100% / 8h | 3h 10m | $1.1M | $942K | 25x |
| Short | BloFin MTL-USDT | 0.3137 | 0.0115 | get 0.0057% / 4h | 3h 10m | $111K | $7K | 50x |
Bybit MTLUSDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.1
- Price spread: −0.349% → +0.013%
- −$36.19
- Slippage, 4 orders
- −$118.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$174.88
- Costs to cover
- 1.418%
- Break-even
- 402.5 days
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 | 3.19 bp | 45.5 bp −$46 | 1324.6 bp −$13.2K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.59 bp | 26.5 bp −$27 | 82.4 bp −$824 | 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 | 0.3150 | +0.064% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3151 | +0.109% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3149 | +0.016% | $1.7M | $4.8M | 50x | as long as short |
| Bybit MTLUSDTlong | +0.0100% | 8h | 0.3148 | long leg | $1.1M | $942K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3144 | −0.127% | $153K | $77K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3148 | 0.000% | $281K | $128K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3148 | 0.000% | $663K | $23K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3145 | −0.095% | $347K | $124K | 25x | as long as short |
| BloFin MTL-USDTshort | +0.0115% | 4h | 0.3137 | −0.349% | $111K | $7K | 50x |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT