Funding you earn now, next payment 00:00 UTC−0.0850%/8h= −93.1% APRpaid last 24h −0.155%
Price spread now: Gate against Bybit+0.192%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$726as in the Funding arb table
Net, price: spread back to 7d avg − costs−$654as in the Price arb table
costs, in and out, $10k−$6716.714% of the position
Funding, last 7 days−0.542%−$54 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.192%, 7d avg +0.019%
=The price spread pays, funding is against you. Gate is 0.172% dearer against Bybit than usual: you sell high and buy low (spread +0.192% now, against its 7-day average of +0.019%): +$17 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.542% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.542% in total (about -28.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MTLUSDT | 0.3127 | 0.0950 | pay 0.0950% / 8h | 34m 16s | $1.0M | $713K | 25x |
| Short | Gate MTL_USDT | 0.3133 | 0.0100 | get 0.0050% / 4h | 34m 16s | $167K | $35K | 25x |
Bybit MTLUSDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$178.59
- Price spread: +0.192% → +0.019%
- $17.25
- Slippage, 4 orders
- −$645.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$832.72
- Costs to cover
- 6.714%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 36 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, 1 min ago | 1.60 bp | 47.3 bp −$47 | 1274.5 bp −$12.7K | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 4.82 bp | 284.2 bp −$284 | 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 | 0.3130 | +0.096% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3132 | +0.146% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3136 | +0.299% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDTshort | +0.0100% | 4h | 0.3133 | +0.192% | $167K | $35K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3135 | +0.256% | $279K | $133K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3134 | +0.224% | $665K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3134 | +0.224% | $350K | $95K | 25x | as long as short |
| BloFin MTL-USDT | +0.0111% | 4h | 0.3137 | +0.320% | $119K | $5K | 50x | as long as short |
| Bybit MTLUSDTlong | +0.0950% | 8h | 0.3127 | long leg | $1.0M | $713K | 25x |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT