Funding you earn now, next payment 04:00 UTC−0.0782%/8h= −85.6% APRnext payment −$3.91 per $10,000 · paid last 24h −0.022%
Price spread now: BingX against Gate+0.158%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$828as in the Funding arb table
Net, price: spread back to 7d avg − costs−$639as in the Price arb table
costs, in and out, $10k−$6526.516% of the position
Funding, last 7 days−1.768%−$177 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.158%, 7d avg +0.028%
=The price spread pays, funding is against you. BingX is 0.130% dearer against Gate than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.028%): +$13 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3165 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $157K | $67K | 25x |
| Short | BingX MTL-USDT | 0.3170 | −0.0682 | pay 0.0341% / 4h | 2h 09m | — | $1.3M | — |
Gate MTL_USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$164.22
- Price spread: +0.158% → +0.028%
- $13.01
- Slippage, 4 orders
- −$626.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$802.84
- Costs to cover
- 6.516%
- Break-even
- never at this rate
Slippage from Gate: live order book, 51 min ago; BingX: live order book, 5 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 Gate live order book, 51 min ago | 3.18 bp | 299.0 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 6.32 bp | 37.7 bp −$38 | 120.2 bp −$1,202 | 559.3 bp −$55.9K | 1138.1 bp −$569.0K |
MTL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MTLUSDT | −0.0736% | 4h | 0.3165 | 0.000% | $1.7M | $4.9M | 50x | as long as short |
| MEXC MTL_USDT | −0.0728% | 4h | 0.3170 | +0.158% | $280K | $141K | 50x | as long as short |
| BingX MTL-USDTshort | −0.0682% | 4h | 0.3170 | +0.158% | — | $1.3M | — | |
| Aster MTLUSDT | −0.0459% | 1h | 0.3167 | +0.076% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDT | −0.0308% | 4h | 0.3158 | −0.221% | $344K | $122K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3160 | −0.158% | $1.1M | $978K | 25x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3165 | long leg | $157K | $67K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3162 | −0.095% | $667K | $25K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
Aster MTLUSDT
Bitget MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM