Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Gate−0.218%78s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$645as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4744.736% of the position
Funding, last 7 days−1.717%−$172 on $10k
+Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.218%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.204% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3216 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $167K | $51K | 25x |
| Short | BloFin MTL-USDT | 0.3209 | 0.0101 | get 0.0050% / 4h | 3h 41m | $120K | $6K | 50x |
Gate MTL_USDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $0.16
- Price spread: −0.218% → −0.014%
- −$20.36
- Slippage, 4 orders
- −$446.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$493.8
- Costs to cover
- 4.736%
- Break-even
- 22168.0 days
Slippage from Gate: live order book, 24 min ago; BloFin: live order book, 13 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, 24 min ago | 3.20 bp | 192.3 bp −$192 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 4.66 bp | 46.6 bp −$47 | 151.4 bp −$1,514 | 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 | 0.3211 | −0.155% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3226 | +0.318% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3207 | −0.290% | $1.8M | $4.3M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3208 | −0.249% | $1.1M | $870K | 25x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3216 | long leg | $167K | $51K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3216 | 0.000% | $294K | $136K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3217 | +0.031% | $679K | $26K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3206 | −0.311% | $353K | $115K | 25x | as long as short |
| BloFin MTL-USDTshort | +0.0101% | 4h | 0.3209 | −0.218% | $120K | $6K | 50x |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT