Funding you earn now, next payment 00:00 UTC+0.1024%/8h= +112.2% APRpaid last 24h +0.155%
Price spread now: Bybit against Gate−0.130%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$697as in the Funding arb table
Net, price: spread back to 7d avg − costs−$711as in the Price arb table
costs, in and out, $10k−$7006.998% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.130%, 7d avg −0.016%
=Funding pays, the price is against you. Bybit is 0.114% cheaper against Gate than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.016%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.027% in total) that is about 29 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% 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 | Gate MTL_USDT | 0.3088 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $166K | $37K | 25x |
| Short | Bybit MTLUSDT | 0.3084 | 0.1124 | get 0.1124% / 8h | 1h 56m | $1.0M | $686K | 25x |
Gate MTL_USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $215.09
- Price spread: −0.130% → −0.016%
- −$11.37
- Slippage, 4 orders
- −$673.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$496.1
- Costs to cover
- 6.998%
- Break-even
- 23.1 days
Slippage from Gate: live order book, 19 min ago; Bybit: live order book, 4 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, 19 min ago | 4.84 bp | 302.0 bp −$302 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.62 bp | 41.8 bp −$42 | 567.6 bp −$5,676 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | +0.0003% | 1h | 0.3092 | +0.130% | $2K | $8K | 5x | as long as short |
| BingX MTL-USDT | +0.0036% | 4h | 0.3090 | +0.065% | — | $1.3M | — | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3095 | +0.220% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3088 | long leg | $166K | $37K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3094 | +0.194% | $267K | $131K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3091 | +0.097% | $656K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3092 | +0.130% | $342K | $94K | 25x | as long as short |
| BloFin MTL-USDT | +0.0138% | 4h | 0.3092 | +0.130% | $119K | $5K | 50x | as long as short |
| Bybit MTLUSDTshort | +0.1124% | 8h | 0.3084 | −0.130% | $1.0M | $686K | 25x |
Aster MTLUSDT
BingX MTL-USDT
Binance MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT