Settings8H · net · $10k
Funding arb · Price arb /

MTL

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Gate+0.032%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,041as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,960as in the Price arb table
costs, in and out, $10k−$1,95919.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.827%−$83 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.032%, 7d avg +0.048%
Together, before fees−0.859%−$86 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MTL_USDT0.31050.0100pay 0.0050% / 4h2h 33m$167K$37K25x
ShortKuCoin MTLUSDTM0.31060.0100get 0.0050% / 4h2h 33m$659K$25K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.032% → +0.048%
−$1.59
Slippage, 4 orders
−$1,931.51
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,960.1
Costs to cover
19.585%
Break-even
never at this rate
Slippage from Gate: live order book, 49 min ago; KuCoin: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 49 min ago9.65 bp295.3 bp −$295doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 49 min ago28.95 bp550.9 bp −$551doesn't fitdoesn't fitdoesn't fit

MTL on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MTLUSDT+0.0012%1h0.3138+1.061%$2K$8K5xas long as short
BingX MTL-USDT+0.0036%4h0.31050.000%$1.3Mas long as short
BloFin MTL-USDT+0.0049%4h0.3102−0.097%$119K$5K50xas long as short
Binance MTLUSDT+0.0100%4h0.3105+0.013%$1.8M$3.5M50xas long as short
Gate MTL_USDTlong+0.0100%4h0.3105long leg$167K$37K25x
MEXC MTL_USDT+0.0100%4h0.31050.000%$269K$134K50xas long as short
KuCoin MTLUSDTMshort+0.0100%4h0.3106+0.032%$659K$25K30x
Bitget MTLUSDT+0.0100%4h0.31050.000%$344K$94K25xas long as short
Bybit MTLUSDT+0.1450%8h0.3097−0.258%$1.0M$688K25xas long as short