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

MTL

all MTL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0602%/8h= −65.9% APRpaid last 24h −0.037%
Price spread now: Aster against KuCoin+0.066%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.066% dearer against KuCoin than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MTLUSDTM0.31850.0100pay 0.0050% / 4h2h 29m$671K$25K30x
ShortAster MTLUSDT0.3187−0.0502pay 0.0063% / 1h29m 32s$2K$8K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
−$126.39
Price spread: +0.066% → 0.000%
$6.62
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$139.76
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 9 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago31.59 bp578.6 bp −$579doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MTL on 8 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
Binance MTLUSDT−0.0672%4h0.3187+0.055%$1.8M$4.9M50xas long as short
MEXC MTL_USDT−0.0670%4h0.3186+0.031%$282K$140K50xas long as short
BingX MTL-USDT−0.0650%4h0.31850.000%$1.3Mas long as short
Aster MTLUSDTshort−0.0502%1h0.3187+0.066%$2K$8K5x
Bitget MTLUSDT−0.0230%4h0.3182−0.094%$347K$122K25xas long as short
Bybit MTLUSDT+0.0100%8h0.3182−0.094%$1.1M$997K25xas long as short
Gate MTL_USDT+0.0100%4h0.3184−0.031%$158K$64K25xas long as short
KuCoin MTLUSDTMlong+0.0100%4h0.3185long leg$671K$25K30x