Funding you earn now, next payment 12:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.031%
Price spread now: BingX against KuCoin0.000%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,062as in the Price arb table
costs, in and out, $10k−$1,06410.645% of the position
Funding, last 7 days−1.046%−$105 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now 0.000%, 7d avg −0.030%
=The price spread pays, funding is against you. BingX is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−1.046% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MTLUSDTM | 0.3138 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $660K | $23K | 30x |
| Short | BingX MTL-USDT | 0.3138 | 0.0036 | get 0.0018% / 4h | 3h 16m | — | $1.3M | — |
KuCoin MTLUSDTM
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$13.44
- Price spread: 0.000% → −0.030%
- $2.99
- Slippage, 4 orders
- −$1,042.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,074.94
- Costs to cover
- 10.645%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 18 min ago; BingX: live order book, 15 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 KuCoin live order book, 18 min ago | 22.41 bp | 534.6 bp −$535 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 3.22 bp | 27.6 bp −$28 | 89.5 bp −$895 | 444.2 bp −$44.4K | 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-USDTshort | +0.0036% | 4h | 0.3138 | 0.000% | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3137 | −0.021% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3138 | +0.013% | $1.7M | $4.7M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3132 | −0.191% | $1.0M | $878K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3134 | −0.127% | $151K | $76K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3137 | −0.032% | $265K | $132K | 50x | as long as short |
| KuCoin MTLUSDTMlong | +0.0100% | 4h | 0.3138 | long leg | $660K | $23K | 30x | |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3136 | −0.064% | $329K | $147K | 25x | as long as short |
| BloFin MTL-USDT | +0.0120% | 4h | 0.3134 | −0.127% | $108K | $8K | 50x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
Bitget MTLUSDT
BloFin MTL-USDT