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: Bitget against KuCoin+0.097%7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,059as in the Price arb table
costs, in and out, $10k−$1,07810.782% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.242%−$24 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.097%, 7d avg −0.094%
Together, before fees−0.305%−$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.190% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.094%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MTLUSDTM0.30970.0100pay 0.0050% / 4h1h 42m$657K$25K30x
ShortBitget MTLUSDT0.31000.0100get 0.0050% / 4h1h 42m$343K$93K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: +0.097% → −0.094%
$19.05
Slippage, 4 orders
−$1,054.18
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,059.13
Costs to cover
10.782%
Break-even
never at this rate
Slippage from KuCoin: live order book, 31 min ago; Bitget: live order book, 33 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 KuCoin live order book, 31 min ago19.36 bp548.6 bp −$549doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 33 min ago4.84 bp50.3 bp −$50439.3 bp −$4,393doesn'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
BingX MTL-USDT+0.0036%4h0.3100+0.097%$1.3Mas long as short
Aster MTLUSDT+0.0100%1h0.3099+0.072%$2K$8K5xas long as short
Binance MTLUSDT+0.0100%4h0.3101+0.144%$1.8M$3.5M50xas long as short
Gate MTL_USDT+0.0100%4h0.3095−0.065%$166K$37K25xas long as short
MEXC MTL_USDT+0.0100%4h0.3101+0.129%$268K$132K50xas long as short
KuCoin MTLUSDTMlong+0.0100%4h0.3097long leg$657K$25K30x
Bitget MTLUSDTshort+0.0100%4h0.3100+0.097%$343K$93K25x
BloFin MTL-USDT+0.0125%4h0.3101+0.129%$119K$5K50xas long as short
Bybit MTLUSDT+0.1094%8h0.3090−0.226%$1.0M$687K25xas long as short