Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.015%
Price spread now: BingX against MEXC−0.032%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$790.786% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.032%, 7d avg +0.032%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.064% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MTL_USDT | 0.3138 | 0.0100 | pay 0.0050% / 4h | 55m 39s | $271K | $131K | 50x |
| Short | BingX MTL-USDT | 0.3137 | 0.0036 | get 0.0018% / 4h | 55m 39s | — | $1.3M | — |
MEXC MTL_USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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: −0.032% → +0.032%
- −$6.37
- Slippage, 4 orders
- −$64.6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$98.4
- Costs to cover
- 0.786%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 1 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 MEXC live order book, 4 min ago | 1.60 bp | 19.3 bp −$19 | 120.9 bp −$1,209 | 180.0 bp −$18.0K | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.78 bp | 24.8 bp −$25 | 110.5 bp −$1,105 | 467.7 bp −$46.8K | 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 | 0.3137 | −0.032% | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3139 | +0.037% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3139 | +0.031% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3136 | −0.064% | $168K | $35K | 25x | as long as short |
| MEXC MTL_USDTlong | +0.0100% | 4h | 0.3138 | long leg | $271K | $131K | 50x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3137 | −0.032% | $666K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3136 | −0.064% | $350K | $96K | 25x | as long as short |
| BloFin MTL-USDT | +0.0139% | 4h | 0.3138 | 0.000% | $119K | $5K | 50x | as long as short |
| Bybit MTLUSDT | +0.1017% | 8h | 0.3130 | −0.255% | $1.0M | $718K | 25x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT
Bybit MTLUSDT