Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.016%
Price spread now: BingX against Binance−0.063%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.063%, 7d avg +0.061%
=Funding pays, the price is against you. BingX is 0.124% cheaper against Binance than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.061%). If the spread goes back, that is −$12 on $10k: about 7.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MTLUSDT | 0.3174 | −0.0765 | get 0.0382% / 4h | 2h 04m | $1.7M | $4.9M | 50x |
| Short | BingX MTL-USDT | 0.3172 | −0.0706 | pay 0.0353% / 4h | 2h 04m | — | $1.4M | — |
Binance MTLUSDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $12.33
- Price spread: −0.063% → +0.061%
- −$12.36
- Slippage, 4 orders
- −$114.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$134.85
- Costs to cover
- 1.348%
- Break-even
- 83.5 days
Slippage from Binance: live order book, 3 min ago; BingX: live order book, 10 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 Binance live order book, 3 min ago | 3.15 bp | 32.4 bp −$32 | 191.6 bp −$1,916 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.32 bp | 37.7 bp −$38 | 120.2 bp −$1,202 | 559.3 bp −$55.9K | 1138.1 bp −$569.0K |
MTL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MTLUSDTlong | −0.0765% | 4h | 0.3174 | long leg | $1.7M | $4.9M | 50x | |
| MEXC MTL_USDT | −0.0756% | 4h | 0.3172 | −0.063% | $293K | $143K | 50x | as long as short |
| BingX MTL-USDTshort | −0.0706% | 4h | 0.3172 | −0.063% | — | $1.4M | — | |
| Aster MTLUSDT | −0.0506% | 1h | 0.3175 | +0.045% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDT | −0.0342% | 4h | 0.3167 | −0.221% | $345K | $122K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3164 | −0.315% | $1.1M | $963K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3167 | −0.221% | $157K | $67K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3170 | −0.126% | $668K | $25K | 30x | as long as short |
MEXC MTL_USDT
Aster MTLUSDT
Bitget MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM