Funding you earn now, next payment 04:00 UTC+0.0376%/8h= +41.2% APRnext payment +$1.88 per $10,000 · paid last 24h +0.022%
Price spread now: Bitget against BingX−0.032%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1591.594% of the position
Funding, last 7 days+0.659%+$66 on $10k
+Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.032%, 7d avg −0.073%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bitget is 0.042% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3146 | −0.0538 | get 0.0269% / 4h | 47m 10s | — | $1.3M | — |
| Short | Bitget MTLUSDT | 0.3145 | −0.0162 | pay 0.0081% / 4h | 47m 10s | $343K | $115K | 25x |
BingX MTL-USDT
Bitget MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $78.96
- Price spread: −0.032% → −0.073%
- $4.15
- Slippage, 4 orders
- −$137.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$76.29
- Costs to cover
- 1.594%
- Break-even
- 13.8 days
Slippage from BingX: live order book, 13 min ago; Bitget: live order book, 3 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 BingX live order book, 13 min ago | 4.77 bp | 30.0 bp −$30 | 166.2 bp −$1,662 | 837.9 bp −$83.8K | 1318.9 bp −$659.4K |
| Sell Bitget live order book, 3 min ago | 3.18 bp | 46.5 bp −$46 | 328.5 bp −$3,285 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MTL-USDT | −0.0600% | 4h | 0.3146 | 0.000% | $114K | $7K | 50x | as long as short |
| Binance MTLUSDT | −0.0573% | 4h | 0.3148 | +0.056% | $1.7M | $4.8M | 50x | as long as short |
| MEXC MTL_USDT | −0.0572% | 4h | 0.3148 | +0.064% | $290K | $135K | 50x | as long as short |
| BingX MTL-USDTlong | −0.0538% | 4h | 0.3146 | long leg | — | $1.3M | — | |
| Bitget MTLUSDTshort | −0.0162% | 4h | 0.3145 | −0.032% | $343K | $115K | 25x | |
| Aster MTLUSDT | −0.0038% | 1h | 0.3148 | +0.059% | $2K | $8K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3141 | −0.159% | $1.1M | $963K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3147 | +0.032% | $156K | $64K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3148 | +0.064% | $664K | $22K | 30x | as long as short |
BloFin MTL-USDT
Binance MTLUSDT
MEXC MTL_USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM