Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.015%
Price spread now: BloFin against BingX+0.632%216s7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1251.247% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)−0.774%−$77 · spread now +0.632%, 7d avg −0.040%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.672% dearer against BingX than usual: you sell high and buy low: +$67 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 216 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3166 | −0.0649 | get 0.0325% / 4h | 2h 45m | — | $1.3M | — |
| Short | BloFin MTL-USDT | 0.3186 | −0.0631 | pay 0.0316% / 4h | 2h 45m | $116K | $6K | 50x |
BingX MTL-USDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.73
- Price spread: +0.632% → −0.040%
- $67.16
- Slippage, 4 orders
- −$102.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.86
- Costs to cover
- 1.247%
- Break-even
- 108.2 days
Slippage from BingX: live order book, 1 min ago; BloFin: live order book, 4 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, 1 min ago | 4.74 bp | 36.2 bp −$36 | 147.9 bp −$1,479 | 558.4 bp −$55.8K | 1071.8 bp −$535.9K |
| Sell BloFin live order book, 4 min ago | 3.15 bp | 28.5 bp −$28 | 77.1 bp −$771 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.2070% | 1h | 0.3167 | +0.019% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | −0.0710% | 4h | 0.3168 | +0.068% | $1.8M | $4.9M | 50x | as long as short |
| MEXC MTL_USDT | −0.0700% | 4h | 0.3168 | +0.063% | $280K | $139K | 50x | as long as short |
| BingX MTL-USDTlong | −0.0649% | 4h | 0.3166 | long leg | — | $1.3M | — | |
| BloFin MTL-USDTshort | −0.0631% | 4h | 0.3186 | +0.632% | $116K | $6K | 50x | |
| Bitget MTLUSDT | −0.0270% | 4h | 0.3162 | −0.126% | $345K | $122K | 25x | as long as short |
| Gate MTL_USDT | −0.0046% | 4h | 0.3163 | −0.095% | $157K | $63K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3160 | −0.190% | $1.1M | $997K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3173 | +0.221% | $669K | $25K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
Bitget MTLUSDT
Gate MTL_USDT
Bybit MTLUSDT
KuCoin MTLUSDTM