Funding you earn now, next payment 00:00 UTC+0.1278%/8h= +140.0% APRpaid last 24h +0.177%
Price spread now: Bybit against BingX−0.226%7-day average +0.230% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$1781.775% of the position
Funding, last 7 days+1.522%+$152 on $10k
+Price spread, last 7 days+2.020%+$202 · spread now −0.226%, 7d avg +0.230%
=Funding pays, the price is against you. Bybit is 0.456% cheaper against BingX than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of +0.230%). If the spread goes back, that is −$46 on $10k: about 29 hours of funding at the current rate (+$38 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3103 | 0.0036 | pay 0.0018% / 4h | 2h 20m | — | $1.3M | — |
| Short | Bybit MTLUSDT | 0.3096 | 0.1314 | get 0.1314% / 8h | 2h 20m | $1.0M | $685K | 25x |
BingX MTL-USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $268.41
- Price spread: −0.226% → +0.230%
- −$45.6
- Slippage, 4 orders
- −$156.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $45.3
- Costs to cover
- 1.775%
- Break-even
- 5.8 days
Slippage from BingX: live order book, 6 min ago; Bybit: 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, 6 min ago | 6.45 bp | 35.5 bp −$35 | 143.9 bp −$1,439 | 795.1 bp −$79.5K | 1143.4 bp −$571.7K |
| Sell Bybit live order book, 4 min ago | 4.85 bp | 48.4 bp −$48 | 605.3 bp −$6,053 | 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 | −0.0106% | 1h | 0.3109 | +0.199% | $2K | $8K | 5x | as long as short |
| BingX MTL-USDTlong | +0.0036% | 4h | 0.3103 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | +0.0056% | 4h | 0.3105 | +0.064% | $120K | $5K | 50x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3104 | +0.032% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3102 | −0.032% | $166K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3104 | +0.032% | $268K | $134K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3109 | +0.193% | $660K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3101 | −0.064% | $343K | $94K | 25x | as long as short |
| Bybit MTLUSDTshort | +0.1314% | 8h | 0.3096 | −0.226% | $1.0M | $685K | 25x |
Aster MTLUSDT
BloFin MTL-USDT
Binance MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT