Funding you earn now, next payment 12:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.034%
Price spread now: Gate against BingX+0.129%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$646as in the Price arb table
costs, in and out, $10k−$6616.610% of the position
Funding, last 7 days+2.008%+$201 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.129%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.154% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3110 | 0.0036 | pay 0.0018% / 4h | 3h 54m | — | $1.3M | — |
| Short | Gate MTL_USDT | 0.3114 | 0.0100 | get 0.0050% / 4h | 3h 54m | $150K | $75K | 25x |
BingX MTL-USDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $13.44
- Price spread: +0.129% → −0.025%
- $15.36
- Slippage, 4 orders
- −$635.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$632.18
- Costs to cover
- 6.610%
- Break-even
- 336.3 days
Slippage from BingX: live order book, 5 min ago; Gate: live order book, 36 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, 5 min ago | 4.82 bp | 25.9 bp −$26 | 143.8 bp −$1,438 | 899.8 bp −$90.0K | 1272.7 bp −$636.3K |
| Sell Gate live order book, 36 min ago | 4.84 bp | 263.5 bp −$263 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDTlong | +0.0036% | 4h | 0.3110 | long leg | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3118 | +0.268% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3118 | +0.257% | $1.7M | $4.8M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3112 | +0.064% | $1.0M | $902K | 25x | as long as short |
| Gate MTL_USDTshort | +0.0100% | 4h | 0.3114 | +0.129% | $150K | $75K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3118 | +0.257% | $263K | $130K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3116 | +0.193% | $656K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3112 | +0.064% | $327K | $148K | 25x | as long as short |
| BloFin MTL-USDT | +0.0104% | 4h | 0.3116 | +0.193% | $108K | $8K | 50x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT