Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.034%
Price spread now: KuCoin against BingX+0.258%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,498as in the Price arb table
costs, in and out, $10k−$1,52115.209% of the position
Funding, last 7 days+1.045%+$104 on $10k
+Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.258%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.230% dearer against BingX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3105 | 0.0036 | pay 0.0018% / 4h | 36m 36s | — | $1.3M | — |
| Short | KuCoin MTLUSDTM | 0.3113 | 0.0100 | get 0.0050% / 4h | 36m 36s | $655K | $24K | 30x |
BingX MTL-USDT
KuCoin MTLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.258% → +0.027%
- $23.03
- Slippage, 4 orders
- −$1,498.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,484.4
- Costs to cover
- 15.209%
- Break-even
- 780.1 days
Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 8 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, 9 min ago | 4.81 bp | 24.6 bp −$25 | 133.7 bp −$1,337 | 773.1 bp −$77.3K | 1233.6 bp −$616.8K |
| Sell KuCoin live order book, 8 min ago | 25.60 bp | 600.9 bp −$601 | 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 | 0.3105 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | +0.0096% | 4h | 0.3113 | +0.258% | $108K | $8K | 50x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3109 | +0.134% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3109 | +0.129% | $1.7M | $4.8M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3101 | −0.129% | $1.0M | $904K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3107 | +0.064% | $150K | $80K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3109 | +0.129% | $279K | $129K | 50x | as long as short |
| KuCoin MTLUSDTMshort | +0.0100% | 4h | 0.3113 | +0.258% | $655K | $24K | 30x | |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3104 | −0.032% | $339K | $129K | 25x | as long as short |
BloFin MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
Bitget MTLUSDT