Funding you earn now, next payment 08:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.015%
Price spread now: MEXC against BingX+0.288%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$850.847% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)−0.368%−$37 · spread now +0.288%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.316% dearer against BingX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3122 | 0.0008 | pay 0.0004% / 4h | 3h 23m | — | $1.3M | — |
| Short | MEXC MTL_USDT | 0.3131 | 0.0100 | get 0.0050% / 4h | 3h 23m | $280K | $127K | 50x |
BingX MTL-USDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $19.32
- Price spread: +0.288% → −0.028%
- $31.6
- Slippage, 4 orders
- −$70.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$33.73
- Costs to cover
- 0.847%
- Break-even
- 19.2 days
Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 11 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, 8 min ago | 4.78 bp | 30.6 bp −$31 | 141.0 bp −$1,410 | 835.6 bp −$83.6K | 1261.8 bp −$630.9K |
| Sell MEXC live order book, 11 min ago | 1.60 bp | 13.7 bp −$14 | 88.8 bp −$888 | 174.3 bp −$17.4K | 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 | +0.0008% | 4h | 0.3122 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | +0.0047% | 4h | 0.3132 | +0.320% | $111K | $7K | 50x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3152 | +0.962% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3130 | +0.256% | $1.7M | $4.8M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3123 | +0.032% | $1.0M | $944K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3130 | +0.256% | $152K | $77K | 25x | as long as short |
| MEXC MTL_USDTshort | +0.0100% | 4h | 0.3131 | +0.288% | $280K | $127K | 50x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3130 | +0.256% | $660K | $23K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3131 | +0.288% | $347K | $123K | 25x | as long as short |
BloFin MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT