Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.032%
Price spread now: BingX against Bitget−0.032%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1531.530% of the position
Funding, last 7 days−0.644%−$64 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.032%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.103% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3119 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $341K | $128K | 25x |
| Short | BingX MTL-USDT | 0.3118 | 0.0036 | get 0.0018% / 4h | 2h 15m | — | $1.3M | — |
Bitget MTLUSDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: −0.032% → +0.071%
- −$10.26
- Slippage, 4 orders
- −$131.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$176.72
- Costs to cover
- 1.530%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 25 min ago; BingX: live order book, 1 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 Bitget live order book, 25 min ago | 3.21 bp | 62.0 bp −$62 | 445.1 bp −$4,451 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.81 bp | 28.7 bp −$29 | 95.7 bp −$957 | 589.7 bp −$59.0K | 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-USDTshort | +0.0036% | 4h | 0.3118 | −0.032% | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3122 | +0.087% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3121 | +0.059% | $1.7M | $4.8M | 50x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3113 | −0.192% | $1.0M | $917K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3121 | +0.064% | $151K | $78K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3122 | +0.096% | $264K | $130K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3121 | +0.064% | $656K | $24K | 30x | as long as short |
| Bitget MTLUSDTlong | +0.0100% | 4h | 0.3119 | long leg | $341K | $128K | 25x | |
| BloFin MTL-USDT | +0.0154% | 4h | 0.3119 | 0.000% | $110K | $7K | 50x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
BloFin MTL-USDT