Funding you earn now, next payment 04:00 UTC−0.0406%/8h= −44.5% APRnext payment −$2.03 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against Bitget+0.221%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1871.871% of the position
Funding, last 7 days−0.546%−$55 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.221%, 7d avg +0.043%
=The price spread pays, funding is against you. MEXC is 0.178% dearer against Bitget than usual: you sell high and buy low (spread +0.221% now, against its 7-day average of +0.043%): +$18 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3162 | −0.0276 | get 0.0138% / 4h | 2h 48m | $345K | $122K | 25x |
| Short | MEXC MTL_USDT | 0.3169 | −0.0682 | pay 0.0341% / 4h | 2h 48m | $280K | $139K | 50x |
Bitget MTLUSDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$85.26
- Price spread: +0.221% → +0.043%
- $17.82
- Slippage, 4 orders
- −$171.13
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$254.57
- Costs to cover
- 1.871%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 12 min ago; MEXC: live order book, 2 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, 12 min ago | 4.78 bp | 74.7 bp −$75 | 638.5 bp −$6,385 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 3.15 bp | 16.3 bp −$16 | 119.8 bp −$1,198 | 181.4 bp −$18.1K | 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 | −0.2071% | 1h | 0.3178 | +0.517% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | −0.0690% | 4h | 0.3169 | +0.221% | $1.8M | $4.9M | 50x | as long as short |
| MEXC MTL_USDTshort | −0.0682% | 4h | 0.3169 | +0.221% | $280K | $139K | 50x | |
| BingX MTL-USDT | −0.0646% | 4h | 0.3177 | +0.474% | — | $1.3M | — | as long as short |
| BloFin MTL-USDT | −0.0631% | 4h | 0.3186 | +0.759% | $116K | $6K | 50x | as long as short |
| Bitget MTLUSDTlong | −0.0276% | 4h | 0.3162 | long leg | $345K | $122K | 25x | |
| Gate MTL_USDT | −0.0078% | 4h | 0.3170 | +0.253% | $158K | $63K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3162 | 0.000% | $1.1M | $997K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3181 | +0.601% | $671K | $25K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
BingX MTL-USDT
BloFin MTL-USDT
Gate MTL_USDT
Bybit MTLUSDT
KuCoin MTLUSDTM