Funding you earn now, next payment 20:00 UTC−0.0039%/8hnext payment −$0.20 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against BloFin−0.121%111s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.121%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.151% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.031%). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3104 | 0.0139 | pay 0.0070% / 4h | 5m 25s | $124K | $5K | 50x |
| Short | Binance MTLUSDT | 0.3100 | 0.0100 | get 0.0050% / 4h | 5m 25s | $1.8M | $3.4M | 50x |
BloFin MTL-USDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$8.22
- Price spread: −0.121% → +0.031%
- −$15.14
- Slippage, 4 orders
- −$90.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$135.43
- Costs to cover
- 1.121%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 19 min ago; Binance: live order book, 5 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 BloFin live order book, 19 min ago | 6.45 bp | 23.7 bp −$24 | 103.2 bp −$1,032 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.22 bp | 29.1 bp −$29 | 121.0 bp −$1,210 | 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-USDT | +0.0036% | 4h | 0.3100 | −0.129% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3104 | +0.005% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDTshort | +0.0100% | 4h | 0.3100 | −0.121% | $1.8M | $3.4M | 50x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3104 | 0.000% | $167K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3103 | −0.032% | $267K | $134K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3102 | −0.064% | $658K | $26K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3095 | −0.290% | $344K | $94K | 25x | as long as short |
| BloFin MTL-USDTlong | +0.0139% | 4h | 0.3104 | long leg | $124K | $5K | 50x | |
| Bybit MTLUSDT | +0.1907% | 8h | 0.3087 | −0.548% | $1.0M | $679K | 25x | as long as short |
BingX MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT