Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.015%
Price spread now: BingX against BloFin−0.126%51s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as 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−$1131.130% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.502%+$50 · spread now −0.126%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.166% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 51 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 | 0.3169 | −0.0630 | get 0.0315% / 4h | 1h 08m | $82K | $7K | 50x |
| Short | BingX MTL-USDT | 0.3165 | −0.0652 | pay 0.0326% / 4h | 1h 08m | — | $1.3M | — |
BloFin MTL-USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$4.69
- Price spread: −0.126% → +0.040%
- −$16.62
- Slippage, 4 orders
- −$91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$134.31
- Costs to cover
- 1.130%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 23 min ago; BingX: live order book, 3 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, 23 min ago | 3.16 bp | 21.3 bp −$21 | 112.5 bp −$1,125 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.72 bp | 33.2 bp −$33 | 110.1 bp −$1,101 | 504.5 bp −$50.4K | 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-USDTshort | −0.0652% | 4h | 0.3165 | −0.126% | — | $1.3M | — | |
| Binance MTLUSDT | −0.0649% | 4h | 0.3167 | −0.063% | $1.7M | $4.8M | 50x | as long as short |
| MEXC MTL_USDT | −0.0648% | 4h | 0.3167 | −0.063% | $293K | $140K | 50x | as long as short |
| BloFin MTL-USDTlong | −0.0630% | 4h | 0.3169 | long leg | $82K | $7K | 50x | |
| Aster MTLUSDT | −0.0304% | 1h | 0.3168 | −0.030% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDT | −0.0174% | 4h | 0.3171 | +0.063% | $346K | $115K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3160 | −0.284% | $1.1M | $959K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3169 | 0.000% | $157K | $66K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3169 | 0.000% | $668K | $23K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
Aster MTLUSDT
Bitget MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM