Funding you earn now, next payment 12:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.238%
Price spread now: Bybit against BloFin−0.320%62s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs+$72as 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−$1331.335% of the position
Funding, last 7 days+2.054%+$205 on $10k
+Price spread, last 4 days (all we have)+0.542%+$54 · spread now −0.320%, 7d avg −0.018%
=Funding pays, the price is against you. Bybit is 0.302% cheaper against BloFin than usual: you would sell low and buy high (spread −0.320% now, against its 7-day average of −0.018%). If the spread goes back, that is −$30 on $10k: about 8.6 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+2.054% in total) that is about 25 hours. The two prices were read 62 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 | 0.3123 | −0.0017 | get 0.0009% / 4h | 1h 56m | $107K | $7K | 50x |
| Short | Bybit MTLUSDT | 0.3113 | 0.0100 | get 0.0100% / 8h | 5h 56m | $1.0M | $843K | 25x |
BloFin MTL-USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $24.64
- Price spread: −0.320% → −0.018%
- −$30.17
- Slippage, 4 orders
- −$110.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$139
- Costs to cover
- 1.335%
- Break-even
- 46.5 days
Slippage from BloFin: live order book, 46 min ago; Bybit: 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 BloFin live order book, 46 min ago | 9.60 bp | 21.2 bp −$21 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.21 bp | 42.7 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
MTL on 9 exchanges
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 | −0.0233% | 1h | 0.3118 | −0.161% | $2K | $9K | 5x | as long as short |
| BloFin MTL-USDTlong | −0.0017% | 4h | 0.3123 | long leg | $107K | $7K | 50x | |
| Binance MTLUSDT | +0.0009% | 4h | 0.3118 | −0.160% | $1.7M | $4.6M | 50x | as long as short |
| BingX MTL-USDT | +0.0012% | 4h | 0.3116 | −0.224% | — | $1.3M | — | as long as short |
| MEXC MTL_USDT | +0.0024% | 4h | 0.3116 | −0.224% | $261K | $126K | 50x | as long as short |
| Bybit MTLUSDTshort | +0.0100% | 8h | 0.3113 | −0.320% | $1.0M | $843K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3115 | −0.256% | $149K | $75K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3118 | −0.160% | $656K | $22K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3115 | −0.256% | $326K | $150K | 25x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
BingX MTL-USDT
MEXC MTL_USDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT