MTL

Alert

Funding spread now, next payment 20:00 UTC−0.2019%/8h

paid, last 24h−0.177%paid, last 7 days−0.767%to open and close $10k−$128

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.767% in total (about -40.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MTLUSDT	0.3081	0.2055	pay 0.2055% / 8h	5h 15m	$1.0M	$632K	25x
Short	BingX MTL-USDT	0.3084	0.0036	get 0.0018% / 4h	1h 15m	—	$1.3M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersRate

Funding earned: −$423.94
Slippage, 4 orders: −$107.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$552.33
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.097%
Avg gap 7d: −0.264%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 2 min ago	3.25 bp	43.5 bp −$44	774.8 bp −$7,748	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.87 bp	25.9 bp −$26	102.5 bp −$1,025	446.4 bp −$44.6K	doesn't fit

MTL on 9 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX MTL-USDTshort	+0.0036%	4h	—	$1.3M	—
Aster MTLUSDT	+0.0100%	1h	$2K	$8K	5x	as long as short
Binance MTLUSDT	+0.0100%	4h	$1.8M	$3.2M	50x	as long as short
Gate MTL_USDT	+0.0100%	4h	$167K	$34K	25x	as long as short
MEXC MTL_USDT	+0.0100%	4h	$266K	$134K	50x	as long as short
KuCoin MTLUSDTM	+0.0100%	4h	$658K	$23K	30x	as long as short
Bitget MTLUSDT	+0.0100%	4h	$347K	$82K	25x	as long as short
BloFin MTL-USDT	+0.0157%	4h	$123K	$5K	50x	as long as short
Bybit MTLUSDTlong	+0.2055%	8h	$1.0M	$632K	25x