Funding you earn now, next payment 04:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.230%
Price spread now: Bitget against Bybit+0.413%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$393as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1721.716% of the position
Funding, last 7 days−2.215%−$221 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now +0.413%, 7d avg −0.022%
=The price spread pays, funding is against you. Bitget is 0.434% dearer against Bybit than usual: you sell high and buy low (spread +0.413% now, against its 7-day average of −0.022%): +$43 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−2.215% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MTLUSDT | 0.3151 | 0.0100 | pay 0.0100% / 8h | 5h 32m | $1.1M | $960K | 25x |
| Short | Bitget MTLUSDT | 0.3164 | −0.0278 | pay 0.0139% / 4h | 1h 32m | $345K | $115K | 25x |
Bybit MTLUSDT
Bitget MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$79.38
- Price spread: +0.413% → −0.022%
- $43.43
- Slippage, 4 orders
- −$148.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$207.54
- Costs to cover
- 1.716%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 23 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 Bybit live order book, 3 min ago | 1.59 bp | 49.1 bp −$49 | 1111.9 bp −$11.1K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 23 min ago | 3.16 bp | 34.0 bp −$34 | 319.6 bp −$3,196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MTL-USDT | −0.0838% | 4h | 0.3155 | +0.127% | $115K | $7K | 50x | as long as short |
| MEXC MTL_USDT | −0.0802% | 4h | 0.3167 | +0.508% | $293K | $138K | 50x | as long as short |
| Binance MTLUSDT | −0.0798% | 4h | 0.3163 | +0.381% | $1.7M | $4.8M | 50x | as long as short |
| BingX MTL-USDT | −0.0774% | 4h | 0.3165 | +0.444% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | −0.0642% | 1h | 0.3161 | +0.324% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTshort | −0.0278% | 4h | 0.3164 | +0.413% | $345K | $115K | 25x | |
| Bybit MTLUSDTlong | +0.0100% | 8h | 0.3151 | long leg | $1.1M | $960K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3157 | +0.190% | $157K | $65K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3159 | +0.254% | $666K | $23K | 30x | as long as short |
BloFin MTL-USDT
MEXC MTL_USDT
Binance MTLUSDT
BingX MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM