Funding you earn now, next payment 04:00 UTC−0.0404%/8h= −44.2% APRnext payment −$2.02 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.159%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$759as in the Funding arb table
Net, price: spread back to 7d avg − costs−$652as in the Price arb table
costs, in and out, $10k−$6406.405% of the position
Funding, last 7 days−1.188%−$119 on $10k
+Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.159%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.112% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3153 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $157K | $65K | 25x |
| Short | Bitget MTLUSDT | 0.3148 | −0.0304 | pay 0.0152% / 4h | 1h 38m | $344K | $116K | 25x |
Gate MTL_USDT
Bitget MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$84.84
- Price spread: −0.159% → −0.046%
- −$11.21
- Slippage, 4 orders
- −$613.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$736.5
- Costs to cover
- 6.405%
- Break-even
- never at this rate
Slippage from Gate: live order book, 17 min ago; Bitget: live order book, 17 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 Gate live order book, 17 min ago | 3.16 bp | 265.1 bp −$265 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MTLUSDT | −0.0814% | 4h | 0.3155 | +0.079% | $1.7M | $4.8M | 50x | as long as short |
| MEXC MTL_USDT | −0.0814% | 4h | 0.3162 | +0.285% | $293K | $138K | 50x | as long as short |
| BingX MTL-USDT | −0.0788% | 4h | 0.3154 | +0.032% | — | $1.3M | — | as long as short |
| BloFin MTL-USDT | −0.0780% | 4h | 0.3154 | +0.032% | $115K | $6K | 50x | as long as short |
| Aster MTLUSDT | −0.0568% | 1h | 0.3159 | +0.200% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTshort | −0.0304% | 4h | 0.3148 | −0.159% | $344K | $116K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3147 | −0.190% | $1.1M | $962K | 25x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3153 | long leg | $157K | $65K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3155 | +0.063% | $665K | $24K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
BingX MTL-USDT
BloFin MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM