Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against Gate+0.191%63s7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$797as 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−$6256.249% of the position
Funding, last 7 days−1.716%−$172 on $10k
+Price spread, last 3 days (all we have)−0.388%−$39 · spread now +0.191%, 7d avg −0.015%
=The price spread pays, funding is against you. BloFin is 0.206% dearer against Gate than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of −0.015%): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−1.716% in total) that is about 20 hours. The two prices were read 63 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 | Gate MTL_USDT | 0.3135 | 0.0100 | pay 0.0050% / 4h | 26m 06s | $167K | $36K | 25x |
| Short | BloFin MTL-USDT | 0.3141 | 0.0090 | get 0.0045% / 4h | 26m 06s | $120K | $5K | 50x |
Gate MTL_USDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2
- Price spread: +0.191% → −0.015%
- $20.65
- Slippage, 4 orders
- −$597.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$606.27
- Costs to cover
- 6.249%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; BloFin: live order book, 34 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, 45 min ago | 4.82 bp | 298.2 bp −$298 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 1.60 bp | 24.7 bp −$25 | 90.3 bp −$903 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDT | +0.0036% | 4h | 0.3134 | −0.032% | — | $1.3M | — | as long as short |
| BloFin MTL-USDTshort | +0.0090% | 4h | 0.3141 | +0.191% | $120K | $5K | 50x | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3138 | +0.108% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3134 | −0.032% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3135 | long leg | $167K | $36K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3134 | −0.032% | $279K | $133K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3136 | +0.032% | $665K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3137 | +0.064% | $347K | $94K | 25x | as long as short |
| Bybit MTLUSDT | +0.0930% | 8h | 0.3129 | −0.191% | $1.0M | $713K | 25x | as long as short |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT