Funding you earn now, next payment 04:00 UTC−0.0654%/8h= −71.6% APRnext payment −$3.27 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against Gate+0.158%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$787as in the Funding arb table
Net, price: spread back to 7d avg − costs−$599as in the Price arb table
costs, in and out, $10k−$6156.154% of the position
Funding, last 7 days−1.718%−$172 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.158%, 7d avg −0.002%
=The price spread pays, funding is against you. MEXC is 0.160% dearer against Gate than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of −0.002%): +$16 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3163 | −0.0046 | get 0.0023% / 4h | 2h 45m | $157K | $63K | 25x |
| Short | MEXC MTL_USDT | 0.3168 | −0.0700 | pay 0.0350% / 4h | 2h 45m | $280K | $139K | 50x |
Gate MTL_USDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$137.34
- Price spread: +0.158% → −0.002%
- $16.05
- Slippage, 4 orders
- −$596.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$736.65
- Costs to cover
- 6.154%
- Break-even
- never at this rate
Slippage from Gate: live order book, 15 min ago; MEXC: live order book, 4 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, 15 min ago | 3.18 bp | 299.0 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 3.15 bp | 16.3 bp −$16 | 119.8 bp −$1,198 | 181.4 bp −$18.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.2070% | 1h | 0.3167 | +0.114% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | −0.0710% | 4h | 0.3168 | +0.163% | $1.8M | $4.9M | 50x | as long as short |
| MEXC MTL_USDTshort | −0.0700% | 4h | 0.3168 | +0.158% | $280K | $139K | 50x | |
| BingX MTL-USDT | −0.0649% | 4h | 0.3166 | +0.095% | — | $1.3M | — | as long as short |
| BloFin MTL-USDT | −0.0631% | 4h | 0.3186 | +0.727% | $116K | $6K | 50x | as long as short |
| Bitget MTLUSDT | −0.0270% | 4h | 0.3162 | −0.032% | $345K | $122K | 25x | as long as short |
| Gate MTL_USDTlong | −0.0046% | 4h | 0.3163 | long leg | $157K | $63K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3160 | −0.095% | $1.1M | $997K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3173 | +0.316% | $669K | $25K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
BingX MTL-USDT
BloFin MTL-USDT
Bitget MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM