Funding you earn now, next payment 04:00 UTC−0.0592%/8h= −64.8% APRnext payment −$2.96 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against KuCoin−0.349%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,185as in the Price arb table
costs, in and out, $10k−$1,15511.549% of the position
Funding, last 7 days−0.805%−$80 on $10k
+Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.349%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and MEXC is 0.297% cheaper against KuCoin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MTLUSDTM | 0.3156 | 0.0100 | pay 0.0050% / 4h | 36m 12s | $665K | $22K | 30x |
| Short | MEXC MTL_USDT | 0.3145 | −0.0492 | pay 0.0246% / 4h | 36m 12s | $290K | $135K | 50x |
KuCoin MTLUSDTM
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- −$124.32
- Price spread: −0.349% → −0.051%
- −$29.71
- Slippage, 4 orders
- −$1,138.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,308.95
- Costs to cover
- 11.549%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 48 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 KuCoin live order book, 48 min ago | 20.55 bp | 538.6 bp −$539 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.59 bp | 19.5 bp −$20 | 118.4 bp −$1,184 | 178.0 bp −$17.8K | 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 | −0.0530% | 4h | 0.3145 | −0.349% | $113K | $7K | 50x | as long as short |
| BingX MTL-USDT | −0.0512% | 4h | 0.3151 | −0.158% | — | $1.3M | — | as long as short |
| MEXC MTL_USDTshort | −0.0492% | 4h | 0.3145 | −0.349% | $290K | $135K | 50x | |
| Binance MTLUSDT | −0.0484% | 4h | 0.3145 | −0.349% | $1.7M | $4.8M | 50x | as long as short |
| Bitget MTLUSDT | −0.0114% | 4h | 0.3144 | −0.380% | $343K | $116K | 25x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3181 | +0.797% | $2K | $8K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3137 | −0.602% | $1.1M | $965K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3149 | −0.222% | $156K | $65K | 25x | as long as short |
| KuCoin MTLUSDTMlong | +0.0100% | 4h | 0.3156 | long leg | $665K | $22K | 30x |
BloFin MTL-USDT
BingX MTL-USDT
Binance MTLUSDT
Bitget MTLUSDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT