Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against MEXC−0.095%109s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as 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−$880.878% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.095%, 7d avg −0.016%
=Funding pays, the price is against you. BloFin is 0.079% cheaper against MEXC than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.016%). If the spread goes back, that is −$8 on $10k: about 21 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.004% in total) that is about 5 months. The two prices were read 109 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 | MEXC MTL_USDT | 0.3152 | −0.0510 | get 0.0255% / 4h | 39m 20s | $291K | $135K | 50x |
| Short | BloFin MTL-USDT | 0.3149 | −0.0497 | pay 0.0249% / 4h | 39m 20s | $114K | $7K | 50x |
MEXC MTL_USDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $2.68
- Price spread: −0.095% → −0.016%
- −$7.9
- Slippage, 4 orders
- −$71.8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.02
- Costs to cover
- 0.878%
- Break-even
- 250.1 days
Slippage from MEXC: live order book, 66 min ago; BloFin: live order book, 52 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 MEXC live order book, 66 min ago | 1.58 bp | 17.5 bp −$18 | 125.0 bp −$1,250 | 181.2 bp −$18.1K | doesn't fit |
| Sell BloFin live order book, 52 min ago | 3.16 bp | 31.4 bp −$31 | 93.4 bp −$934 | 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 | −0.0512% | 4h | 0.3156 | +0.127% | — | $1.3M | — | as long as short |
| MEXC MTL_USDTlong | −0.0510% | 4h | 0.3152 | long leg | $291K | $135K | 50x | |
| Binance MTLUSDT | −0.0498% | 4h | 0.3152 | −0.009% | $1.7M | $4.8M | 50x | as long as short |
| BloFin MTL-USDTshort | −0.0497% | 4h | 0.3149 | −0.095% | $114K | $7K | 50x | |
| Bitget MTLUSDT | −0.0118% | 4h | 0.3148 | −0.127% | $344K | $116K | 25x | as long as short |
| Aster MTLUSDT | +0.0085% | 1h | 0.3151 | −0.035% | $2K | $8K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3142 | −0.317% | $1.1M | $963K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3153 | +0.032% | $156K | $65K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3156 | +0.127% | $665K | $22K | 30x | as long as short |
BingX MTL-USDT
Binance MTLUSDT
Bitget MTLUSDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM