Funding you earn now, next payment 04:00 UTC−0.1208%/8h= −132.3% APRpaid last 24h +0.234%
Price spread now: Bybit against MEXC−0.253%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs+$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1331.334% of the position
Funding, last 7 days+2.535%+$254 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.253%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Bybit is 0.234% cheaper against MEXC than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.535%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MTL_USDT | 0.3163 | −0.0494 | get 0.0247% / 4h | 3h 29m | $305K | $139K | 50x |
| Short | Bybit MTLUSDT | 0.3155 | −0.1702 | pay 0.1702% / 8h | 7h 29m | $1.1M | $944K | 25x |
MEXC MTL_USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$253.67
- Price spread: −0.253% → −0.019%
- −$23.42
- Slippage, 4 orders
- −$118.43
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$410.52
- Costs to cover
- 1.334%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 25 min ago; Bybit: live order book, 1 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, 25 min ago | 3.15 bp | 19.6 bp −$20 | 126.3 bp −$1,263 | 174.3 bp −$17.4K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.17 bp | 51.3 bp −$51 | 336.1 bp −$3,361 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MTL_USDT | −0.2798% | 4h | 0.3163 | 0.000% | $161K | $57K | 25x | as long as short |
| BingX MTL-USDT | −0.1726% | 4h | 0.3162 | −0.032% | — | $1.3M | — | as long as short |
| Bybit MTLUSDTshort | −0.1702% | 8h | 0.3155 | −0.253% | $1.1M | $944K | 25x | |
| Aster MTLUSDT | −0.1416% | 1h | 0.3193 | +0.948% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | −0.0495% | 4h | 0.3163 | 0.000% | $1.8M | $4.6M | 50x | as long as short |
| MEXC MTL_USDTlong | −0.0494% | 4h | 0.3163 | long leg | $305K | $139K | 50x | |
| BloFin MTL-USDT | −0.0438% | 4h | 0.3168 | +0.158% | $119K | $6K | 50x | as long as short |
| Bitget MTLUSDT | −0.0284% | 4h | 0.3162 | −0.032% | $346K | $121K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0090% | 4h | 0.3166 | +0.095% | $669K | $27K | 30x | as long as short |
Gate MTL_USDT
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
BloFin MTL-USDT
Bitget MTLUSDT
KuCoin MTLUSDTM