Settings8H · net · $10k
Funding arb · Price arb /

MTL

all MTL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.045%
Price spread now: KuCoin against Aster+0.136%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.136% dearer against Aster than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MTLUSDT0.31180.0100pay 0.0013% / 1h32m 43s$2K$9K5x
ShortKuCoin MTLUSDTM0.31220.0100get 0.0050% / 4h3h 32m$657K$24K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.136% → 0.000%
$13.56
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$6.44
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell KuCoin live order book, 2 min ago22.41 bp478.9 bp −$479doesn't fitdoesn't fitdoesn't fit
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MTL on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MTL-USDT+0.0036%4h0.3115−0.089%$1.3Mas long as short
BloFin MTL-USDT+0.0052%4h0.3114−0.121%$107K$8K50xas long as short
Aster MTLUSDTlong+0.0100%1h0.3118long leg$2K$9K5x
Binance MTLUSDT+0.0100%4h0.3116−0.062%$1.7M$4.8M50xas long as short
Bybit MTLUSDT+0.0100%8h0.3112−0.185%$1.0M$892K25xas long as short
Gate MTL_USDT+0.0100%4h0.3115−0.089%$150K$76K25xas long as short
MEXC MTL_USDT+0.0100%4h0.3116−0.057%$263K$131K50xas long as short
KuCoin MTLUSDTMshort+0.0100%4h0.3122+0.136%$657K$24K30x
Bitget MTLUSDT+0.0100%4h0.3114−0.121%$327K$148K25xas long as short