Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.016%
Price spread now: BingX against Binance−0.035%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1321.320% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.035%, 7d avg +0.059%
=Funding pays, the price is against you. BingX is 0.094% cheaper against Binance than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.059%). If the spread goes back, that is −$9 on $10k: about 5.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MTLUSDT | 0.3170 | −0.0664 | get 0.0332% / 4h | 3h 06m | $1.8M | $4.7M | 50x |
| Short | BingX MTL-USDT | 0.3169 | −0.0610 | pay 0.0305% / 4h | 3h 06m | — | $1.3M | — |
Binance MTLUSDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $11.37
- Price spread: −0.035% → +0.059%
- −$9.44
- Slippage, 4 orders
- −$111.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$130.03
- Costs to cover
- 1.320%
- Break-even
- 87.0 days
Slippage from Binance: live order book, 16 min ago; BingX: live order book, 10 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 Binance live order book, 16 min ago | 3.14 bp | 29.5 bp −$30 | 176.9 bp −$1,769 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.28 bp | 32.2 bp −$32 | 123.7 bp −$1,237 | 472.7 bp −$47.3K | 1246.5 bp −$623.2K |
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 | −0.1959% | 1h | 0.3178 | +0.259% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDTlong | −0.0664% | 4h | 0.3170 | long leg | $1.8M | $4.7M | 50x | |
| MEXC MTL_USDT | −0.0664% | 4h | 0.3170 | −0.004% | $306K | $141K | 50x | as long as short |
| BloFin MTL-USDT | −0.0660% | 4h | 0.3177 | +0.217% | $118K | $6K | 50x | as long as short |
| BingX MTL-USDTshort | −0.0610% | 4h | 0.3169 | −0.035% | — | $1.3M | — | |
| Gate MTL_USDT | −0.0518% | 4h | 0.3172 | +0.060% | $161K | $59K | 25x | as long as short |
| Bitget MTLUSDT | −0.0324% | 4h | 0.3166 | −0.130% | $347K | $116K | 25x | as long as short |
| Bybit MTLUSDT | −0.0132% | 8h | 0.3167 | −0.098% | $1.1M | $957K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3173 | +0.091% | $670K | $27K | 30x | as long as short |
Aster MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
Gate MTL_USDT
Bitget MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM