Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance−0.285%91s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as 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−$1021.015% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.285%, 7d avg −0.033%
=Funding pays, the price is against you. BloFin is 0.252% cheaper against Binance than usual: you would sell low and buy high (spread −0.285% now, against its 7-day average of −0.033%). If the spread goes back, that is −$25 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.007% in total) that is about 8 months. The two prices were read 91 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 | Binance MTLUSDT | 0.3118 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $1.7M | $4.8M | 50x |
| Short | BloFin MTL-USDT | 0.3109 | 0.0148 | get 0.0074% / 4h | 2h 31m | $111K | $7K | 50x |
Binance MTLUSDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $10.14
- Price spread: −0.285% → −0.033%
- −$25.18
- Slippage, 4 orders
- −$79.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$116.55
- Costs to cover
- 1.015%
- Break-even
- 87.5 days
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 40 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, 6 min ago | 1.60 bp | 30.5 bp −$30 | 207.6 bp −$2,076 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 1.59 bp | 26.5 bp −$27 | 82.4 bp −$824 | 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 | +0.0036% | 4h | 0.3115 | −0.092% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3118 | +0.007% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDTlong | +0.0100% | 4h | 0.3118 | long leg | $1.7M | $4.8M | 50x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3110 | −0.252% | $1.0M | $929K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3115 | −0.092% | $151K | $78K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3117 | −0.028% | $264K | $129K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3121 | +0.100% | $658K | $23K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3119 | +0.036% | $341K | $128K | 25x | as long as short |
| BloFin MTL-USDTshort | +0.0148% | 4h | 0.3109 | −0.285% | $111K | $7K | 50x |
BingX MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT