Funding you earn now, next payment 04:00 UTC+0.0479%/8h= +52.5% APRpaid last 24h +0.234%
Price spread now: Bybit against Binance0.000%7-day average +0.247% · you sell dearer than you buy
Net, funding: paid 7d − costs+$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
Funding, last 7 days+2.532%+$253 on $10k
+Price spread, last 7 days+0.921%+$92 · spread now 0.000%, 7d avg +0.247%
=Funding pays, the price is against you. Bybit is 0.247% cheaper against Binance than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.247%). If the spread goes back, that is −$25 on $10k: about 41 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+2.532% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MTLUSDT | 0.3170 | −0.0661 | get 0.0330% / 4h | 3h 08m | $1.8M | $4.7M | 50x |
| Short | Bybit MTLUSDT | 0.3170 | −0.0182 | pay 0.0182% / 8h | 7h 08m | $1.1M | $959K | 25x |
Binance MTLUSDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $100.62
- Price spread: 0.000% → +0.247%
- −$24.69
- Slippage, 4 orders
- −$121.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67
- Costs to cover
- 1.429%
- Break-even
- 11.7 days
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 2 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, 14 min ago | 3.14 bp | 29.5 bp −$30 | 176.9 bp −$1,769 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.15 bp | 35.9 bp −$36 | 361.3 bp −$3,613 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.1923% | 1h | 0.3179 | +0.290% | $2K | $8K | 5x | as long as short |
| BloFin MTL-USDT | −0.0673% | 4h | 0.3169 | −0.032% | $117K | $6K | 50x | as long as short |
| MEXC MTL_USDT | −0.0664% | 4h | 0.3172 | +0.063% | $306K | $141K | 50x | as long as short |
| Binance MTLUSDTlong | −0.0661% | 4h | 0.3170 | long leg | $1.8M | $4.7M | 50x | |
| Gate MTL_USDT | −0.0644% | 4h | 0.3176 | +0.189% | $161K | $59K | 25x | as long as short |
| BingX MTL-USDT | −0.0610% | 4h | 0.3170 | 0.000% | — | $1.3M | — | as long as short |
| Bitget MTLUSDT | −0.0324% | 4h | 0.3165 | −0.158% | $347K | $116K | 25x | as long as short |
| Bybit MTLUSDTshort | −0.0182% | 8h | 0.3170 | 0.000% | $1.1M | $959K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3177 | +0.221% | $671K | $27K | 30x | as long as short |
Aster MTLUSDT
BloFin MTL-USDT
MEXC MTL_USDT
Gate MTL_USDT
BingX MTL-USDT
Bitget MTLUSDT
KuCoin MTLUSDTM