Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Binance−0.008%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$850.854% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.008%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MTLUSDT | 0.3133 | 0.0097 | pay 0.0049% / 4h | 3h 26m | $1.7M | $4.8M | 50x |
| Short | MEXC MTL_USDT | 0.3133 | 0.0088 | get 0.0044% / 4h | 3h 26m | $280K | $127K | 50x |
Binance MTLUSDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$1.95
- Price spread: −0.008% → −0.009%
- $0.12
- Slippage, 4 orders
- −$71.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$87.26
- Costs to cover
- 0.854%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; MEXC: live order book, 9 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, 11 min ago | 3.19 bp | 30.0 bp −$30 | 219.8 bp −$2,198 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 1.60 bp | 13.7 bp −$14 | 88.8 bp −$888 | 174.3 bp −$17.4K | 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 | +0.0008% | 4h | 0.3134 | +0.024% | — | $1.3M | — | as long as short |
| MEXC MTL_USDTshort | +0.0088% | 4h | 0.3133 | −0.008% | $280K | $127K | 50x | |
| Binance MTLUSDTlong | +0.0097% | 4h | 0.3133 | long leg | $1.7M | $4.8M | 50x | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3161 | +0.875% | $2K | $9K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3127 | −0.200% | $1.0M | $946K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3134 | +0.024% | $152K | $77K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3136 | +0.088% | $661K | $23K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3133 | −0.008% | $347K | $123K | 25x | as long as short |
| BloFin MTL-USDT | +0.0116% | 4h | 0.3135 | +0.056% | $111K | $7K | 50x | as long as short |
BingX MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT