Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.015%
Price spread now: Binance against BingX+0.183%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days−0.156%−$16 · spread now +0.183%, 7d avg −0.060%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.243% dearer against BingX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, 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 | BingX MTL-USDT | 0.3094 | 0.0036 | pay 0.0018% / 4h | 1h 30m | — | $1.3M | — |
| Short | Binance MTLUSDT | 0.3100 | 0.0100 | get 0.0050% / 4h | 1h 30m | $1.8M | $3.5M | 50x |
BingX MTL-USDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $13.44
- Price spread: +0.183% → −0.060%
- $24.26
- Slippage, 4 orders
- −$96.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.75
- Costs to cover
- 1.164%
- Break-even
- 48.0 days
Slippage from BingX: live order book, 1 min ago; Binance: live order book, 6 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 BingX live order book, 1 min ago | 4.85 bp | 29.3 bp −$29 | 160.6 bp −$1,606 | 743.4 bp −$74.3K | 1195.5 bp −$597.8K |
| Sell Binance live order book, 6 min ago | 1.61 bp | 34.1 bp −$34 | 123.5 bp −$1,235 | 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-USDTlong | +0.0036% | 4h | 0.3094 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | +0.0091% | 4h | 0.3094 | 0.000% | $118K | $5K | 50x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3099 | +0.177% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDTshort | +0.0100% | 4h | 0.3100 | +0.183% | $1.8M | $3.5M | 50x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3095 | +0.032% | $166K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3099 | +0.162% | $267K | $133K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3098 | +0.129% | $657K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3097 | +0.097% | $349K | $95K | 25x | as long as short |
| Bybit MTLUSDT | +0.1074% | 8h | 0.3087 | −0.226% | $1.0M | $689K | 25x | as long as short |
BloFin MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT