Funding you earn now, next payment 00:00 UTC+0.0973%/8h= +106.6% APRpaid last 24h +0.177%
Price spread now: Bybit against BingX+0.160%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs+$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1381.380% of the position
Funding, last 7 days+2.273%+$227 on $10k
+Price spread, last 7 days+1.068%+$107 · spread now +0.160%, 7d avg +0.201%
=Funding pays, the price is against you. Bybit is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread +0.160% now, against its 7-day average of +0.201%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$29 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3127 | 0.0036 | pay 0.0018% / 4h | 50m 38s | — | $1.3M | — |
| Short | Bybit MTLUSDT | 0.3132 | 0.1009 | get 0.1009% / 8h | 50m 38s | $1.0M | $716K | 25x |
BingX MTL-USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $204.38
- Price spread: +0.160% → +0.201%
- −$4.06
- Slippage, 4 orders
- −$117.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $62.31
- Costs to cover
- 1.380%
- Break-even
- 4.9 days
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago | 4.78 bp | 25.8 bp −$26 | 128.4 bp −$1,284 | 641.4 bp −$64.1K | 1028.5 bp −$514.2K |
| Sell Bybit live order book, 5 min ago | 3.19 bp | 38.3 bp −$38 | 148.9 bp −$1,489 | 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 | 0.3127 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | +0.0076% | 4h | 0.3137 | +0.320% | $119K | $5K | 50x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3140 | +0.431% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3139 | +0.384% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3137 | +0.320% | $167K | $35K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3138 | +0.352% | $271K | $131K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3140 | +0.416% | $666K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3137 | +0.320% | $350K | $96K | 25x | as long as short |
| Bybit MTLUSDTshort | +0.1009% | 8h | 0.3132 | +0.160% | $1.0M | $716K | 25x |
BloFin MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT