Funding you earn now, next payment 04:00 UTC+0.0888%/8h= +97.2% APRnext payment +$4.44 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against BingX−0.032%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$458as in the Funding arb table
Net, price: spread back to 7d avg − costs−$627as in the Price arb table
costs, in and out, $10k−$6276.266% of the position
Funding, last 7 days+1.691%+$169 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.032%, 7d avg −0.027%
=The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3149 | −0.0788 | get 0.0394% / 4h | 1h 37m | — | $1.3M | — |
| Short | Gate MTL_USDT | 0.3148 | 0.0100 | get 0.0050% / 4h | 1h 37m | $156K | $65K | 25x |
BingX MTL-USDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $186.48
- Price spread: −0.032% → −0.027%
- −$0.46
- Slippage, 4 orders
- −$601.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$440.57
- Costs to cover
- 6.266%
- Break-even
- 23.5 days
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 18 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, 8 min ago | 4.75 bp | 31.4 bp −$31 | 164.0 bp −$1,640 | 811.3 bp −$81.1K | 1227.6 bp −$613.8K |
| Sell Gate live order book, 18 min ago | 3.16 bp | 300.3 bp −$300 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MTLUSDT | −0.0814% | 4h | 0.3152 | +0.095% | $1.7M | $4.8M | 50x | as long as short |
| MEXC MTL_USDT | −0.0814% | 4h | 0.3149 | 0.000% | $291K | $138K | 50x | as long as short |
| BingX MTL-USDTlong | −0.0788% | 4h | 0.3149 | long leg | — | $1.3M | — | |
| BloFin MTL-USDT | −0.0780% | 4h | 0.3154 | +0.159% | $115K | $6K | 50x | as long as short |
| Aster MTLUSDT | −0.0568% | 1h | 0.3152 | +0.086% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDT | −0.0304% | 4h | 0.3146 | −0.095% | $343K | $116K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3143 | −0.191% | $1.1M | $962K | 25x | as long as short |
| Gate MTL_USDTshort | +0.0100% | 4h | 0.3148 | −0.032% | $156K | $65K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3148 | −0.032% | $664K | $24K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
Aster MTLUSDT
Bitget MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM