Funding you earn now, next payment 12:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.96 per $10,000 · paid last 24h +0.031%
Price spread now: KuCoin against BingX+0.161%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,050as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,139as in the Price arb table
costs, in and out, $10k−$1,15211.522% of the position
Funding, last 7 days+1.027%+$103 on $10k
+Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.161%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.127% dearer against BingX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MTL-USDT | 0.3100 | −0.0092 | get 0.0046% / 4h | 1h 07m | — | $1.3M | — |
| Short | KuCoin MTLUSDTM | 0.3105 | 0.0100 | get 0.0050% / 4h | 1h 07m | $652K | $22K | 30x |
BingX MTL-USDT
KuCoin MTLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $40.32
- Price spread: +0.161% → +0.034%
- $12.72
- Slippage, 4 orders
- −$1,130.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,099.14
- Costs to cover
- 11.522%
- Break-even
- 197.8 days
Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 28 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, 2 min ago | 4.84 bp | 24.5 bp −$24 | 119.3 bp −$1,193 | 544.6 bp −$54.5K | 1134.3 bp −$567.2K |
| Sell KuCoin live order book, 28 min ago | 30.66 bp | 432.8 bp −$433 | doesn't fit | doesn't fit | doesn't fit |
MTL on 9 exchanges
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 | −0.0230% | 1h | 0.3101 | +0.032% | $2K | $3K | 5x | as long as short |
| BingX MTL-USDTlong | −0.0092% | 4h | 0.3100 | long leg | — | $1.3M | — | |
| Binance MTLUSDT | −0.0087% | 4h | 0.3103 | +0.097% | $1.6M | $4.6M | 50x | as long as short |
| MEXC MTL_USDT | −0.0086% | 4h | 0.3102 | +0.065% | $259K | $129K | 50x | as long as short |
| BloFin MTL-USDT | −0.0067% | 4h | 0.3104 | +0.129% | $106K | $7K | 50x | as long as short |
| Bitget MTLUSDT | +0.0024% | 4h | 0.3096 | −0.129% | $324K | $151K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3096 | −0.129% | $988K | $869K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3098 | −0.065% | $149K | $76K | 25x | as long as short |
| KuCoin MTLUSDTMshort | +0.0100% | 4h | 0.3105 | +0.161% | $652K | $22K | 30x |
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
Bitget MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT