Funding you earn now, next payment 04:00 UTC−0.0506%/8h= −55.5% APRnext payment −$2.53 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bitget+0.223%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1361.355% of the position
Funding, last 7 days−0.539%−$54 on $10k
+Price spread, last 4 days (all we have)−0.742%−$74 · spread now +0.223%, 7d avg +0.053%
=The price spread pays, funding is against you. Binance is 0.169% dearer against Bitget than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of +0.053%): +$17 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3145 | −0.0308 | get 0.0154% / 4h | 1h 39m | $343K | $116K | 25x |
| Short | Binance MTLUSDT | 0.3152 | −0.0814 | pay 0.0407% / 4h | 1h 39m | $1.7M | $4.8M | 50x |
Bitget MTLUSDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$106.36
- Price spread: +0.223% → +0.053%
- $16.93
- Slippage, 4 orders
- −$113.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$224.98
- Costs to cover
- 1.355%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 16 min ago; Binance: live order book, 13 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 Bitget live order book, 16 min ago | 3.16 bp | 41.0 bp −$41 | 422.8 bp −$4,228 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.58 bp | 31.7 bp −$32 | 113.5 bp −$1,135 | 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 MTLUSDTshort | −0.0814% | 4h | 0.3152 | +0.223% | $1.7M | $4.8M | 50x | |
| MEXC MTL_USDT | −0.0810% | 4h | 0.3149 | +0.127% | $291K | $138K | 50x | as long as short |
| BingX MTL-USDT | −0.0788% | 4h | 0.3154 | +0.286% | — | $1.4M | — | as long as short |
| BloFin MTL-USDT | −0.0780% | 4h | 0.3154 | +0.286% | $115K | $6K | 50x | as long as short |
| Aster MTLUSDT | −0.0568% | 1h | 0.3153 | +0.241% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTlong | −0.0308% | 4h | 0.3145 | long leg | $343K | $116K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3147 | +0.064% | $1.1M | $962K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3152 | +0.223% | $157K | $65K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3149 | +0.127% | $664K | $24K | 30x | as long as short |
MEXC MTL_USDT
BingX MTL-USDT
BloFin MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM