Funding you earn now, next payment 04:00 UTC−0.0396%/8h= −43.4% APRnext payment −$1.98 per $10,000 · paid last 24h −0.022%
Price spread now: BingX against Bitget+0.126%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2102.102% of the position
Funding, last 7 days−0.595%−$60 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.126%, 7d avg +0.074%
=The price spread pays, funding is against you. BingX is 0.052% dearer against Bitget than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.074%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3184 | −0.0232 | get 0.0116% / 4h | 2h 24m | $347K | $122K | 25x |
| Short | BingX MTL-USDT | 0.3188 | −0.0628 | pay 0.0314% / 4h | 2h 24m | — | $1.3M | — |
Bitget MTLUSDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$83.16
- Price spread: +0.126% → +0.074%
- $5.21
- Slippage, 4 orders
- −$188.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$288.15
- Costs to cover
- 2.102%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 36 min ago; BingX: live order book, 2 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, 36 min ago | 4.78 bp | 74.7 bp −$75 | 638.5 bp −$6,385 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 4.71 bp | 27.2 bp −$27 | 101.2 bp −$1,012 | 443.3 bp −$44.3K | 1037.9 bp −$519.0K |
MTL on 8 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 | −0.0664% | 4h | 0.3187 | +0.084% | $1.8M | $4.9M | 50x | as long as short |
| MEXC MTL_USDT | −0.0654% | 4h | 0.3187 | +0.094% | $282K | $140K | 50x | as long as short |
| BingX MTL-USDTshort | −0.0628% | 4h | 0.3188 | +0.126% | — | $1.3M | — | |
| Aster MTLUSDT | −0.0413% | 1h | 0.3190 | +0.198% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDTlong | −0.0232% | 4h | 0.3184 | long leg | $347K | $122K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3182 | −0.063% | $1.1M | $976K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3189 | +0.157% | $158K | $65K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3194 | +0.314% | $673K | $25K | 30x | as long as short |
Binance MTLUSDT
MEXC MTL_USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM