Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against Bitget−0.032%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1281.281% of the position
Funding, last 7 days−0.468%−$47 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.032%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.058% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3090 | −0.0036 | get 0.0018% / 4h | 50m 34s | $323K | $149K | 25x |
| Short | BloFin MTL-USDT | 0.3089 | −0.0136 | pay 0.0068% / 4h | 50m 34s | $106K | $7K | 50x |
Bitget MTLUSDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$21.02
- Price spread: −0.032% → +0.025%
- −$5.78
- Slippage, 4 orders
- −$104.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$154.93
- Costs to cover
- 1.281%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 48 min ago; BloFin: live order book, 39 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, 48 min ago | 3.23 bp | 55.4 bp −$55 | 358.2 bp −$3,582 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 3.24 bp | 23.6 bp −$24 | 66.8 bp −$668 | 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 | −0.0294% | 1h | 0.3093 | +0.092% | $2K | $3K | 5x | as long as short |
| Binance MTLUSDT | −0.0188% | 4h | 0.3090 | 0.000% | $1.6M | $4.6M | 50x | as long as short |
| MEXC MTL_USDT | −0.0182% | 4h | 0.3088 | −0.065% | $255K | $124K | 50x | as long as short |
| BloFin MTL-USDTshort | −0.0136% | 4h | 0.3089 | −0.032% | $106K | $7K | 50x | |
| BingX MTL-USDT | −0.0110% | 4h | 0.3083 | −0.227% | — | $1.3M | — | as long as short |
| Bitget MTLUSDTlong | −0.0036% | 4h | 0.3090 | long leg | $323K | $149K | 25x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3082 | −0.259% | $982K | $863K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3085 | −0.162% | $148K | $73K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3096 | +0.194% | $650K | $22K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
BingX MTL-USDT
Bybit MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM