Funding you earn now, next payment 04:00 UTC−0.0598%/8h= −65.5% APRnext payment −$2.99 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.031%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4854.849% of the position
Funding, last 7 days+1.173%+$117 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.031%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.077% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.173%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MTLUSDT | 0.3185 | −0.0310 | get 0.0155% / 4h | 3h 14m | $349K | $114K | 25x |
| Short | Gate MTL_USDT | 0.3184 | −0.0908 | pay 0.0454% / 4h | 3h 14m | $161K | $59K | 25x |
Bitget MTLUSDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$125.58
- Price spread: −0.031% → +0.045%
- −$7.67
- Slippage, 4 orders
- −$457.91
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$618.16
- Costs to cover
- 4.849%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 51 min ago; Gate: live order book, 52 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, 51 min ago | 3.19 bp | 37.8 bp −$38 | 428.1 bp −$4,281 | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 3.20 bp | 210.8 bp −$211 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.1740% | 1h | 0.3193 | +0.251% | $2K | $8K | 5x | as long as short |
| Gate MTL_USDTshort | −0.0908% | 4h | 0.3184 | −0.031% | $161K | $59K | 25x | |
| Binance MTLUSDT | −0.0643% | 4h | 0.3183 | −0.061% | $1.8M | $4.7M | 50x | as long as short |
| MEXC MTL_USDT | −0.0638% | 4h | 0.3184 | −0.031% | $307K | $140K | 50x | as long as short |
| BloFin MTL-USDT | −0.0621% | 4h | 0.3184 | −0.031% | $117K | $6K | 50x | as long as short |
| BingX MTL-USDT | −0.0594% | 4h | 0.3187 | +0.063% | — | $1.3M | — | as long as short |
| Bybit MTLUSDT | −0.0374% | 8h | 0.3177 | −0.251% | $1.1M | $957K | 25x | as long as short |
| Bitget MTLUSDTlong | −0.0310% | 4h | 0.3185 | long leg | $349K | $114K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3188 | +0.094% | $673K | $27K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
BingX MTL-USDT
Bybit MTLUSDT
KuCoin MTLUSDTM