Settings8H · net · $10k
Funding arb · Price arb /

MTL

all MTL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: KuCoin against Bitget+0.097%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,509as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,542as in the Price arb table
costs, in and out, $10k−$1,54315.428% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.342%+$34 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.097%, 7d avg +0.093%
Together, before fees+0.308%+$31 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MTLUSDT0.31020.0100pay 0.0050% / 4h19m 38s$338K$129K25x
ShortKuCoin MTLUSDTM0.31050.0100get 0.0050% / 4h19m 38s$653K$23K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.097% → +0.093%
$0.4
Slippage, 4 orders
−$1,518.85
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,542.45
Costs to cover
15.428%
Break-even
never at this rate
Slippage from Bitget: live order book, 11 min ago; KuCoin: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 11 min ago3.23 bp36.2 bp −$36379.9 bp −$3,799doesn't fitdoesn't fit
Sell KuCoin live order book, 25 min ago25.60 bp600.9 bp −$601doesn't fitdoesn't fitdoesn't fit

MTL on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MTL-USDT+0.0036%4h0.3106+0.129%$1.3Mas long as short
Aster MTLUSDT+0.0100%1h0.3110+0.246%$2K$9K5xas long as short
Binance MTLUSDT+0.0100%4h0.3105+0.097%$1.7M$4.8M50xas long as short
Bybit MTLUSDT+0.0100%8h0.3097−0.161%$1.0M$902K25xas long as short
Gate MTL_USDT+0.0100%4h0.31020.000%$150K$80K25xas long as short
MEXC MTL_USDT+0.0100%4h0.3106+0.129%$262K$132K50xas long as short
KuCoin MTLUSDTMshort+0.0100%4h0.3105+0.097%$653K$23K30x
Bitget MTLUSDTlong+0.0100%4h0.3102long leg$338K$129K25x
BloFin MTL-USDT+0.0157%4h0.3099−0.097%$109K$8K50xas long as short