Funding arb · Price arb /

MTL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.028%

Price spread now: Aster against BloFin+0.206%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.206% dearer against BloFin than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MTL-USDT	0.3113	0.0068	pay 0.0034% / 4h	1h 31m	$110K	$7K	50x
Short	Aster MTLUSDT	0.3119	0.0100	get 0.0013% / 1h	31m 10s	$2K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee AsterbpOrdersPrice spread, now +0.206%Rate

Funding earned: $6.76
Price spread: +0.206% → 0.000%: $20.57
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $7.33
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BloFin: live order book, 35 min ago; Aster: no order-book sample. Net counts fees only.

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 BloFin live order book, 35 min ago	3.19 bp	27.2 bp −$27	93.5 bp −$935	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BingX MTL-USDT	+0.0036%	4h	0.3118	+0.161%	—	$1.3M	—	as long as short
BloFin MTL-USDTlong	+0.0068%	4h	0.3113	long leg	$110K	$7K	50x
Aster MTLUSDTshort	+0.0100%	1h	0.3119	+0.206%	$2K	$9K	5x
Binance MTLUSDT	+0.0100%	4h	0.3118	+0.145%	$1.7M	$4.8M	50x	as long as short
Bybit MTLUSDT	+0.0100%	8h	0.3110	−0.096%	$1.0M	$903K	25x	as long as short
Gate MTL_USDT	+0.0100%	4h	0.3114	+0.032%	$150K	$79K	25x	as long as short
MEXC MTL_USDT	+0.0100%	4h	0.3118	+0.161%	$279K	$131K	50x	as long as short
KuCoin MTLUSDTM	+0.0100%	4h	0.3116	+0.096%	$655K	$24K	30x	as long as short
Bitget MTLUSDT	+0.0100%	4h	0.3114	+0.032%	$340K	$127K	25x	as long as short