Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin−0.114%81s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.456%+$46 · spread now −0.114%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.147% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3139 | 0.0150 | pay 0.0075% / 4h | 2h 55m | $107K | $8K | 50x |
| Short | Binance MTLUSDT | 0.3135 | 0.0100 | get 0.0050% / 4h | 2h 55m | $1.7M | $4.7M | 50x |
BloFin MTL-USDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$10.48
- Price spread: −0.114% → +0.033%
- −$14.74
- Slippage, 4 orders
- −$77.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$124.93
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; Binance: live order book, 11 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 BloFin live order book, 59 min ago | 3.21 bp | 21.9 bp −$22 | 89.5 bp −$895 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.59 bp | 29.6 bp −$30 | 119.3 bp −$1,193 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDT | +0.0036% | 4h | 0.3134 | −0.159% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3138 | −0.040% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDTshort | +0.0100% | 4h | 0.3135 | −0.114% | $1.7M | $4.7M | 50x | |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3131 | −0.255% | $1.0M | $866K | 25x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3133 | −0.191% | $151K | $74K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3135 | −0.127% | $264K | $129K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3137 | −0.064% | $660K | $22K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3131 | −0.255% | $328K | $147K | 25x | as long as short |
| BloFin MTL-USDTlong | +0.0150% | 4h | 0.3139 | long leg | $107K | $8K | 50x |
BingX MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT