Funding you earn now, next payment 04:00 UTC−0.1422%/8h= −155.7% APRnext payment −$7.11 per $10,000 · paid last 24h −0.015%
Price spread now: BingX against BloFin−0.690%111s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as 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−$1321.324% of the position
Funding, last 7 days−0.145%−$15 on $10k
+Price spread, last 3 days (all we have)+0.834%+$83 · spread now −0.690%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and BingX is 0.728% cheaper against BloFin than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of +0.038%). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MTL-USDT | 0.3188 | −0.0304 | get 0.0152% / 4h | 3h 31m | $118K | $6K | 50x |
| Short | BingX MTL-USDT | 0.3166 | −0.1726 | pay 0.0863% / 4h | 3h 31m | — | $1.3M | — |
BloFin MTL-USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$298.57
- Price spread: −0.690% → +0.038%
- −$72.77
- Slippage, 4 orders
- −$110.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$503.76
- Costs to cover
- 1.324%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 24 min ago; BingX: live order book, 10 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, 24 min ago | 4.66 bp | 23.9 bp −$24 | 138.9 bp −$1,389 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.25 bp | 28.4 bp −$28 | 143.6 bp −$1,436 | 445.7 bp −$44.6K | 1069.2 bp −$534.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MTL_USDT | −0.2986% | 4h | 0.3171 | −0.533% | $163K | $56K | 25x | as long as short |
| Bybit MTLUSDT | −0.1859% | 8h | 0.3160 | −0.878% | $1.1M | $935K | 25x | as long as short |
| BingX MTL-USDTshort | −0.1726% | 4h | 0.3166 | −0.690% | — | $1.3M | — | |
| Aster MTLUSDT | −0.1234% | 1h | 0.3193 | +0.157% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | −0.0495% | 4h | 0.3169 | −0.596% | $1.8M | $4.5M | 50x | as long as short |
| MEXC MTL_USDT | −0.0380% | 4h | 0.3170 | −0.565% | $306K | $139K | 50x | as long as short |
| BloFin MTL-USDTlong | −0.0304% | 4h | 0.3188 | long leg | $118K | $6K | 50x | |
| Bitget MTLUSDT | −0.0264% | 4h | 0.3164 | −0.753% | $348K | $117K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0088% | 4h | 0.3171 | −0.533% | $669K | $27K | 30x | as long as short |
Gate MTL_USDT
Bybit MTLUSDT
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
Bitget MTLUSDT
KuCoin MTLUSDTM