Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.008%
Price spread now: Gate against BloFin+0.097%48s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$496as 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−$6626.624% of the position
Funding, last 7 days+1.661%+$166 on $10k
+Price spread, last 3 days (all we have)+0.109%+$11 · spread now +0.097%, 7d avg +0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.078% dearer against BloFin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 48 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 | 0.3105 | 0.0102 | pay 0.0051% / 4h | 1h 26m | $119K | $5K | 50x |
| Short | Gate MTL_USDT | 0.3108 | 0.0100 | get 0.0050% / 4h | 1h 26m | $166K | $38K | 25x |
BloFin MTL-USDT
Gate MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$0.5
- Price spread: +0.097% → +0.018%
- $7.84
- Slippage, 4 orders
- −$635.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$655.08
- Costs to cover
- 6.624%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 46 min ago; Gate: live order book, 50 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, 46 min ago | 3.23 bp | 29.8 bp −$30 | 117.8 bp −$1,178 | doesn't fit | doesn't fit |
| Sell Gate live order book, 50 min ago | 4.84 bp | 306.2 bp −$306 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MTL-USDT | +0.0036% | 4h | 0.3107 | +0.064% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3110 | +0.175% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3111 | +0.193% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDTshort | +0.0100% | 4h | 0.3108 | +0.097% | $166K | $38K | 25x | |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3110 | +0.161% | $268K | $133K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3109 | +0.129% | $660K | $25K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3111 | +0.193% | $350K | $95K | 25x | as long as short |
| BloFin MTL-USDTlong | +0.0102% | 4h | 0.3105 | long leg | $119K | $5K | 50x | |
| Bybit MTLUSDT | +0.1097% | 8h | 0.3107 | +0.064% | $1.0M | $718K | 25x | as long as short |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT