Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against BloFin+0.096%49s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as 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−$700.705% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.096%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.084% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 49 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 | 0.3135 | 0.0054 | pay 0.0027% / 4h | 46m 19s | $119K | $5K | 50x |
| Short | MEXC MTL_USDT | 0.3138 | 0.0100 | get 0.0050% / 4h | 46m 19s | $271K | $131K | 50x |
BloFin MTL-USDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $9.65
- Price spread: +0.096% → +0.012%
- $8.4
- Slippage, 4 orders
- −$54.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$52.42
- Costs to cover
- 0.705%
- Break-even
- 45.0 days
Slippage from BloFin: live order book, 14 min ago; MEXC: live order book, 13 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, 14 min ago | 1.60 bp | 17.7 bp −$18 | 91.5 bp −$915 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 13 min ago | 1.60 bp | 8.7 bp −$9 | 98.7 bp −$987 | 177.2 bp −$17.7K | 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 | 0.3140 | +0.159% | — | $1.3M | — | as long as short |
| BloFin MTL-USDTlong | +0.0054% | 4h | 0.3135 | long leg | $119K | $5K | 50x | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3138 | +0.102% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3139 | +0.128% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3134 | −0.032% | $167K | $35K | 25x | as long as short |
| MEXC MTL_USDTshort | +0.0100% | 4h | 0.3138 | +0.096% | $271K | $131K | 50x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3137 | +0.064% | $666K | $24K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3135 | 0.000% | $350K | $96K | 25x | as long as short |
| Bybit MTLUSDT | +0.0990% | 8h | 0.3129 | −0.191% | $1.0M | $717K | 25x | as long as short |
BingX MTL-USDT
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
Bybit MTLUSDT