Funding you earn now, next payment 20:00 UTC−0.1918%/8hpaid last 24h −0.162%
Price spread now: Binance against Bybit+0.259%7-day average −0.319% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1491.491% of the position
Funding, last 7 days−1.096%−$110 on $10k
+Price spread, last 7 days−2.409%−$241 · spread now +0.259%, 7d avg −0.319%
=The price spread pays, funding is against you. Binance is 0.578% dearer against Bybit than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of −0.319%): +$58 on $10k if it goes back. Holding the pair costs −$58 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−1.096% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.096% in total (about -57.1% a year). A funding rate is set anew for every payment. 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 | Bybit MTLUSDT | 0.3094 | 0.2018 | pay 0.2018% / 8h | 4h 25m | $1.0M | $674K | 25x |
| Short | Binance MTLUSDT | 0.3102 | 0.0100 | get 0.0050% / 4h | 25m 53s | $1.8M | $3.4M | 50x |
Bybit MTLUSDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$402.74
- Price spread: +0.259% → −0.319%
- $57.79
- Slippage, 4 orders
- −$128.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$494.04
- Costs to cover
- 1.491%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 20 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 Bybit live order book, 4 min ago | 1.62 bp | 47.2 bp −$47 | 494.5 bp −$4,945 | doesn't fit | doesn't fit |
| Sell Binance live order book, 20 min ago | 3.24 bp | 29.0 bp −$29 | 124.3 bp −$1,243 | 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 | 0.3100 | +0.194% | — | $1.3M | — | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3102 | +0.245% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDTshort | +0.0100% | 4h | 0.3102 | +0.259% | $1.8M | $3.4M | 50x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3098 | +0.129% | $167K | $37K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3102 | +0.259% | $267K | $133K | 50x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3101 | +0.226% | $660K | $26K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3097 | +0.097% | $341K | $89K | 25x | as long as short |
| BloFin MTL-USDT | +0.0124% | 4h | 0.3098 | +0.129% | $124K | $5K | 50x | as long as short |
| Bybit MTLUSDTlong | +0.2018% | 8h | 0.3094 | long leg | $1.0M | $674K | 25x |
BingX MTL-USDT
Aster MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT
BloFin MTL-USDT