Funding you earn now, next payment 12:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h −0.238%
Price spread now: BloFin against Bybit+0.257%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$339as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1331.335% of the position
Funding, last 7 days−2.054%−$205 on $10k
+Price spread, last 4 days (all we have)−0.479%−$48 · spread now +0.257%, 7d avg +0.018%
=The price spread pays, funding is against you. BloFin is 0.239% dearer against Bybit than usual: you sell high and buy low (spread +0.257% now, against its 7-day average of +0.018%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−2.054% in total) that is about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MTLUSDT | 0.3113 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $1.0M | $843K | 25x |
| Short | BloFin MTL-USDT | 0.3121 | 0.0035 | get 0.0017% / 4h | 1h 54m | $106K | $7K | 50x |
Bybit MTLUSDT
BloFin MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$13.75
- Price spread: +0.257% → +0.018%
- $23.85
- Slippage, 4 orders
- −$110.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$123.36
- Costs to cover
- 1.335%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 48 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 | 3.21 bp | 47.6 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 min ago | 9.60 bp | 22.0 bp −$22 | 67.5 bp −$675 | doesn't fit | doesn't fit |
MTL on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.0248% | 1h | 0.3117 | +0.144% | $2K | $9K | 5x | as long as short |
| Binance MTLUSDT | −0.0011% | 4h | 0.3116 | +0.111% | $1.7M | $4.6M | 50x | as long as short |
| MEXC MTL_USDT | −0.0010% | 4h | 0.3116 | +0.096% | $261K | $126K | 50x | as long as short |
| BingX MTL-USDT | +0.0012% | 4h | 0.3112 | −0.032% | — | $1.3M | — | as long as short |
| BloFin MTL-USDTshort | +0.0035% | 4h | 0.3121 | +0.257% | $106K | $7K | 50x | |
| Bybit MTLUSDTlong | +0.0100% | 8h | 0.3113 | long leg | $1.0M | $843K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3115 | +0.064% | $149K | $75K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3123 | +0.321% | $657K | $22K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3115 | +0.064% | $326K | $150K | 25x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
BingX MTL-USDT
Gate MTL_USDT
KuCoin MTLUSDTM
Bitget MTLUSDT