Funding you earn now, next payment 04:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.235%
Price spread now: MEXC against Bybit+0.286%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$386as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−2.591%−$259 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.286%, 7d avg +0.025%
=The price spread pays, funding is against you. MEXC is 0.261% dearer against Bybit than usual: you sell high and buy low (spread +0.286% now, against its 7-day average of +0.025%): +$26 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−2.591% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MTLUSDT | 0.3151 | 0.0100 | pay 0.0100% / 8h | 4h 17m | $1.1M | $961K | 25x |
| Short | MEXC MTL_USDT | 0.3160 | −0.0340 | pay 0.0170% / 4h | 17m 43s | $291K | $136K | 50x |
Bybit MTLUSDT
MEXC MTL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$92.4
- Price spread: +0.286% → +0.025%
- $26.09
- Slippage, 4 orders
- −$112.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$193.35
- Costs to cover
- 1.270%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 22 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, 3 min ago | 3.17 bp | 46.9 bp −$47 | 1336.5 bp −$13.4K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 22 min ago | 1.59 bp | 19.5 bp −$20 | 118.4 bp −$1,184 | 178.0 bp −$17.8K | 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 | −0.0394% | 4h | 0.3155 | +0.127% | — | $1.3M | — | as long as short |
| MEXC MTL_USDTshort | −0.0340% | 4h | 0.3160 | +0.286% | $291K | $136K | 50x | |
| BloFin MTL-USDT | −0.0330% | 4h | 0.3160 | +0.286% | $113K | $7K | 50x | as long as short |
| Binance MTLUSDT | −0.0327% | 4h | 0.3160 | +0.272% | $1.7M | $4.7M | 50x | as long as short |
| Bitget MTLUSDT | −0.0018% | 4h | 0.3157 | +0.190% | $345K | $112K | 25x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3158 | +0.223% | $2K | $9K | 5x | as long as short |
| Bybit MTLUSDTlong | +0.0100% | 8h | 0.3151 | long leg | $1.1M | $961K | 25x | |
| Gate MTL_USDT | +0.0100% | 4h | 0.3159 | +0.254% | $154K | $74K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3162 | +0.349% | $669K | $23K | 30x | as long as short |
BingX MTL-USDT
BloFin MTL-USDT
Binance MTLUSDT
Bitget MTLUSDT
Aster MTLUSDT
Gate MTL_USDT
KuCoin MTLUSDTM