Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.9% APRnext payment −$1.18 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Gate+0.150%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$785as in the Funding arb table
Net, price: spread back to 7d avg − costs−$596as in the Price arb table
costs, in and out, $10k−$6106.104% of the position
Funding, last 7 days−1.744%−$174 on $10k
+Price spread, last 4 days (all we have)−0.334%−$33 · spread now +0.150%, 7d avg +0.008%
=The price spread pays, funding is against you. Binance is 0.142% dearer against Gate than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.008%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−1.744% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3136 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $153K | $76K | 25x |
| Short | Binance MTLUSDT | 0.3141 | −0.0136 | pay 0.0068% / 4h | 3h 55m | $1.7M | $4.8M | 50x |
Gate MTL_USDT
Binance MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$49.64
- Price spread: +0.150% → +0.008%
- $14.23
- Slippage, 4 orders
- −$585.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$645.77
- Costs to cover
- 6.104%
- Break-even
- never at this rate
Slippage from Gate: live order book, 55 min ago; Binance: live order book, 12 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 Gate live order book, 55 min ago | 1.59 bp | 250.0 bp −$250 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.59 bp | 32.1 bp −$32 | 107.6 bp −$1,076 | 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 | −0.0206% | 4h | 0.3130 | −0.191% | — | $1.3M | — | as long as short |
| MEXC MTL_USDT | −0.0150% | 4h | 0.3139 | +0.096% | $280K | $126K | 50x | as long as short |
| Binance MTLUSDTshort | −0.0136% | 4h | 0.3141 | +0.150% | $1.7M | $4.8M | 50x | |
| BloFin MTL-USDT | −0.0092% | 4h | 0.3139 | +0.096% | $112K | $7K | 50x | as long as short |
| Aster MTLUSDT | +0.0100% | 1h | 0.3143 | +0.214% | $2K | $9K | 5x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3133 | −0.096% | $1.1M | $958K | 25x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3136 | long leg | $153K | $76K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3148 | +0.383% | $663K | $23K | 30x | as long as short |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3137 | +0.032% | $344K | $114K | 25x | as long as short |
BingX MTL-USDT
MEXC MTL_USDT
BloFin MTL-USDT
Aster MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM
Bitget MTLUSDT