Funding you earn now, next payment 04:00 UTC−0.0750%/8h= −82.1% APRnext payment −$3.75 per $10,000 · paid last 24h −0.022%
Price spread now: BingX against Gate+0.063%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$828as in the Funding arb table
Net, price: spread back to 7d avg − costs−$648as in the Price arb table
costs, in and out, $10k−$6516.510% of the position
Funding, last 7 days−1.768%−$177 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.063%, 7d avg +0.028%
=The price spread pays, funding is against you. BingX is 0.035% dearer against Gate than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3190 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $158K | $65K | 25x |
| Short | BingX MTL-USDT | 0.3192 | −0.0650 | pay 0.0325% / 4h | 2h 26m | — | $1.3M | — |
Gate MTL_USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$157.5
- Price spread: +0.063% → +0.028%
- $3.48
- Slippage, 4 orders
- −$626
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$805.02
- Costs to cover
- 6.510%
- Break-even
- never at this rate
Slippage from Gate: live order book, 35 min ago; BingX: live order book, 10 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, 35 min ago | 3.18 bp | 299.0 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.72 bp | 37.6 bp −$38 | 134.8 bp −$1,348 | 490.6 bp −$49.1K | 1036.1 bp −$518.1K |
MTL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC MTL_USDT | −0.0662% | 4h | 0.3188 | −0.063% | $282K | $140K | 50x | as long as short |
| Binance MTLUSDT | −0.0656% | 4h | 0.3188 | −0.063% | $1.8M | $4.9M | 50x | as long as short |
| BingX MTL-USDTshort | −0.0650% | 4h | 0.3192 | +0.063% | — | $1.3M | — | |
| Aster MTLUSDT | −0.0434% | 1h | 0.3194 | +0.140% | $2K | $8K | 5x | as long as short |
| Bitget MTLUSDT | −0.0228% | 4h | 0.3184 | −0.188% | $347K | $122K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3184 | −0.188% | $1.1M | $998K | 25x | as long as short |
| Gate MTL_USDTlong | +0.0100% | 4h | 0.3190 | long leg | $158K | $65K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3191 | +0.031% | $673K | $25K | 30x | as long as short |
MEXC MTL_USDT
Binance MTLUSDT
Aster MTLUSDT
Bitget MTLUSDT
Bybit MTLUSDT
KuCoin MTLUSDTM