Funding you earn now, next payment 04:00 UTC+0.0490%/8h= +53.7% APRpaid last 24h +0.229%
Price spread now: Bybit against Gate−0.063%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$408as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4894.893% of the position
Funding, last 7 days+0.817%+$82 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.063%, 7d avg −0.021%
=Funding pays, the price is against you. Bybit is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.021%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MTL_USDT | 0.3180 | −0.0792 | get 0.0396% / 4h | 3h 12m | $161K | $59K | 25x |
| Short | Bybit MTLUSDT | 0.3178 | −0.0302 | pay 0.0302% / 8h | 7h 12m | $1.1M | $958K | 25x |
Gate MTL_USDT
Bybit MTLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $103
- Price spread: −0.063% → −0.021%
- −$4.14
- Slippage, 4 orders
- −$463.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$390.43
- Costs to cover
- 4.893%
- Break-even
- 33.5 days
Slippage from Gate: live order book, 54 min ago; Bybit: live order book, 3 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, 54 min ago | 3.20 bp | 192.3 bp −$192 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.14 bp | 45.9 bp −$46 | 491.1 bp −$4,911 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MTLUSDT | −0.1857% | 1h | 0.3188 | +0.259% | $2K | $8K | 5x | as long as short |
| Gate MTL_USDTlong | −0.0792% | 4h | 0.3180 | long leg | $161K | $59K | 25x | |
| Binance MTLUSDT | −0.0667% | 4h | 0.3182 | +0.050% | $1.8M | $4.7M | 50x | as long as short |
| MEXC MTL_USDT | −0.0642% | 4h | 0.3181 | +0.031% | $307K | $140K | 50x | as long as short |
| BloFin MTL-USDT | −0.0597% | 4h | 0.3185 | +0.157% | $117K | $6K | 50x | as long as short |
| BingX MTL-USDT | −0.0594% | 4h | 0.3178 | −0.063% | — | $1.3M | — | as long as short |
| Bitget MTLUSDT | −0.0320% | 4h | 0.3180 | 0.000% | $349K | $114K | 25x | as long as short |
| Bybit MTLUSDTshort | −0.0302% | 8h | 0.3178 | −0.063% | $1.1M | $958K | 25x | |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3188 | +0.252% | $673K | $27K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
MEXC MTL_USDT
BloFin MTL-USDT
BingX MTL-USDT
Bitget MTLUSDT
KuCoin MTLUSDTM