Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.022%
Price spread now: BingX against KuCoin−0.192%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,052as in the Price arb table
costs, in and out, $10k−$1,03510.353% of the position
Funding, last 7 days−0.736%−$74 on $10k
+Price spread, last 4 days (all we have)+0.318%+$32 · spread now −0.192%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.171% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MTLUSDTM | 0.3126 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $663K | $24K | 30x |
| Short | BingX MTL-USDT | 0.3120 | 0.0036 | get 0.0018% / 4h | 1h 04m | — | $1.3M | — |
KuCoin MTLUSDTM
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$13.44
- Price spread: −0.192% → −0.021%
- −$17.06
- Slippage, 4 orders
- −$1,013.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,065.76
- Costs to cover
- 10.353%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 69 min ago; BingX: live order book, 7 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 KuCoin live order book, 69 min ago | 19.36 bp | 548.6 bp −$549 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.21 bp | 32.7 bp −$33 | 105.3 bp −$1,053 | 671.9 bp −$67.2K | 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-USDTshort | +0.0036% | 4h | 0.3120 | −0.192% | — | $1.3M | — | |
| Aster MTLUSDT | +0.0100% | 1h | 0.3128 | +0.078% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | +0.0100% | 4h | 0.3123 | −0.096% | $1.8M | $3.5M | 50x | as long as short |
| Gate MTL_USDT | +0.0100% | 4h | 0.3123 | −0.096% | $167K | $38K | 25x | as long as short |
| MEXC MTL_USDT | +0.0100% | 4h | 0.3125 | −0.032% | $270K | $134K | 50x | as long as short |
| KuCoin MTLUSDTMlong | +0.0100% | 4h | 0.3126 | long leg | $663K | $24K | 30x | |
| Bitget MTLUSDT | +0.0100% | 4h | 0.3119 | −0.224% | $349K | $96K | 25x | as long as short |
| BloFin MTL-USDT | +0.0151% | 4h | 0.3117 | −0.288% | $118K | $5K | 50x | as long as short |
| Bybit MTLUSDT | +0.1045% | 8h | 0.3116 | −0.320% | $1.0M | $717K | 25x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
Gate MTL_USDT
MEXC MTL_USDT
Bitget MTLUSDT
BloFin MTL-USDT
Bybit MTLUSDT