Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.016%
Price spread now: BingX against MEXC−0.032%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$960.961% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.032%, 7d avg +0.030%
=Funding pays, the price is against you. BingX is 0.062% cheaper against MEXC than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.030%). If the spread goes back, that is −$6 on $10k: about 4.5 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MTL_USDT | 0.3168 | −0.0700 | get 0.0350% / 4h | 2h 45m | $280K | $139K | 50x |
| Short | BingX MTL-USDT | 0.3167 | −0.0654 | pay 0.0327% / 4h | 2h 45m | — | $1.3M | — |
MEXC MTL_USDT
BingX MTL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $9.66
- Price spread: −0.032% → +0.030%
- −$6.18
- Slippage, 4 orders
- −$82.09
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$92.61
- Costs to cover
- 0.961%
- Break-even
- 74.1 days
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 1 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 MEXC live order book, 5 min ago | 3.15 bp | 15.9 bp −$16 | 117.7 bp −$1,177 | 178.1 bp −$17.8K | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.74 bp | 27.7 bp −$28 | 108.5 bp −$1,085 | 471.7 bp −$47.2K | 1107.9 bp −$553.9K |
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 | −0.2070% | 1h | 0.3167 | −0.029% | $2K | $8K | 5x | as long as short |
| Binance MTLUSDT | −0.0710% | 4h | 0.3169 | +0.032% | $1.7M | $4.9M | 50x | as long as short |
| MEXC MTL_USDTlong | −0.0700% | 4h | 0.3168 | long leg | $280K | $139K | 50x | |
| BingX MTL-USDTshort | −0.0654% | 4h | 0.3167 | −0.032% | — | $1.3M | — | |
| BloFin MTL-USDT | −0.0631% | 4h | 0.3186 | +0.568% | $116K | $6K | 50x | as long as short |
| Bitget MTLUSDT | −0.0270% | 4h | 0.3162 | −0.189% | $345K | $122K | 25x | as long as short |
| Gate MTL_USDT | −0.0046% | 4h | 0.3169 | +0.032% | $157K | $63K | 25x | as long as short |
| Bybit MTLUSDT | +0.0100% | 8h | 0.3161 | −0.221% | $1.1M | $998K | 25x | as long as short |
| KuCoin MTLUSDTM | +0.0100% | 4h | 0.3173 | +0.158% | $669K | $25K | 30x | as long as short |
Aster MTLUSDT
Binance MTLUSDT
BloFin MTL-USDT
Bitget MTLUSDT
Gate MTL_USDT
Bybit MTLUSDT
KuCoin MTLUSDTM