MTL Funding Rate — live across 7 venues

Perpetual funding · compared across 7 venues · net of estimated fees · updated every few minutes

Live annualized MTL perpetual funding across all 7 venues Perpia tracks. Right now MTL funding is positive on 3 and negative on 4, ranging from +21.9% on BingX to -38.5% on Bitget — a spread of 60.4%. The widest delta-neutral trade is long Bitget / short BingX at 57.2% net APR.

7venues

3paying positive

60.4%funding spread

Best MTL spread now

57.2%

net APR after fees

LongBitget↗→ShortBingX↗

size depends on live venue depth — see the real cap in the scanner

MTL funding trend & liquidity

168h of history

60.4%current gross APR

47.8%24h average

-2.1%7-day average

$209Kpair OI · lower leg

$231K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

MTL · Bitget → BingX — no history

Loading MTL rate history…

Build a route

any two of the 7 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+60.4%+$16.56 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 7 venues

Venue	Funding APR ↓	Interval
BingX↗short	+21.9%	every 4h
Bybit↗	+10.9%	every 8h
Gate.io↗	+10.9%	every 4h
below — these venues pay the longs: this is the leg you buy
KuCoin↗	−12.5%	every 4h
MEXC↗	−16.0%	every 4h
Binance↗	−16.8%	every 4h
Bitget↗long	−38.5%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs BingX page. 17 pairs scanned for MTL.

MTL arbitrage — 30-day backtest

long Bitget · short BingX

-4.4%backtested APR

−$36historical net P&L on $10,000

0.51%max drawdown

$10,000$9,964

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short BingX would have produced -4.4% APR — versus the 57.2% the live spread implies right now (equity $10,000 → $9,964). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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MTL — FAQ

Is MTL funding positive right now?

MTL perpetual funding is positive on 3 of 7 venues Perpia tracks and negative on 4. The highest is +21.9% on BingX; the lowest is -38.5% on Bitget.

What is the best MTL funding arbitrage right now?

Go long Bitget and short BingX for about 57.2% net APR after fees — the widest delta-neutral MTL spread Perpia currently sees.

Which exchange has the highest MTL funding rate?

BingX, at +21.9% annualized. Funding shifts continuously, so check the live table above before trading.

How MTL funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to MTL

also quoted on both BingX and Bitget

The same two exchanges you would already have funded for the MTL trade. Every spread between them is on the BingX vs Bitget page.

Open the live scanner →All funding rates Funding by exchange How we calculate this