MTL
Metal DAO
Funding Rates by Exchange
| Exchange | Funding APR↓ | Interval | Open Interest↕ | Mark Price↕ |
|---|---|---|---|---|
 BloFinBest Short | +13.79% | 8h | $106K | $0.185 |
 Toobit | +12.10% | 8h | $47K | $0.1849 |
 Binance Futures | +10.96% | 8h | $967K | $0.1849 |
 Bybit | +10.96% | 8h | $334K | $0.1847 |
 BingX | +10.96% | 8h | $962K | $0.1849 |
 Bitget | +10.96% | 8h | $110K | $0.1849 |
 Gate.io | +10.96% | 8h | $33K | $0.1843 |
 KuCoin | +10.96% | 8h | $63K | $0.1849 |
 MEXC | +10.96% | 8h | $126K | $0.185 |
 WEEX | +10.96% | 8h | $24.6M | $0.185 |
 TxFlow | +10.96% | 1h | $8K | $0.1847 |
 BitunixBest Long | -8.88% | 8h | — | $0.185 |
MTL funding rates explained
Funding data updated 02:10 UTC, 2026-08-17
MTL (Metal DAO) perpetual futures funding rates are tracked live across 12 exchanges on ORBIT. Funding is the recurring payment exchanged between long and short traders that keeps a perpetual contract tethered to the spot price — when it is positive, longs pay shorts; when negative, shorts pay longs. Right now MTL funding ranges from -8.88% annualized on Bitunix to +13.79% on BloFin.
The widest cross-exchange funding spread for MTL is currently 22.7% APR. A delta-neutral funding trade captures this gap by going long on Bitunix — where funding is lowest, so the long leg is paid or pays the least — and short on BloFin, where funding is highest, so the short leg collects. Because the two legs are equal and opposite, the asset's price moves cancel out and what is left is the funding spread. ORBIT's backtester replays the real funding history of both legs and subtracts live taker fees and order-book slippage, so the result is net PnL, not a headline number.
MTL ranks #324 by open interest among tracked perpetual assets, total open interest across covered venues is $27.4M, 24h volume is $3.0M, the volume-weighted mark price is $0.185. Deeper liquidity means a funding spread can be traded at larger size with lower slippage — use the Min OI filter on the screener to surface only markets you can realistically enter and exit.
Frequently asked questions
- Which exchange has the highest MTL funding rate right now?
- BloFin shows the highest MTL funding at +13.79% annualized. A high positive rate means shorts get paid, so this is the venue to short MTL when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.
- Which exchange is best to long MTL for funding?
- Bitunix has the lowest MTL funding at -8.88% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.
- What is the best MTL funding-arbitrage pair?
- The widest spread is long Bitunix / short BloFin at about 22.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.