ArbiLayer

MTL arbitrage

live

Live Metal DAO price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.03%Bitget → Bybit · Perp–Perp
Best perp–perp spread+0.13%Bitget → Bybit
Markets tracked97 venues · 6 perp · 3 spot · 0 DEX
Price range0.28%$0.299 – $0.2999

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.30Binance logoBinancespot$0.2997 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.30Binance logoBinancespot$0.2997 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Binance logoBinancespot$0.30Gate logoGatespot$0.2992 -0.27%-0.47% -0.27%— 0.000%— LS Chart →
Binance logoBinancespot$0.30KuCoin logoKuCoinspot$0.2992 -0.27%-0.47% -0.27%— 0.000%— LS Chart →
Gate logoGatespot$0.30KuCoin logoKuCoinspot$0.2992 -0.27%-0.47% -0.27%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.30Gate logoGatespot$0.2992 -0.27%-0.47% -0.27%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

MTL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · MTLUSDTPerpetual $0.2995$0.2997$0.2996+0.05% +0.030%$230.8K
MEXC logoMEXCPerpetual · MTL_USDTPerpetual $0.2994$0.2995$0.29950.00% +0.030%$100.5K
Bitget logoBitgetPerpetual · MTLUSDTPerpetual $0.2989$0.2991$0.299-0.15% -0.011%$52.2K
KuCoin logoKuCoinSpot · MTL-USDTSpot $0.2992$0.30$0.2996+0.05% —$32.5K
KuCoin logoKuCoinPerpetual · MTLUSDTMPerpetual $0.2979$0.3004$0.2992-0.10% +0.030%$24.6K
Gate logoGateSpot · MTL_USDTSpot $0.2992$0.30$0.2996+0.05% —$7.0K
Binance logoBinancePerpetual · MTLUSDTPerpetual $0.2994$0.2995$0.29950.00% +0.030%—
Aster logoAsterPerpetual · MTLUSDTPerpetual $0.2991$0.2998$0.29950.00% +0.030%—
Binance logoBinanceSpot · MTLUSDTSpot $0.2997$0.30$0.2999+0.13% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

MTL arbitrage explained

Right now Metal DAO (MTL) trades on 7 venues we scan: 6 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.2991 and the highest bid on Binance spot at $0.2997.

The widest MTL perpetual spread is between Bitget and Bybit: long MTL on Bitget at $0.2991 and short on Bybit at $0.2995 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.041% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best MTL route is to buy spot on Binance and short the perpetual on Bybit: -0.17% gross, -0.37% net, with +0.030% a day of funding on the short leg.

Spot–spot MTL arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.10% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small MTL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: MTL funding rates · MTL spread charts · Metal DAO price · arbitrage scanner for all coins.

Is there a MTL arbitrage opportunity right now?

The best MTL route right now is to buy on Bitget → sell on Bybit (Perp–Perp): +0.13% gross and -0.03% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest MTL?

Bitget (perp) has the lowest MTL ask at $0.2991, and Binance (spot) the highest bid at $0.2997. Prices update every 15 seconds on this page.

How many exchanges list MTL?

ArbiLayer tracks 9 MTL markets on 7 venues: 6 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage MTL without transferring coins?

Use two perpetual contracts: go long MTL on the cheaper exchange (Bitget now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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