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Metal DAO (MTL) Funding Rate History

Metal DAO (MTL) perpetual futures funding ranges from 0.50 bps on PHEMEX to 1.00 bps on BINGX across 8 reporting venues, a spread of 0.50 bps. The most extreme rate (10.95% APY annualized) is on BINGX. Currently all venues currently report positive funding (longs paying shorts).

A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on MTL price.

MTL Per-Exchange Funding Rates

ExchangeCurrent Funding (bps)Funding APY7-Day Avg Funding (bps)24h Volume
BINGX1.00 bps10.95% APY1.10 bps$1.32M
BINANCE1.00 bps10.95% APY0.90 bps$673.31K
MEXC1.00 bps10.95% APY0.90 bps$102.16K
BYBIT1.00 bps10.95% APY1.00 bps$58.38K
GATEIO1.00 bps10.95% APY0.90 bps$14.12K
BITGET1.00 bps10.95% APY1.10 bps$8.66K
KUCOIN1.00 bps10.95% APY1.00 bps$3.96K
PHEMEX0.50 bps5.47% APY0.40 bps$54.59K

Last updated 2026-07-07T15:02:55Z (UTC).

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