Metal DAO (MTL) Funding Rate History
Metal DAO (MTL) perpetual futures funding ranges from -188.70 bps on KUCOIN to -61.00 bps on GATEIO across 8 reporting venues, a spread of 127.70 bps. The most extreme rate (-2066.26% APY annualized) is on KUCOIN. Currently all venues currently report negative funding (shorts paying longs).
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
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| KUCOIN | -188.70 bps | -2066.26% APY | -6.00 bps | $677.88K |
| MEXC | -159.70 bps | -1748.71% APY | -7.00 bps | $552.27K |
| BINANCE | -159.10 bps | -1742.14% APY | -7.00 bps | $35.46M |
| PHEMEX | -86.70 bps | -949.37% APY | -6.10 bps | $975.20K |
| BYBIT | -82.70 bps | -905.56% APY | -8.40 bps | $10.23M |
| BINGX | -80.00 bps | -876.00% APY | -5.60 bps | $1.33M |
| BITGET | -75.20 bps | -823.44% APY | -6.00 bps | $3.46M |
| GATEIO | -61.00 bps | -667.95% APY | -3.80 bps | $939.93K |
Last updated 2026-05-23T09:52:49.504753Z (UTC).
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Related: MTL open interest, MTL volume, MTL perp market data.