METAL DAO (MTL) price, where to buy & arbitrage

MTL 15 exchanges

Metal DAO (MTL) trades on 15 exchanges that Finder tracks live, across 8 spot, 13 perpetual markets. Metal DAO arbitrage means buying MTL where it is priced lower and selling where it is higher, capturing the gap before it closes. The deepest liquidity is on Ascendex ($10,549,314 of $14,233,072 total 24h volume). It can be moved between exchanges over METAL-L2, MTL, ERC20. With both spot and perpetual MTL markets live, the spot-versus-perp gap and the cross-exchange spread are both arbitrage opportunities. Finder compares every MTL quote in real time to surface the best cross-exchange arbitrage spread, with live deposit and withdrawal status on each rail. Closed transfer rails are flagged before you act, so a wide spread on a stuck route is never shown as live.

Data refreshed 2026-06-29
View on dashboard CoinGecko ↗
Live · 15 exchanges Real-time ↗
$0.231963
-2.66%24h
Cross-exchange $0.04 · 18.14%
Ourbit → Phemex · 24h high +50.54% · 11h ago
Most liquid Ascendex futures · $10.5M/24h
Supported networks 3 chains
Metal-l2 Mtl Erc20

MTL price · last 7d

-5.71%
low 0.21875 Ascendex · 7d high 0.24475

Where MTL trades

21 markets
Exchange
Market
Funding
Bid
Ask
24h Vol
Vol%
NetworkD/WFee
Bingx
spot
—
$0.229
$0.233
—
—
MTLDW$0.02
Bingx
futures
+0.0100%
$0.2305
$0.2307
$1.3M
9.4%
MTLDW$0.02
Binance
spot
—
$0.23
$0.232
$100k
0.7%
MTLDW$0.02
Binance
futures
+0.0015%
$0.2305
$0.2307
$806k
5.7%
MTLDW$0.02
Phemex
spot
—
$0.229
$0.233
$265k
1.9%
METAL-L2DWERC20DW
Phemex
futures
-0.0112%
$0.2309
$0.231
$91k
0.6%
METAL-L2DWERC20DW
Kucoin
spot
—
$0.2306
$0.2313
$110k
0.8%
METAL-L2DW$0.23
Kucoin
futures
+0.0100%
$0.2302
$0.2314
$12k
<0.1%
METAL-L2DW$0.23
Weex
spot
—
$0.227
$0.235
$6k
<0.1%
❔
Weex
futures
·
$0.2306
$0.2307
$80k
0.6%
❔
Gateio
spot
—
$0.2299
$0.2315
$731
<0.1%
METAL-L2DW
Gateio
futures
+0.0100%
$0.2303
$0.2308
$15k
0.1%
METAL-L2DW
Ascendex
futures
+0.0800%
$0.2303
$0.2309
$10.5M
74.1%
❔
Ourbit
futures
+0.0011%
$0.2305
$0.2307
$419k
2.9%
❔
Htx
spot
—
$0.219
$0.227
$192k
1.3%
METAL-L2DW$0.05
Mexc
futures
+0.0011%
$0.2305
$0.2307
$96k
0.7%
❔
Bybit
futures
+0.0100%
$0.2302
$0.2304
$86k
0.6%
❔
Xt
futures
+0.0016%
$0.2305
$0.2308
$30k
0.2%
METAL-L2DW$0.77
Bitget
futures
+0.0100%
$0.2307
$0.2309
$29k
0.2%
METAL-L2DW$0.99
Coinex
spot
—
$0.230275
$0.23259
$2k
<0.1%
MTLDW
Kraken
futures
-0.5037%
$0.2296
$0.2973
$2k
<0.1%
❔

MTL order-book walls

2 walls

Large resting limit orders sitting on MTL order books right now: buy walls (support) and sell walls (resistance), ranked by size with distance from the mid price and the venue. Updated live.

Side
Price
Size
From mid
Of side
Exchange
Resistance
$0.233
$1.2M
1.11%
61%
Weex futures
Support
$0.2279
$1.2M
1.11%
62%
Weex futures

About Metal DAO spreads

Q.01 Where can I buy MTL? +
MTL is listed on 21 exchanges: Ascendex, Binance, Bingx, Bitget, Bybit, Coinex, Gateio, Htx, …. The highest-volume market is Ascendex ($10,549,314 24h). Current lowest price: $0.223 on Htx (spot).
Q.02 Where is MTL cheapest to buy right now? +
The lowest live MTL price across the exchanges we track is $0.223 on Htx (spot). Prices move every second, so the cheapest exchange can change. The live table above is the source of truth.
Q.03 Does MTL trade on spot or futures? +
MTL is available across 8 spot markets, 13 perpetual markets. Both spot-versus-perp and cross-exchange spreads are surfaced on the dashboard.
Q.04 How do I arbitrage MTL between exchanges? +
Buy MTL on the cheaper exchange and sell on the dearer one, then settle the difference. You either transfer the coin (only when the deposit and withdrawal rail is open) or hold offsetting spot and perpetual legs. The main risks are transfer windows, fees and execution speed, all of which Finder surfaces per spread so you act only on routes that are actually open.
Q.05 Which networks does MTL support for deposit and withdrawal? +
MTL can be transferred via METAL-L2, MTL, ERC20 networks. Real-time deposit/withdrawal status per exchange is tracked in the table above. Rails change frequently and we refresh our data every few minutes.
Q.06 How often are MTL prices and arbitrage data updated? +
Orderbook prices come from exchange WebSockets with per-symbol updates within seconds. Deposit/withdrawal status refreshes every few minutes. Arbitrage spreads are computed continuously from the same stream.

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How to arbitrage MTL

Cross-exchange arbitrage
Compare spot prices across exchanges, move the coin on an open rail, capture the gap.
Spot-futures basis
Trade the basis between spot and the perpetual on the same asset.
%
Funding-rate arbitrage
Earn the funding-rate spread delta-neutral across perpetual venues.
Full arbitrage guide
The complete playbook: routes, fees, transfer rails, risks and execution.

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