Funding you earn now, next payment 00:00 UTC−0.0385%/8h= −42.1% APRpaid last 24h −0.098%
Price spread now: Bybit against Binance+0.259%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days−0.386%−$39 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.259%, 7d avg +0.168%
=The price spread pays, funding is against you. Bybit is 0.091% dearer against Binance than usual: you sell high and buy low (spread +0.259% now, against its 7-day average of +0.168%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.386% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MINAUSDT | 0.1287 | −0.0426 | get 0.0426% / 8h | 2h 40m | $4.5M | $34.0M | 50x |
| Short | Bybit MINAUSDT | 0.1290 | −0.0811 | pay 0.0405% / 4h | 2h 40m | $4.5M | $6.8M | 25x |
Binance MINAUSDT
Bybit MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$80.8
- Price spread: +0.259% → +0.168%
- $9.1
- Slippage, 4 orders
- −$100.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$193.1
- Costs to cover
- 1.214%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 1 min ago | 1.94 bp | 21.3 bp −$21 | 133.2 bp −$1,332 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.85 bp | 55.3 bp −$55 | 166.5 bp −$1,665 | doesn't fit | doesn't fit |
MINA on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINAUSDTshort | −0.0811% | 4h | 0.1290 | +0.259% | $4.5M | $6.8M | 25x | |
| Kraken Futures PF_MINAUSD | −0.0702% | 1h | 0.1292 | +0.395% | $28K | $85K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0609% | 4h | 0.1288 | +0.034% | $1.9M | $17.5M | 20x | as long as short |
| Binance MINAUSDTlong | −0.0426% | 8h | 0.1287 | long leg | $4.5M | $34.0M | 50x | |
| MEXC MINA_USDT | −0.0425% | 8h | 0.1287 | +0.019% | $1.3M | $1.5M | 50x | as long as short |
| BloFin MINA-USDT | −0.0409% | 8h | 0.1288 | +0.050% | $264K | $343K | 50x | as long as short |
| Gate MINA_USDT | −0.0260% | 8h | 0.1288 | +0.042% | $420K | $976K | 50x | as long as short |
| Bitget MINAUSDT | −0.0252% | 8h | 0.1286 | −0.075% | $1.9M | $3.8M | 50x | as long as short |
| BingX MINA-USDT | −0.0201% | 8h | 0.1288 | +0.081% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTM | +0.0043% | 8h | 0.1287 | −0.020% | $810K | $502K | 30x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
MEXC MINA_USDT
BloFin MINA-USDT
Gate MINA_USDT
Bitget MINAUSDT
BingX MINA-USDT
KuCoin MINAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1288 | +0.094% | $3.8M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1290 | +0.244% | $420K | $146K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA