Funding you earn now, next payment 00:00 UTC−0.0303%/8h= −33.2% APRnext payment −$3.03 per $10,000 · paid last 24h −0.080%
Price spread now: BloFin against BingX−0.179%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days−0.547%−$55 on $10k
+Price spread, last 3 days (all we have)+0.366%+$37 · spread now −0.179%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.112% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1283 | −0.0037 | get 0.0037% / 8h | 6m 54s | — | $2.7M | — |
| Short | BloFin MINA-USDT | 0.1280 | −0.0340 | pay 0.0340% / 8h | 6m 54s | $253K | $293K | 50x |
BingX MINA-USDT
BloFin MINA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$63.66
- Price spread: −0.179% → −0.067%
- −$11.2
- Slippage, 4 orders
- −$62.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$159.19
- Costs to cover
- 0.843%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; BloFin: 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 BingX live order book, 2 min ago | 4.68 bp | 23.7 bp −$24 | 81.1 bp −$811 | 380.2 bp −$38.0K | 467.7 bp −$233.9K |
| Sell BloFin live order book, 3 min ago | 0.78 bp | 23.1 bp −$23 | 67.8 bp −$678 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.2379% | 1h | 0.1277 | −0.476% | $23K | $86K | 10x | as long as short |
| BloFin MINA-USDTshort | −0.0340% | 8h | 0.1280 | −0.179% | $253K | $293K | 50x | |
| Binance MINAUSDT | −0.0320% | 8h | 0.1282 | −0.055% | $4.4M | $33.4M | 50x | as long as short |
| MEXC MINA_USDT | −0.0319% | 8h | 0.1282 | −0.062% | $1.2M | $1.4M | 50x | as long as short |
| Bitget MINAUSDT | −0.0211% | 8h | 0.1281 | −0.101% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0175% | 8h | 0.1282 | −0.078% | $416K | $970K | 50x | as long as short |
| Bybit MINAUSDT | −0.0087% | 4h | 0.1284 | +0.078% | $4.5M | $6.6M | 25x | as long as short |
| KuCoin MINAUSDTM | −0.0076% | 8h | 0.1281 | −0.101% | $772K | $501K | 30x | as long as short |
| BingX MINA-USDTlong | −0.0037% | 8h | 0.1283 | long leg | — | $2.7M | — | |
| OKX MINA-USDT-SWAP | −0.0033% | 4h | 0.1282 | −0.016% | $1.9M | $17.1M | 20x | as long as short |
Kraken Futures PF_MINAUSD
Binance MINAUSDT
MEXC MINA_USDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
KuCoin MINAUSDTM
OKX MINA-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1282 | −0.023% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1284 | +0.087% | $413K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA