Funding you earn now, next payment 04:00 UTC−0.1442%/8h= −157.9% APRpaid last 24h −0.181%
Price spread now: Bybit against BingX+0.062%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1691.691% of the position
Funding, last 7 days−0.928%−$93 on $10k
+Price spread, last 7 days+0.149%+$15 · spread now +0.062%, 7d avg +0.108%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Bybit is 0.046% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.108%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.928% in total (about -48.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1291 | −0.0036 | get 0.0036% / 8h | 7h 20m | — | $2.7M | — |
| Short | Bybit MINAUSDT | 0.1291 | −0.1478 | pay 0.0739% / 4h | 3h 20m | $4.5M | $6.6M | 25x |
BingX MINA-USDT
Bybit MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$302.86
- Price spread: +0.062% → +0.108%
- −$4.56
- Slippage, 4 orders
- −$148.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$476.5
- Costs to cover
- 1.691%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 2 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, 14 min ago | 5.05 bp | 21.2 bp −$21 | 65.2 bp −$652 | 381.1 bp −$38.1K | 477.9 bp −$239.0K |
| Sell Bybit live order book, 2 min ago | 3.88 bp | 52.8 bp −$53 | 155.0 bp −$1,550 | 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 | −0.3324% | 1h | 0.1289 | −0.144% | $23K | $81K | 10x | as long as short |
| Bybit MINAUSDTshort | −0.1478% | 4h | 0.1291 | +0.062% | $4.5M | $6.6M | 25x | |
| Gate MINA_USDT | −0.0564% | 8h | 0.1289 | −0.132% | $418K | $948K | 50x | as long as short |
| BloFin MINA-USDT | −0.0345% | 8h | 0.1288 | −0.163% | $255K | $290K | 50x | as long as short |
| Binance MINAUSDT | −0.0341% | 8h | 0.1290 | −0.077% | $4.4M | $33.3M | 50x | as long as short |
| MEXC MINA_USDT | −0.0339% | 8h | 0.1289 | −0.124% | $1.2M | $1.4M | 50x | as long as short |
| Bitget MINAUSDT | −0.0243% | 8h | 0.1289 | −0.101% | $1.8M | $3.8M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0101% | 8h | 0.1289 | −0.116% | $768K | $501K | 30x | as long as short |
| BingX MINA-USDTlong | −0.0036% | 8h | 0.1291 | long leg | — | $2.7M | — | |
| OKX MINA-USDT-SWAP | +0.0048% | 4h | 0.1290 | −0.046% | $1.9M | $17.2M | 20x | as long as short |
Kraken Futures PF_MINAUSD
Gate MINA_USDT
BloFin MINA-USDT
Binance MINAUSDT
MEXC MINA_USDT
Bitget 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 | 0.1290 | −0.041% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1288 | −0.179% | $415K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA