Funding you earn now, next payment 16:00 UTC−0.0896%/8h= −98.1% APRnext payment −$8.96 per $10,000 · paid last 24h −0.021%
Price spread now: Gate against BingX+0.110%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1351.346% of the position
Funding, last 7 days−0.376%−$38 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.110%, 7d avg −0.030%
=The price spread pays, funding is against you. Gate is 0.140% dearer against BingX than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.030%): +$14 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.376% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.376% in total (about -19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.96 per $10,000. 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 | 0.1362 | −0.0068 | get 0.0068% / 8h | 7h 05m | — | $2.5M | — |
| Short | Gate MINA_USDT | 0.1363 | −0.0964 | pay 0.0964% / 8h | 7h 05m | $444K | $554K | 50x |
BingX MINA-USDT
Gate MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$188.16
- Price spread: +0.110% → −0.030%
- $13.97
- Slippage, 4 orders
- −$109.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$308.78
- Costs to cover
- 1.346%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Gate: live order book, 26 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, 4 min ago | 5.20 bp | 20.6 bp −$21 | 92.9 bp −$929 | 374.4 bp −$37.4K | 464.4 bp −$232.2K |
| Sell Gate live order book, 26 min ago | 7.74 bp | 45.0 bp −$45 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINA_USDTshort | −0.0964% | 8h | 0.1363 | +0.110% | $444K | $554K | 50x | |
| OKX MINA-USDT-SWAP | −0.0819% | 4h | 0.1361 | −0.037% | $1.9M | $9.4M | 20x | as long as short |
| Hyperliquid MINA | −0.0612% | 1h | 0.1358 | −0.272% | $3.3M | $1.4M | 3x | as long as short |
| Binance MINAUSDT | −0.0571% | 8h | 0.1360 | −0.147% | $4.5M | $18.6M | 50x | as long as short |
| MEXC MINA_USDT | −0.0567% | 8h | 0.1359 | −0.220% | $1.3M | $1.1M | 50x | as long as short |
| BloFin MINA-USDT | −0.0551% | 8h | 0.1343 | −1.358% | $256K | $161K | 50x | as long as short |
| Bitget MINAUSDT | −0.0540% | 8h | 0.1360 | −0.162% | $1.9M | $2.7M | 50x | as long as short |
| Kraken Futures PF_MINAUSD | −0.0503% | 1h | 0.1358 | −0.267% | $22K | $51K | 10x | as long as short |
| KuCoin MINAUSDTM | −0.0443% | 8h | 0.1360 | −0.154% | $809K | $365K | 30x | as long as short |
| Bybit MINAUSDT | −0.0231% | 4h | 0.1364 | +0.162% | $4.8M | $4.1M | 25x | as long as short |
OKX MINA-USDT-SWAP
Hyperliquid MINA
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
Bitget MINAUSDT
Kraken Futures PF_MINAUSD
KuCoin MINAUSDTM
Bybit MINAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDTlong | −0.0068% | 8h | 0.1362 | long leg | — | $2.5M | — | |
| Variational Omni MINA | +0.0100% | 4h | 0.1365 | +0.211% | $442K | $58K | — | as long as short |
Variational Omni MINA