Settings8H · net · $10k
Funding arb · Price arb /

MINA

all MINA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.057%
Price spread now: Hyperliquid against BingX−0.085%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$990.992% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.790%−$79 on $10k
Price spread, last 7 days−0.024%−$2 · spread now −0.085%, 7d avg −0.114%
Together, before fees−0.814%+ Points / potential airdropHyperliquid: Season 2 · farm board−$81 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.029% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.114%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MINA-USDT0.12930.0063pay 0.0063% / 8h3h 34m$2.6M
ShortHyperliquid MINA0.12920.0059get 0.0007% / 1h34m 27s$3.3M$1.6M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.92
Price spread: −0.085% → −0.114%
$2.87
Slippage, 4 orders
−$80.18
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$97.23
Costs to cover
0.992%
Break-even
never at this rate
Slippage from BingX: live order book, 15 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 15 min ago4.62 bp22.1 bp −$2289.8 bp −$898387.1 bp −$38.7K491.2 bp −$245.6K
Sell Hyperliquid live order book, 7 min ago2.69 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit

MINA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MINAUSDT−0.0758%4h0.1294+0.070%$4.4M$5.3M25xas long as short
OKX MINA-USDT-SWAP−0.0415%4h0.1292−0.023%$1.8M$13.9M20xas long as short
Gate MINA_USDT−0.0149%8h0.1292−0.046%$414K$742K50xas long as short
KuCoin MINAUSDTM+0.0007%8h0.1290−0.178%$760K$496K30xas long as short
Bitget MINAUSDT+0.0041%8h0.1291−0.108%$1.8M$3.4M50xas long as short
Binance MINAUSDT+0.0048%8h0.1293−0.015%$4.3M$26.9M50xas long as short
MEXC MINA_USDT+0.0053%8h0.1291−0.132%$1.1M$1.2M50xas long as short
Hyperliquid MINAshort+0.0059%1h0.1292−0.085%$3.3M$1.6M3x
BingX MINA-USDTlong+0.0063%8h0.1293long leg$2.6M
BloFin MINA-USDT+0.0071%8h0.1290−0.201%$245K$228K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MINA+0.0100%4h0.1293−0.010%$418K$69Kas long as short
Kraken Futures PF_MINAUSD+0.1337%1h0.1290−0.201%$20K$69K10xas long as short