Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h −0.017%
Price spread now: KuCoin against BingX−0.086%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2272.269% of the position
Funding, last 7 days−0.505%−$50 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.086%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.021% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1272 | −0.0056 | get 0.0056% / 8h | 1h 10m | — | $2.7M | — |
| Short | KuCoin MINAUSDTM | 0.1271 | −0.0105 | pay 0.0105% / 8h | 1h 10m | $766K | $506K | 30x |
BingX MINA-USDT
KuCoin MINAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$10.29
- Price spread: −0.086% → −0.066%
- −$2.09
- Slippage, 4 orders
- −$204.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$239.3
- Costs to cover
- 2.269%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 63 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 | 5.49 bp | 21.5 bp −$21 | 66.1 bp −$661 | 357.1 bp −$35.7K | 449.5 bp −$224.7K |
| Sell KuCoin live order book, 63 min ago | 14.54 bp | 92.4 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.1805% | 1h | 0.1273 | +0.049% | $24K | $88K | 10x | as long as short |
| BloFin MINA-USDT | −0.0401% | 8h | 0.1271 | −0.086% | $251K | $291K | 50x | as long as short |
| Binance MINAUSDT | −0.0380% | 8h | 0.1271 | −0.110% | $4.4M | $33.8M | 50x | as long as short |
| MEXC MINA_USDT | −0.0377% | 8h | 0.1271 | −0.118% | $1.2M | $1.5M | 50x | as long as short |
| OKX MINA-USDT-SWAP | −0.0282% | 4h | 0.1271 | −0.079% | $1.9M | $17.0M | 20x | as long as short |
| Bitget MINAUSDT | −0.0244% | 8h | 0.1274 | +0.134% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0197% | 8h | 0.1274 | +0.094% | $410K | $971K | 50x | as long as short |
| Bybit MINAUSDT | −0.0135% | 4h | 0.1273 | +0.055% | $4.4M | $6.7M | 25x | as long as short |
| KuCoin MINAUSDTMshort | −0.0105% | 8h | 0.1271 | −0.086% | $766K | $506K | 30x | |
| BingX MINA-USDTlong | −0.0056% | 8h | 0.1272 | long leg | — | $2.7M | — |
Kraken Futures PF_MINAUSD
BloFin MINA-USDT
Binance MINAUSDT
MEXC MINA_USDT
OKX MINA-USDT-SWAP
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1272 | −0.024% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1274 | +0.116% | $410K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA