Funding you earn now, next payment 04:00 UTC−0.0456%/8h= −49.9% APRpaid last 24h −0.084%
Price spread now: OKX against BingX−0.110%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days−0.523%−$52 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.110%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.064% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1270 | 0.0050 | pay 0.0050% / 8h | 4h 02m | — | $2.7M | — |
| Short | OKX MINA-USDT-SWAP | 0.1269 | −0.0406 | pay 0.0203% / 4h | 2m 55s | $1.8M | $14.4M | 20x |
BingX MINA-USDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$95.78
- Price spread: −0.110% → −0.047%
- −$6.35
- Slippage, 4 orders
- −$80.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$202.56
- Costs to cover
- 1.004%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; OKX: live order book, just now.
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, 7 min ago | 6.28 bp | 26.2 bp −$26 | 91.5 bp −$915 | 413.5 bp −$41.4K | 493.5 bp −$246.7K |
| Sell OKX live order book, just now | 0.79 bp | 22.3 bp −$22 | 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 | −0.2594% | 1h | 0.1271 | +0.093% | $20K | $74K | 10x | as long as short |
| OKX MINA-USDT-SWAPshort | −0.0406% | 4h | 0.1269 | −0.110% | $1.8M | $14.4M | 20x | |
| Gate MINA_USDT | −0.0141% | 8h | 0.1270 | −0.039% | $402K | $833K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0034% | 8h | 0.1268 | −0.157% | $740K | $496K | 30x | as long as short |
| Bitget MINAUSDT | +0.0031% | 8h | 0.1270 | −0.024% | $1.8M | $3.4M | 50x | as long as short |
| MEXC MINA_USDT | +0.0042% | 8h | 0.1268 | −0.173% | $1.1M | $1.3M | 50x | as long as short |
| Binance MINAUSDT | +0.0046% | 8h | 0.1268 | −0.142% | $4.3M | $28.1M | 50x | as long as short |
| BingX MINA-USDTlong | +0.0050% | 8h | 0.1270 | long leg | — | $2.7M | — | |
| BloFin MINA-USDT | +0.0052% | 8h | 0.1268 | −0.157% | $242K | $233K | 50x | as long as short |
| Hyperliquid MINA | +0.0100% | 1h | 0.1268 | −0.142% | $3.2M | $1.6M | 3x | as long as short |
Kraken Futures PF_MINAUSD
Gate MINA_USDT
KuCoin MINAUSDTM
Bitget MINAUSDT
MEXC MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Hyperliquid MINAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINAUSDT | +0.0100% | 4h | 0.1270 | +0.016% | $4.4M | $5.4M | 25x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1274 | +0.293% | $410K | $69K | — | as long as short |
Bybit MINAUSDT
Variational Omni MINA