Funding you earn now, next payment 04:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h −0.056%
Price spread now: OKX against Bitget−0.054%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$890.893% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.054%, 7d avg −0.007%
=Funding pays, the price is against you. OKX is 0.048% cheaper against Bitget than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.007%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 | Bitget MINAUSDT | 0.1292 | −0.0215 | get 0.0215% / 8h | 7h 40m | $1.8M | $3.8M | 50x |
| Short | OKX MINA-USDT-SWAP | 0.1292 | 0.0035 | get 0.0018% / 4h | 3h 40m | $1.9M | $17.2M | 20x |
Bitget MINAUSDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $52.51
- Price spread: −0.054% → −0.007%
- −$4.76
- Slippage, 4 orders
- −$67.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$41.56
- Costs to cover
- 0.893%
- Break-even
- 12.5 days
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 3 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 Bitget live order book, 2 min ago | 5.03 bp | 21.5 bp −$22 | 61.3 bp −$613 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.71 bp | 23.0 bp −$23 | 121.8 bp −$1,218 | 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 | −0.3318% | 1h | 0.1291 | −0.088% | $24K | $86K | 10x | as long as short |
| Bybit MINAUSDT | −0.1206% | 4h | 0.1294 | +0.093% | $4.5M | $6.6M | 25x | as long as short |
| Gate MINA_USDT | −0.0398% | 8h | 0.1295 | +0.178% | $418K | $946K | 50x | as long as short |
| Binance MINAUSDT | −0.0320% | 8h | 0.1292 | −0.042% | $4.4M | $33.4M | 50x | as long as short |
| MEXC MINA_USDT | −0.0317% | 8h | 0.1292 | −0.023% | $1.2M | $1.4M | 50x | as long as short |
| BloFin MINA-USDT | −0.0294% | 8h | 0.1292 | −0.046% | $254K | $291K | 50x | as long as short |
| Bitget MINAUSDTlong | −0.0215% | 8h | 0.1292 | long leg | $1.8M | $3.8M | 50x | |
| KuCoin MINAUSDTM | −0.0078% | 8h | 0.1293 | +0.008% | $775K | $502K | 30x | as long as short |
| BingX MINA-USDT | −0.0023% | 8h | 0.1293 | +0.015% | — | $2.7M | — | as long as short |
| OKX MINA-USDT-SWAPshort | +0.0035% | 4h | 0.1292 | −0.054% | $1.9M | $17.2M | 20x |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Gate MINA_USDT
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
KuCoin MINAUSDTM
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1294 | +0.093% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1295 | +0.174% | $417K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA