Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.24 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against BloFin−0.165%71s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$860.856% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.165%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.171% cheaper against BloFin than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of +0.006%). If the spread goes back, that is −$17 on $10k: about 23 days of funding at the current rate (+$1 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MINA-USDT | 0.1271 | −0.0047 | get 0.0047% / 8h | 4h 27m | $243K | $259K | 50x |
| Short | Binance MINAUSDT | 0.1269 | −0.0022 | pay 0.0022% / 8h | 4h 27m | $4.3M | $30.8M | 50x |
BloFin MINA-USDT
Binance MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $5.14
- Price spread: −0.165% → +0.006%
- −$17.14
- Slippage, 4 orders
- −$63.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$97.55
- Costs to cover
- 0.856%
- Break-even
- 139.9 days
Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 14 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 BloFin live order book, 4 min ago | 5.52 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.18 bp | 25.7 bp −$26 | 121.3 bp −$1,213 | 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 | −0.2591% | 1h | 0.1273 | +0.157% | $20K | $82K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0366% | 4h | 0.1269 | −0.165% | $1.8M | $15.4M | 20x | as long as short |
| Gate MINA_USDT | −0.0134% | 8h | 0.1270 | −0.110% | $403K | $823K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0085% | 8h | 0.1270 | −0.079% | $742K | $505K | 30x | as long as short |
| BloFin MINA-USDTlong | −0.0047% | 8h | 0.1271 | long leg | $243K | $259K | 50x | |
| Bybit MINAUSDT | −0.0046% | 4h | 0.1271 | +0.008% | $4.4M | $5.8M | 25x | as long as short |
| BingX MINA-USDT | −0.0031% | 8h | 0.1270 | −0.102% | — | $2.7M | — | as long as short |
| MEXC MINA_USDT | −0.0026% | 8h | 0.1269 | −0.173% | $1.1M | $1.3M | 50x | as long as short |
| Bitget MINAUSDT | −0.0024% | 8h | 0.1269 | −0.197% | $1.8M | $3.6M | 50x | as long as short |
| Binance MINAUSDTshort | −0.0022% | 8h | 0.1269 | −0.165% | $4.3M | $30.8M | 50x |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Gate MINA_USDT
KuCoin MINAUSDTM
Bybit MINAUSDT
BingX MINA-USDT
MEXC MINA_USDT
Bitget MINAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1269 | −0.181% | $3.2M | $2.3M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1270 | −0.057% | $409K | $86K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA