Funding you earn now, next payment 00:00 UTC−0.0590%/8h= −64.6% APRpaid last 24h −0.103%
Price spread now: Bybit against BloFin+0.517%112s7-day average +0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as 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−$1651.653% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 3 days (all we have)−0.795%−$79 · spread now +0.517%, 7d avg +0.177%
=The price spread pays, funding is against you. Bybit is 0.340% dearer against BloFin than usual: you sell high and buy low (spread +0.517% now, against its 7-day average of +0.177%): +$34 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.392% in total) that is about 6.1 days. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.392% in total (about -20.4% 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 | BloFin MINA-USDT | 0.1296 | −0.0441 | get 0.0441% / 8h | 2h 45m | $265K | $345K | 50x |
| Short | Bybit MINAUSDT | 0.1302 | −0.1031 | pay 0.0515% / 4h | 2h 45m | $4.6M | $6.8M | 25x |
BloFin MINA-USDT
Bybit MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$123.86
- Price spread: +0.517% → +0.177%
- $34
- Slippage, 4 orders
- −$142.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$255.21
- Costs to cover
- 1.653%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 39 min ago; Bybit: 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 BloFin live order book, 39 min ago | 4.63 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.84 bp | 59.8 bp −$60 | 179.6 bp −$1,796 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINAUSDTshort | −0.1031% | 4h | 0.1302 | +0.517% | $4.6M | $6.8M | 25x | |
| Kraken Futures PF_MINAUSD | −0.0698% | 1h | 0.1299 | +0.225% | $28K | $85K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0611% | 4h | 0.1300 | +0.309% | $2.0M | $17.6M | 20x | as long as short |
| BloFin MINA-USDTlong | −0.0441% | 8h | 0.1296 | long leg | $265K | $345K | 50x | |
| MEXC MINA_USDT | −0.0422% | 8h | 0.1299 | +0.286% | $1.3M | $1.5M | 50x | as long as short |
| Binance MINAUSDT | −0.0422% | 8h | 0.1299 | +0.265% | $4.6M | $34.0M | 50x | as long as short |
| Gate MINA_USDT | −0.0258% | 8h | 0.1299 | +0.270% | $424K | $974K | 50x | as long as short |
| Bitget MINAUSDT | −0.0251% | 8h | 0.1298 | +0.208% | $1.9M | $3.8M | 50x | as long as short |
| BingX MINA-USDT | −0.0201% | 8h | 0.1300 | +0.324% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTM | +0.0041% | 8h | 0.1298 | +0.178% | $817K | $502K | 30x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
MEXC MINA_USDT
Binance MINAUSDT
Gate MINA_USDT
Bitget MINAUSDT
BingX MINA-USDT
KuCoin MINAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1299 | +0.262% | $3.8M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1301 | +0.410% | $422K | $146K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA