Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against BloFin−0.109%94s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$540.540% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)−0.159%−$16 · spread now −0.109%, 7d avg +0.004%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.113% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 94 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 | 0.1285 | −0.0297 | get 0.0297% / 8h | 7h 59m | $253K | $294K | 50x |
| Short | MEXC MINA_USDT | 0.1283 | −0.0311 | pay 0.0311% / 8h | 7h 59m | $1.2M | $1.4M | 50x |
BloFin MINA-USDT
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$3.01
- Price spread: −0.109% → +0.004%
- −$11.3
- Slippage, 4 orders
- −$37.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$68.29
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; MEXC: live order book, 2 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, 10 min ago | 0.78 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.95 bp | 7.2 bp −$7 | 47.4 bp −$474 | 89.4 bp −$8,942 | 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 | −0.2371% | 1h | 0.1280 | −0.314% | $23K | $86K | 10x | as long as short |
| MEXC MINA_USDTshort | −0.0311% | 8h | 0.1283 | −0.109% | $1.2M | $1.4M | 50x | |
| Binance MINAUSDT | −0.0309% | 8h | 0.1284 | −0.008% | $4.5M | $33.4M | 50x | as long as short |
| BloFin MINA-USDTlong | −0.0297% | 8h | 0.1285 | long leg | $253K | $294K | 50x | |
| Bitget MINAUSDT | −0.0200% | 8h | 0.1285 | +0.023% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0171% | 8h | 0.1283 | −0.125% | $414K | $945K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0074% | 8h | 0.1283 | −0.148% | $770K | $502K | 30x | as long as short |
| BingX MINA-USDT | −0.0014% | 8h | 0.1284 | −0.016% | — | $2.7M | — | as long as short |
| OKX MINA-USDT-SWAP | −0.0013% | 4h | 0.1285 | +0.023% | $1.9M | $17.1M | 20x | as long as short |
| Hyperliquid MINA | +0.0100% | 1h | 0.1285 | +0.054% | $3.7M | $2.2M | 3x | as long as short |
Kraken Futures PF_MINAUSD
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTM
BingX MINA-USDT
OKX MINA-USDT-SWAP
Hyperliquid MINAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINAUSDT | +0.0100% | 4h | 0.1286 | +0.093% | $4.5M | $6.6M | 25x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1286 | +0.092% | $413K | $143K | — | as long as short |
Bybit MINAUSDT
Variational Omni MINA