Funding you earn now, next payment 04:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h +0.005%
Price spread now: OKX against BloFin+0.039%53s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as 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−$1021.018% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.474%−$47 · spread now +0.039%, 7d avg +0.019%
=The price spread pays, funding is against you. OKX is 0.021% dearer against BloFin than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.019%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 53 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 0.007% in total (about 0.3% 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 | 0.1270 | −0.0060 | get 0.0060% / 8h | 4h 46m | $246K | $259K | 50x |
| Short | OKX MINA-USDT-SWAP | 0.1270 | −0.0386 | pay 0.0193% / 4h | 46m 16s | $1.8M | $15.8M | 20x |
BloFin MINA-USDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$68.47
- Price spread: +0.039% → +0.019%
- $2.07
- Slippage, 4 orders
- −$79.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$168.18
- Costs to cover
- 1.018%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; OKX: 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, 53 min ago | 13.03 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.15 bp | 22.3 bp −$22 | 127.9 bp −$1,279 | 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 | −0.2589% | 1h | 0.1274 | +0.350% | $20K | $82K | 10x | as long as short |
| OKX MINA-USDT-SWAPshort | −0.0386% | 4h | 0.1270 | +0.039% | $1.8M | $15.8M | 20x | |
| Bybit MINAUSDT | −0.0181% | 4h | 0.1272 | +0.221% | $4.4M | $5.9M | 25x | as long as short |
| Gate MINA_USDT | −0.0166% | 8h | 0.1270 | 0.000% | $403K | $819K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0125% | 8h | 0.1271 | +0.095% | $743K | $509K | 30x | as long as short |
| MEXC MINA_USDT | −0.0079% | 8h | 0.1272 | +0.205% | $1.1M | $1.3M | 50x | as long as short |
| Binance MINAUSDT | −0.0075% | 8h | 0.1271 | +0.126% | $4.3M | $31.3M | 50x | as long as short |
| Bitget MINAUSDT | −0.0065% | 8h | 0.1270 | +0.008% | $1.8M | $3.6M | 50x | as long as short |
| BloFin MINA-USDTlong | −0.0060% | 8h | 0.1270 | long leg | $246K | $259K | 50x | |
| BingX MINA-USDT | −0.0058% | 8h | 0.1272 | +0.158% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTM
MEXC MINA_USDT
Binance MINAUSDT
Bitget MINAUSDT
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 | 0.1271 | +0.095% | $3.2M | $2.5M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1270 | +0.061% | $409K | $86K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA