Settings8H · net · $10k
Funding arb · Price arb /

MINA

all MINA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.065%
Price spread now: Bitget against Hyperliquid+0.016%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$980.983% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.325%+$32 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.016%, 7d avg +0.072%
Together, before fees+0.313%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.072%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.325%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MINA0.12880.0100pay 0.0013% / 1h51m 43s$3.6M$2.2M3x
ShortBitget MINAUSDT0.1288−0.0232pay 0.0232% / 8h6h 51m$1.8M$3.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$69.72
Price spread: +0.016% → +0.072%
−$5.69
Slippage, 4 orders
−$77.25
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$173.66
Costs to cover
0.983%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago2.71 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago8.55 bp22.6 bp −$2382.2 bp −$822doesn't fitdoesn't fit

MINA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MINAUSD−0.5008%1h0.1282−0.411%$23K$82K10xas long as short
Bybit MINAUSDT−0.1029%4h0.1289+0.109%$4.5M$6.5M25xas long as short
Gate MINA_USDT−0.0335%8h0.1286−0.109%$412K$939K50xas long as short
BloFin MINA-USDT−0.0314%8h0.1284−0.264%$255K$289K50xas long as short
Binance MINAUSDT−0.0308%8h0.12880.000%$4.4M$33.4M50xas long as short
MEXC MINA_USDT−0.0307%8h0.1287−0.070%$1.2M$1.4M50xas long as short
Bitget MINAUSDTshort−0.0232%8h0.1288+0.016%$1.8M$3.8M50x
KuCoin MINAUSDTM−0.0086%8h0.1286−0.124%$767K$506K30xas long as short
BingX MINA-USDT−0.0034%8h0.1288+0.054%$2.7Mas long as short
OKX MINA-USDT-SWAP+0.0042%4h0.12880.000%$1.9M$17.2M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MINAlong+0.0100%1h0.1288long leg$3.6M$2.2M3x
Variational Omni MINA+0.0100%4h0.1283−0.361%$413K$143Kas long as short