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Funding arb · Price arb /

MINA

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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0513%/8h= +56.1% APRpaid last 24h +0.141%
Price spread now: Hyperliquid against OKX−0.087%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1041.037% of the position
Long on OKXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days−0.273%−$27 on $10k
Price spread, last 7 days+0.044%+$4 · spread now −0.087%, 7d avg −0.068%
Together, before fees−0.229%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.273%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.273% in total (about -14.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MINA-USDT-SWAP0.1271−0.0413get 0.0206% / 4h4m 50s$1.8M$14.4M20x
ShortHyperliquid MINA0.12700.0100get 0.0013% / 1h4m 50s$3.2M$1.6M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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
$107.65
Price spread: −0.087% → −0.068%
−$1.9
Slippage, 4 orders
−$84.75
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$2.01
Costs to cover
1.037%
Break-even
6.9 days
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 7 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 OKX live order book, 3 min ago2.75 bp22.0 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago2.36 bp26.7 bp −$27doesn't fitdoesn'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−0.2590%1h0.1273+0.194%$20K$74K10xas long as short
OKX MINA-USDT-SWAPlong−0.0413%4h0.1271long leg$1.8M$14.4M20x
Gate MINA_USDT−0.0140%8h0.1269−0.110%$402K$833K50xas long as short
KuCoin MINAUSDTM−0.0039%8h0.1271+0.024%$742K$498K30xas long as short
Bitget MINAUSDT+0.0026%8h0.1269−0.157%$1.8M$3.4M50xas long as short
MEXC MINA_USDT+0.0035%8h0.1271+0.016%$1.1M$1.3M50xas long as short
Binance MINAUSDT+0.0039%8h0.1269−0.168%$4.3M$28.2M50xas long as short
BloFin MINA-USDT+0.0044%8h0.1271+0.008%$243K$234K50xas long as short
BingX MINA-USDT+0.0050%8h0.1270−0.087%—$2.7M—as long as short
Hyperliquid MINAshort+0.0100%1h0.1270−0.087%$3.2M$1.6M3x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MINAUSDT+0.0100%4h0.1270−0.024%$4.4M$5.4M25xas long as short
Variational Omni MINA+0.0100%4h0.1274+0.246%$410K$69K—as long as short