Funding you earn now, next payment 08:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.116%
Price spread now: Bybit against Binance+0.079%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now +0.079%, 7d avg −0.007%
=The price spread pays, funding is against you. Bybit is 0.087% dearer against Binance than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.007%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.200% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.200% in total (about -10.4% 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 | Binance MINIMAXUSDT | 37.790 | 0.0446 | pay 0.0223% / 4h | 3h 29m | $6.3M | $30.8M | 25x |
| Short | Bybit MINIMAXUSDT | 37.820 | 0.0108 | get 0.0108% / 8h | 3h 29m | $928K | $1.0M | 25x |
Binance MINIMAXUSDT
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$71.11
- Price spread: +0.079% → −0.007%
- $8.66
- Slippage, 4 orders
- −$98.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$181.78
- Costs to cover
- 1.193%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 1 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 Binance live order book, 12 min ago | 1.32 bp | 10.9 bp −$11 | 40.5 bp −$405 | 197.2 bp −$19.7K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.97 bp | 52.9 bp −$53 | 386.5 bp −$3,865 | doesn't fit | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 37.830 | +0.106% | $1.4M | $3.8M | 50x | as long as short |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.760 | −0.079% | $446 | $126K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.810 | +0.053% | $15 | $2.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.774 | −0.042% | $42K | $219K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 37.758 | −0.085% | $42K | $25K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0050% | 1h | 37.775 | −0.040% | $4.4M | $2.9M | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.774 | −0.042% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 37.720 | −0.185% | $26K | $42K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.773 | −0.044% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDTshort | +0.0108% | 8h | 37.820 | +0.079% | $928K | $1.0M | 25x |
Gate MINIMAX_USDT
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
tradeXYZ xyz:MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MINIMAXUSDT | +0.0209% | 8h | 37.791 | +0.002% | $33K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0242% | 4h | 37.770 | −0.053% | $100K | $38K | 20x | as long as short |
| Binance MINIMAXUSDTlong | +0.0446% | 4h | 37.790 | long leg | $6.3M | $30.8M | 25x | |
| Extended MINIMAX-USD | +0.0464% | 1h | 37.767 | −0.060% | $3K | — | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0566% | 4h | 37.756 | −0.090% | $28K | $183K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0583% | 8h | 37.791 | +0.003% | $1.3M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1172% | 8h | 37.810 | +0.053% | $2.7M | $8.3M | 20x | as long as short |
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
edgeX MINIMAXUSDC
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP