Funding you earn now, next payment 04:00 UTC+0.0868%/8h= +95.1% APRpaid last 24h +0.029%
Price spread now: OKX against Binance+0.126%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.126%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and OKX is 0.047% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% 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 | Binance MINIMAXUSDT | 39.570 | 0.0247 | pay 0.0124% / 4h | 3h 25m | $6.5M | $35.6M | 25x |
| Short | OKX MINIMAX-USDT-SWAP | 39.620 | 0.1115 | get 0.1115% / 8h | 7h 25m | $1.7M | $9.6M | 20x |
Binance MINIMAXUSDT
OKX MINIMAX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $182.33
- Price spread: +0.126% → +0.079%
- $4.75
- Slippage, 4 orders
- −$41.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $125.76
- Costs to cover
- 0.613%
- Break-even
- 2.2 days
Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago | 1.26 bp | 14.8 bp −$15 | 40.5 bp −$405 | 181.9 bp −$18.2K | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.26 bp | 12.8 bp −$13 | 162.7 bp −$1,627 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MINIMAX | −0.0579% | 1h | 39.551 | −0.048% | $4.6M | $3.0M | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | −0.0332% | 4h | 39.540 | −0.076% | $393 | $133K | 10x | as long as short |
| edgeX MINIMAXUSDC | −0.0269% | 4h | 39.558 | −0.030% | $30K | $186K | 10x | as long as short |
| Bybit MINIMAXUSDT | 0.0000% | 8h | 39.580 | +0.025% | $937K | $1.4M | 25x | as long as short |
| Gate MINIMAX_USDT | 0.0000% | 8h | 39.580 | +0.025% | $1.2M | $6.2M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.590 | +0.051% | $16 | $3.8M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.594 | +0.061% | $37K | $69K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 39.566 | −0.010% | $46K | $27K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.557 | −0.033% | $99K | $4K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 39.440 | −0.329% | $30K | $48K | 5x | as long as short |
tradeXYZ xyz:MINIMAX
GRVT MINIMAX_USDT_Perp
edgeX MINIMAXUSDC
Bybit MINIMAXUSDT
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0100% | 4h | 39.590 | +0.051% | $100K | $43K | 20x | as long as short |
| Aster MINIMAXUSDT | +0.0163% | 8h | 39.589 | +0.049% | $35K | $152K | 20x | as long as short |
| Binance MINIMAXUSDTlong | +0.0247% | 4h | 39.570 | long leg | $6.5M | $35.6M | 25x | |
| Extended MINIMAX-USD | +0.0248% | 1h | 39.549 | −0.052% | $3K | — | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0512% | 1h | 39.549 | −0.053% | — | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0944% | 8h | 39.573 | +0.008% | $1.2M | $2.8M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAPshort | +0.1115% | 8h | 39.620 | +0.126% | $1.7M | $9.6M | 20x |
KuCoin MINIMAXUSDTM
Aster MINIMAXUSDT
Extended MINIMAX-USD
Aevo MINIMAX-PERP
Bitget MINIMAXUSDT