Funding you earn now, next payment 08:00 UTC−0.0430%/8h= −47.0% APRnext payment −$4.30 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against Bitget+0.024%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1351.349% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.024%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.30 per $10,000. 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 | Bitget MINIMAXUSDT | 38.231 | 0.1091 | pay 0.1091% / 8h | 5h 34m | $1.3M | $2.5M | 20x |
| Short | Bybit MINIMAXUSDT | 38.240 | 0.0661 | get 0.0661% / 8h | 5h 34m | $911K | $1.1M | 25x |
Bitget MINIMAXUSDT
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$90.21
- Price spread: +0.024% → +0.022%
- $0.18
- Slippage, 4 orders
- −$111.86
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$224.88
- Costs to cover
- 1.349%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 3.90 bp | 28.2 bp −$28 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.92 bp | 46.7 bp −$47 | 176.6 bp −$1,766 | 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 | 38.250 | +0.050% | $1.4M | $3.9M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.350 | +0.311% | $15 | $2.7M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.278 | +0.123% | $44K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.223 | −0.021% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.272 | +0.107% | $96K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.190 | −0.107% | $29K | $38K | 5x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0056% | 1h | 38.238 | +0.018% | $4.4M | $2.9M | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0079% | 4h | 38.372 | +0.370% | $29K | $184K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0323% | 8h | 38.320 | +0.232% | $34K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0328% | 1h | 38.310 | +0.207% | — | — | 10x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
tradeXYZ xyz:MINIMAX
edgeX MINIMAXUSDC
Aster MINIMAXUSDT
Aevo MINIMAX-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0410% | 4h | 38.250 | +0.050% | $97K | $37K | 20x | as long as short |
| Bybit MINIMAXUSDTshort | +0.0661% | 8h | 38.240 | +0.024% | $911K | $1.1M | 25x | |
| Binance MINIMAXUSDT | +0.0981% | 4h | 38.210 | −0.055% | $6.4M | $30.5M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0992% | 1h | 38.200 | −0.082% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDTlong | +0.1091% | 8h | 38.231 | long leg | $1.3M | $2.5M | 20x | |
| OKX MINIMAX-USDT-SWAP | +0.1246% | 8h | 38.240 | +0.024% | $2.2M | $8.1M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1292% | 4h | 38.388 | +0.410% | $468 | $124K | 10x | as long as short |
KuCoin MINIMAXUSDTM
Binance MINIMAXUSDT
Extended MINIMAX-USD
OKX MINIMAX-USDT-SWAP
GRVT MINIMAX_USDT_Perp