Funding you earn now, next payment 00:00 UTC−0.1704%/8h= −186.6% APRnext payment −$17.04 per $10,000 · paid last 24h +0.046%
Price spread now: Gate against Bitget+0.096%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1361.365% of the position
Funding, last 7 days+0.371%+$37 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.096%, 7d avg +0.024%
=The price spread pays, funding is against you. Gate is 0.072% dearer against Bitget than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.024%): +$7 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.371%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.371% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.04 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 | 39.592 | 0.1781 | pay 0.1781% / 8h | 1h 33m | $1.3M | $2.8M | 20x |
| Short | Gate MINIMAX_USDT | 39.630 | 0.0077 | get 0.0077% / 8h | 1h 33m | $1.2M | $6.3M | 50x |
Bitget MINIMAXUSDT
Gate MINIMAX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$357.84
- Price spread: +0.096% → +0.024%
- $7.18
- Slippage, 4 orders
- −$109.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$487.14
- Costs to cover
- 1.365%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, just now.
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, 4 min ago | 2.40 bp | 22.3 bp −$22 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 3.79 bp | 40.2 bp −$40 | 233.6 bp −$2,336 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.630 | +0.096% | $16 | $3.9M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.615 | +0.058% | $37K | $70K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.596 | +0.010% | $99K | $4K | 10x | as long as short |
| Gate MINIMAX_USDTshort | +0.0077% | 8h | 39.630 | +0.096% | $1.2M | $6.3M | 50x | |
| Aster MINIMAXUSDT | +0.0399% | 8h | 39.568 | −0.060% | $34K | $152K | 20x | as long as short |
| Lighter MINIMAX | +0.0424% | 1h | 39.626 | +0.086% | $46K | $27K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0896% | 1h | 39.643 | +0.128% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.1167% | 8h | 39.610 | +0.045% | $937K | $1.4M | 25x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.1397% | 1h | 39.598 | +0.015% | $4.6M | $2.9M | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1731% | 8h | 39.620 | +0.071% | $1.6M | $9.5M | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Lighter MINIMAX
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
tradeXYZ xyz:MINIMAX
OKX MINIMAX-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDTlong | +0.1781% | 8h | 39.592 | long leg | $1.3M | $2.8M | 20x | |
| KuCoin MINIMAXUSDTM | +0.2102% | 4h | 39.590 | −0.005% | $100K | $44K | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.2934% | 4h | 39.602 | +0.026% | $545 | $139K | 10x | as long as short |
| Binance MINIMAXUSDT | +0.2991% | 4h | 39.597 | +0.013% | $6.3M | $35.1M | 25x | as long as short |
| Extended MINIMAX-USD | +0.2992% | 1h | 39.591 | −0.004% | $3K | — | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.2998% | 4h | 39.594 | +0.005% | $30K | $187K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.3447% | 1h | 39.580 | −0.030% | $30K | $44K | 5x | as long as short |
KuCoin MINIMAXUSDTM
GRVT MINIMAX_USDT_Perp
Binance MINIMAXUSDT
Extended MINIMAX-USD
edgeX MINIMAXUSDC
Ondo Perps MINIMAX-USD.P