MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0542%/8h= +59.4% APRnext payment +$5.42 per $10,000 · paid last 24h +0.069%

Price spread now: Bitget against Bybit−0.056%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1101.095% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.056%, 7d avg −0.023%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.033% cheaper against Bybit than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.011% in total) that is about 21 days.

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 +$5.42 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	Bybit MINIMAXUSDT	37.790	0.0178	pay 0.0178% / 8h	3h 51m	$924K	$1.1M	25x
Short	Bitget MINIMAXUSDT	37.769	0.0720	get 0.0720% / 8h	3h 51m	$1.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now −0.056%Rate

Funding earned: $113.83
Price spread: −0.056% → −0.023%: −$3.3
Slippage, 4 orders: −$86.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $1.02
Costs to cover: 1.095%
Break-even: 6.9 days

Slippage from Bybit: live order book, 4 min ago; Bitget: 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 Bybit live order book, 4 min ago	6.62 bp	30.8 bp −$31	172.7 bp −$1,727	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.78 bp	24.4 bp −$24	42.9 bp −$429	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	37.810	+0.053%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.001%	$456	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.790	0.000%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.727	−0.167%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.758	−0.085%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.777	−0.034%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.600	−0.503%	$26K	$41K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.783	−0.017%	—	—	10x	as long as short
Bybit MINIMAXUSDTlong	+0.0178%	8h	37.790	long leg	$924K	$1.1M	25x
tradeXYZ xyz:MINIMAX	+0.0240%	1h	37.771	−0.050%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0293%	8h	37.784	−0.017%	$33K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0430%	4h	37.790	0.000%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0701%	4h	37.780	−0.026%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0712%	1h	37.769	−0.054%	$3K	—	10x	as long as short
Bitget MINIMAXUSDTshort	+0.0720%	8h	37.769	−0.056%	$1.3M	$2.7M	20x
OKX MINIMAX-USDT-SWAP	+0.1310%	8h	37.790	0.000%	$2.6M	$8.2M	20x	as long as short
edgeX MINIMAXUSDC	+0.1709%	4h	37.768	−0.057%	$28K	$183K	10x	as long as short