Funding you earn now, next payment 00:00 UTC+0.0801%/8h= +87.7% APRnext payment +$4.00 per $10,000 · paid last 24h −0.118%
Price spread now: Binance against edgeX+0.318%80s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2112.106% of the position
Funding, last 7 days−0.343%−$34 on $10k
+Price spread, last 2 days (all we have)−0.120%−$12 · spread now +0.318%, 7d avg +0.044%
=Together, before fees−0.463%+ Points / potential airdropedgeX: Active · farm board−$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Binance is 0.275% dearer against edgeX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.343%, so the current rate has only just turned in your favour. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.343% in total (about -17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.00 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 | edgeX MINIMAXUSDC | 39.760 | 0.0908 | pay 0.0454% / 4h | 24m 05s | $30K | $186K | 10x |
| Short | Binance MINIMAXUSDT | 39.887 | 0.1709 | get 0.0855% / 4h | 24m 05s | $6.4M | $35.4M | 25x |
edgeX MINIMAXUSDC
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- $168.16
- Price spread: +0.318% → +0.044%
- $27.46
- Slippage, 4 orders
- −$191.55
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.94
- Costs to cover
- 2.106%
- Break-even
- 7.6 days
Slippage from edgeX: live order book, 53 min ago; Binance: live order book, 3 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 edgeX live order book, 53 min ago | 12.61 bp | 93.3 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.25 bp | 10.9 bp −$11 | 24.4 bp −$244 | 179.8 bp −$18.0K | 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 | 39.900 | +0.351% | $1.2M | $6.2M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.900 | +0.351% | $16 | $3.9M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.855 | +0.238% | $38K | $71K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 39.873 | +0.283% | $46K | $27K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.845 | +0.213% | $100K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0262% | 8h | 39.684 | −0.192% | $34K | $152K | 20x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0642% | 1h | 39.849 | +0.223% | $4.6M | $2.9M | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0775% | 8h | 39.880 | +0.301% | $943K | $1.4M | 25x | as long as short |
| Aevo MINIMAX-PERP | +0.0776% | 1h | 39.870 | +0.275% | — | — | 10x | as long as short |
| edgeX MINIMAXUSDClong | +0.0908% | 4h | 39.760 | long leg | $30K | $186K | 10x |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
tradeXYZ xyz:MINIMAX
Bybit MINIMAXUSDT
Aevo MINIMAX-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MINIMAX-USD.P | +0.1125% | 1h | 39.840 | +0.200% | $30K | $48K | 5x | as long as short |
| KuCoin MINIMAXUSDTM | +0.1192% | 4h | 39.740 | −0.051% | $100K | $44K | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1420% | 4h | 39.830 | +0.175% | $333 | $137K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.1460% | 8h | 39.880 | +0.301% | $1.3M | $2.8M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1492% | 8h | 39.920 | +0.401% | $1.7M | $9.7M | 20x | as long as short |
| Binance MINIMAXUSDTshort | +0.1709% | 4h | 39.887 | +0.318% | $6.4M | $35.4M | 25x | |
| Extended MINIMAX-USD | +0.1712% | 1h | 39.862 | +0.255% | $3K | — | 10x | as long as short |
Ondo Perps MINIMAX-USD.P
KuCoin MINIMAXUSDTM
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
Extended MINIMAX-USD