Funding you earn now, next payment 00:00 UTC+0.1653%/8h= +181.0% APRnext payment +$16.53 per $10,000 · paid last 24h −0.046%
Price spread now: Bitget against Gate−0.078%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1881.879% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.078%, 7d avg −0.024%
=Funding pays, the price is against you. Bitget is 0.054% cheaper against Gate than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.024%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$50 a day). Mind the row above: over the last 7 days funding on this pair cost −0.371%, so the current rate has only just turned in your favour.
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 +$16.53 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 | Gate MINIMAX_USDT | 39.590 | 0.0222 | pay 0.0222% / 8h | 2h 28m | $1.2M | $6.2M | 50x |
| Short | Bitget MINIMAXUSDT | 39.559 | 0.1875 | get 0.1875% / 8h | 2h 28m | $1.2M | $2.8M | 20x |
Gate MINIMAX_USDT
Bitget MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $347.13
- Price spread: −0.078% → −0.024%
- −$5.4
- Slippage, 4 orders
- −$160.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $153.82
- Costs to cover
- 1.879%
- Break-even
- 3.9 days
Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 4 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 Gate live order book, 5 min ago | 13.90 bp | 86.4 bp −$86 | 233.6 bp −$2,336 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.92 bp | 26.2 bp −$26 | 31.9 bp −$319 | 80.0 bp −$7,998 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.579 | −0.028% | $36K | $68K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.569 | −0.053% | $99K | $4K | 10x | as long as short |
| Gate MINIMAX_USDTlong | +0.0222% | 8h | 39.590 | long leg | $1.2M | $6.2M | 50x | |
| Aster MINIMAXUSDT | +0.0484% | 8h | 39.364 | −0.570% | $34K | $152K | 20x | as long as short |
| SunX MINIMAX-USDT | +0.0559% | 4h | 39.620 | +0.076% | $16 | $3.9M | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0720% | 1h | 39.632 | +0.105% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.1575% | 8h | 39.570 | −0.051% | $947K | $1.4M | 25x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1668% | 8h | 39.620 | +0.076% | $1.6M | $9.5M | 20x | as long as short |
| Bitget MINIMAXUSDTshort | +0.1875% | 8h | 39.559 | −0.078% | $1.2M | $2.8M | 20x | |
| KuCoin MINIMAXUSDTM | +0.2392% | 4h | 39.560 | −0.076% | $100K | $44K | 20x | as long as short |
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
SunX MINIMAX-USDT
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MINIMAX | +0.2592% | 1h | 39.585 | −0.013% | $46K | $29K | 10x | as long as short |
| Extended MINIMAX-USD | +0.3544% | 1h | 39.584 | −0.014% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.3547% | 4h | 39.560 | −0.076% | $6.3M | $34.9M | 25x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.4071% | 1h | 39.527 | −0.159% | $4.6M | $2.9M | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.4507% | 4h | 39.523 | −0.168% | $30K | $188K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.5422% | 4h | 39.540 | −0.126% | $929 | $139K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.6690% | 1h | 39.480 | −0.278% | $28K | $42K | 5x | as long as short |
Lighter MINIMAX
Extended MINIMAX-USD
Binance MINIMAXUSDT
tradeXYZ xyz:MINIMAX
edgeX MINIMAXUSDC
GRVT MINIMAX_USDT_Perp
Ondo Perps MINIMAX-USD.P