Funding you earn now, next payment 08:00 UTC+0.0694%/8h= +76.0% APRnext payment +$6.94 per $10,000 · paid last 24h +0.091%
Price spread now: Bybit against Gate+0.026%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1561.561% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.026%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bybit is 0.030% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.162%, 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 -0.162% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.94 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 | 38.450 | 0 | get 0.0000% / 8h | 5h 36m | $1.4M | $3.9M | 50x |
| Short | Bybit MINIMAXUSDT | 38.460 | 0.0694 | get 0.0694% / 8h | 5h 36m | $917K | $1.1M | 25x |
Gate MINIMAX_USDT
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $145.75
- Price spread: +0.026% → −0.004%
- $2.98
- Slippage, 4 orders
- −$130.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$7.33
- Costs to cover
- 1.561%
- Break-even
- 7.4 days
Slippage from Gate: live order book, 1 min ago; Bybit: 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, 1 min ago | 7.82 bp | 47.6 bp −$48 | 229.2 bp −$2,292 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.55 bp | 25.6 bp −$26 | 192.8 bp −$1,928 | 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_USDTlong | 0.0000% | 8h | 38.450 | long leg | $1.4M | $3.9M | 50x | |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.420 | −0.078% | $15 | $2.7M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.386 | −0.166% | $44K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.441 | −0.023% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.404 | −0.120% | $96K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.190 | −0.676% | $29K | $38K | 5x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0100% | 1h | 38.421 | −0.075% | $4.4M | $2.8M | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0332% | 8h | 38.504 | +0.140% | $34K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0336% | 1h | 38.410 | −0.105% | — | — | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0374% | 4h | 38.015 | −1.132% | $29K | $183K | 10x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
tradeXYZ xyz:MINIMAX
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
edgeX MINIMAXUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0424% | 4h | 38.410 | −0.104% | $97K | $37K | 20x | as long as short |
| Bybit MINIMAXUSDTshort | +0.0694% | 8h | 38.460 | +0.026% | $917K | $1.1M | 25x | |
| Binance MINIMAXUSDT | +0.1016% | 4h | 38.410 | −0.104% | $6.4M | $30.8M | 25x | as long as short |
| Extended MINIMAX-USD | +0.1024% | 1h | 38.399 | −0.132% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.1111% | 8h | 38.436 | −0.036% | $1.3M | $2.5M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1254% | 8h | 38.460 | +0.026% | $2.2M | $8.2M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1350% | 4h | 38.268 | −0.474% | $467 | $124K | 10x | as long as short |
KuCoin MINIMAXUSDTM
Binance MINIMAXUSDT
Extended MINIMAX-USD
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
GRVT MINIMAX_USDT_Perp