Funding you earn now, next payment 16:00 UTC+0.1265%/8h= +138.5% APRnext payment +$12.65 per $10,000 · paid last 24h +0.264%
Price spread now: OKX against Gate−0.028%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1591.585% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.028%, 7d avg +0.006%
=Funding pays, the price is against you. OKX is 0.034% cheaper against Gate than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.051% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.65 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 | 36.300 | 0 | get 0.0000% / 8h | 7h 30m | $1.3M | $2.9M | 50x |
| Short | OKX MINIMAX-USDT-SWAP | 36.290 | 0.1265 | get 0.1265% / 8h | 7h 30m | $2.8M | $7.8M | 20x |
Gate MINIMAX_USDT
OKX MINIMAX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $265.64
- Price spread: −0.028% → +0.006%
- −$3.4
- Slippage, 4 orders
- −$133.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $103.72
- Costs to cover
- 1.585%
- Break-even
- 4.3 days
Slippage from Gate: live order book, 2 min ago; OKX: 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 Gate live order book, 2 min ago | 4.14 bp | 64.9 bp −$65 | 263.7 bp −$2,637 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.38 bp | 22.4 bp −$22 | 89.0 bp −$890 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINIMAXUSDT | 0.0000% | 8h | 36.280 | −0.055% | $923K | $890K | 25x | as long as short |
| Gate MINIMAX_USDTlong | 0.0000% | 8h | 36.300 | long leg | $1.3M | $2.9M | 50x | |
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.260 | −0.110% | $15 | $1.2M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.150 | −0.413% | $52K | $253K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 36.240 | −0.165% | $40K | $23K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.218 | −0.226% | $91K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.295 | −0.013% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0187% | 1h | 36.243 | −0.157% | $4.8M | $3.3M | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0226% | 1h | 36.310 | +0.028% | $22K | $56K | 5x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0358% | 4h | 36.320 | +0.055% | $670 | $118K | 10x | as long as short |
Bybit MINIMAXUSDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
tradeXYZ xyz:MINIMAX
Ondo Perps MINIMAX-USD.P
GRVT MINIMAX_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MINIMAXUSDT | +0.0433% | 8h | 36.315 | +0.041% | $32K | $6K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0588% | 4h | 36.260 | −0.110% | $95K | $99K | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.0596% | 8h | 36.253 | −0.129% | $1.2M | $2.7M | 20x | as long as short |
| Binance MINIMAXUSDT | +0.0673% | 4h | 36.270 | −0.083% | $6.3M | $29.6M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0712% | 1h | 36.251 | −0.136% | $3K | — | 10x | as long as short |
| OKX MINIMAX-USDT-SWAPshort | +0.1265% | 8h | 36.290 | −0.028% | $2.8M | $7.8M | 20x | |
| edgeX MINIMAXUSDC | +0.1736% | 4h | 36.287 | −0.037% | $27K | $183K | 10x | as long as short |
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTM
Bitget MINIMAXUSDT
Binance MINIMAXUSDT
Extended MINIMAX-USD
edgeX MINIMAXUSDC