Funding you earn now, next payment 05:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.241%
Price spread now: tradeXYZ against Gate−0.180%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1351.353% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.180%, 7d avg −0.078%
=Together, before fees+0.263%+ Points / potential airdroptradeXYZ: Active · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.102% cheaper against Gate than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.078%). If the spread goes back, that is −$10 on $10k: about 19 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.183% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% a year). A funding rate is set anew for every payment. 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 | 37.870 | 0 | get 0.0000% / 8h | 3h 43m | $1.4M | $3.8M | 50x |
| Short | tradeXYZ xyz:MINIMAX | 37.802 | 0.0428 | get 0.0054% / 1h | 43m 26s | $4.4M | $2.9M | 10x |
Gate MINIMAX_USDT
tradeXYZ xyz:MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $89.91
- Price spread: −0.180% → −0.078%
- −$10.16
- Slippage, 4 orders
- −$102.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$55.51
- Costs to cover
- 1.353%
- Break-even
- 11.3 days
Slippage from Gate: live order book, 5 min ago; tradeXYZ: live order book, 5 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 | 3.96 bp | 29.2 bp −$29 | 209.4 bp −$2,094 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 1.19 bp | 17.1 bp −$17 | doesn't fit | 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 | 37.870 | long leg | $1.4M | $3.8M | 50x | |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.880 | +0.026% | $452 | $126K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.930 | +0.158% | $15 | $2.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.869 | −0.003% | $43K | $219K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 37.833 | −0.098% | $42K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.874 | +0.011% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 37.890 | +0.053% | $26K | $42K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.807 | −0.167% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0177% | 8h | 37.880 | +0.026% | $927K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0259% | 8h | 37.832 | −0.101% | $34K | $150K | 20x | as long as short |
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | +0.0366% | 4h | 37.850 | −0.052% | $29K | $184K | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0416% | 4h | 37.860 | −0.026% | $100K | $39K | 20x | as long as short |
| tradeXYZ xyz:MINIMAXshort | +0.0428% | 1h | 37.802 | −0.180% | $4.4M | $2.9M | 10x | |
| Extended MINIMAX-USD | +0.0672% | 1h | 37.807 | −0.166% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0674% | 4h | 37.817 | −0.139% | $6.3M | $30.8M | 25x | as long as short |
| Bitget MINIMAXUSDT | +0.0699% | 8h | 37.819 | −0.135% | $1.3M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1276% | 8h | 37.810 | −0.158% | $2.6M | $8.3M | 20x | as long as short |
edgeX MINIMAXUSDC
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP