Funding you earn now, next payment 08:00 UTC−0.0878%/8h= −96.1% APRnext payment −$4.39 per $10,000 · paid last 24h −0.178%
Price spread now: SunX against GRVT+0.271%46s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as 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−$2022.021% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.271%, 7d avg +0.104%
=Together, before fees−0.312%+ Points / potential airdropGRVT: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.167% dearer against GRVT than usual: you sell high and buy low (spread +0.271% now, against its 7-day average of +0.104%): +$17 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.244% in total) that is about 4.8 days. The two prices were read 46 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 -0.244% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.39 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 | GRVT MINIMAX_USDT_Perp | 36.930 | 0.0878 | pay 0.0439% / 4h | 59m 39s | $735 | $125K | 10x |
| Short | SunX MINIMAX-USDT | 37.030 | 0 | get 0.0000% / 4h | 59m 39s | $15 | $1.8M | 10x |
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against GRVT. 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
- −$184.38
- Price spread: +0.271% → +0.104%
- $16.71
- Slippage, 4 orders
- −$185.07
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$369.74
- Costs to cover
- 2.021%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 37 min ago; SunX: live order book, 6 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 GRVT live order book, 37 min ago | 4.09 bp | 32.6 bp −$33 | 112.6 bp −$1,126 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 32.65 bp | 89.1 bp −$89 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MINIMAX | −0.0049% | 1h | 36.885 | −0.122% | $4.7M | $3.3M | 10x | as long as short |
| SunX MINIMAX-USDTshort | 0.0000% | 4h | 37.030 | +0.271% | $15 | $1.8M | 10x | |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.976 | +0.124% | $49K | $234K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.990 | +0.162% | $93K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 36.990 | +0.162% | $23K | $51K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.994 | +0.172% | — | — | 10x | as long as short |
| Lighter MINIMAX | +0.0136% | 1h | 36.933 | +0.008% | $41K | $23K | 10x | as long as short |
| Gate MINIMAX_USDT | +0.0329% | 8h | 36.990 | +0.162% | $1.3M | $2.7M | 50x | as long as short |
| Bybit MINIMAXUSDT | +0.0428% | 8h | 36.970 | +0.108% | $929K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0599% | 8h | 37.030 | +0.271% | $33K | $46K | 20x | as long as short |
tradeXYZ xyz:MINIMAX
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Lighter MINIMAX
Gate MINIMAX_USDT
Bybit MINIMAXUSDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | +0.0639% | 4h | 36.896 | −0.092% | $28K | $184K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0731% | 8h | 36.930 | 0.000% | $1.2M | $2.8M | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0754% | 4h | 36.900 | −0.081% | $97K | $36K | 20x | as long as short |
| GRVT MINIMAX_USDT_Perplong | +0.0878% | 4h | 36.930 | long leg | $735 | $125K | 10x | |
| Extended MINIMAX-USD | +0.0888% | 1h | 36.930 | −0.001% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0890% | 4h | 36.920 | −0.027% | $6.4M | $32.2M | 25x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1419% | 8h | 36.980 | +0.135% | $2.8M | $8.6M | 20x | as long as short |
edgeX MINIMAXUSDC
Bitget MINIMAXUSDT
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
Binance MINIMAXUSDT
OKX MINIMAX-USDT-SWAP