Funding you earn now, next payment 08:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.068%
Price spread now: Bybit against HTX−0.027%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1131.135% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.027%, 7d avg −0.006%
=Funding pays, the price is against you. Bybit is 0.021% cheaper against HTX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of −0.006%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.075% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% 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 | HTX MINIMAX-USDT | 36.710 | 0 | get 0.0000% / 4h | 1h 32m | $47K | $234K | 20x |
| Short | Bybit MINIMAXUSDT | 36.700 | 0.0523 | get 0.0523% / 8h | 1h 32m | $913K | $1.1M | 25x |
HTX MINIMAX-USDT
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- $109.88
- Price spread: −0.027% → −0.006%
- −$2.13
- Slippage, 4 orders
- −$90.46
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$5.71
- Costs to cover
- 1.135%
- Break-even
- 7.4 days
Slippage from HTX: live order book, 47 min ago; Bybit: 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 HTX live order book, 47 min ago | 5.36 bp | 11.9 bp −$12 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.09 bp | 44.1 bp −$44 | 172.7 bp −$1,727 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.730 | +0.054% | $15 | $1.9M | 10x | as long as short |
| HTX MINIMAX-USDTlong | 0.0000% | 4h | 36.710 | long leg | $47K | $234K | 20x | |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.701 | −0.025% | $92K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.709 | −0.003% | — | — | 10x | as long as short |
| Gate MINIMAX_USDT | +0.0258% | 8h | 36.750 | +0.109% | $1.2M | $3.3M | 50x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0298% | 1h | 36.750 | +0.109% | $23K | $51K | 5x | as long as short |
| Lighter MINIMAX | +0.0392% | 1h | 36.716 | +0.016% | $41K | $25K | 10x | as long as short |
| Bybit MINIMAXUSDTshort | +0.0523% | 8h | 36.700 | −0.027% | $913K | $1.1M | 25x | |
| tradeXYZ xyz:MINIMAX | +0.0587% | 1h | 36.647 | −0.172% | $4.5M | $3.3M | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0635% | 8h | 36.782 | +0.197% | $33K | $46K | 20x | as long as short |
SunX MINIMAX-USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
Gate MINIMAX_USDT
Ondo Perps MINIMAX-USD.P
Lighter MINIMAX
tradeXYZ xyz:MINIMAX
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDT | +0.0786% | 8h | 36.711 | +0.003% | $1.2M | $2.8M | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0800% | 4h | 36.660 | −0.136% | $96K | $37K | 20x | as long as short |
| Extended MINIMAX-USD | +0.1000% | 1h | 36.679 | −0.086% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.1001% | 4h | 36.707 | −0.008% | $6.4M | $32.2M | 25x | as long as short |
| edgeX MINIMAXUSDC | +0.1165% | 4h | 36.735 | +0.067% | $28K | $183K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1260% | 4h | 36.740 | +0.082% | $406 | $125K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1443% | 8h | 36.720 | +0.027% | $2.8M | $8.4M | 20x | as long as short |
Bitget MINIMAXUSDT
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
Binance MINIMAXUSDT
edgeX MINIMAXUSDC
GRVT MINIMAX_USDT_Perp
OKX MINIMAX-USDT-SWAP