Funding you earn now, next payment 04:00 UTC+0.0309%/8h= +33.9% APRnext payment +$1.55 per $10,000 · paid last 24h +0.049%
Price spread now: Binance against KuCoin+0.034%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1261.262% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.034%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.55 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 | KuCoin MINIMAXUSDTM | 39.620 | 0.0494 | pay 0.0247% / 4h | 3h 48m | $100K | $43K | 20x |
| Short | Binance MINIMAXUSDT | 39.634 | 0.0803 | get 0.0402% / 4h | 3h 48m | $6.5M | $35.5M | 25x |
KuCoin MINIMAXUSDTM
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $64.98
- Price spread: +0.034% → +0.020%
- $1.48
- Slippage, 4 orders
- −$104.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$59.7
- Costs to cover
- 1.262%
- Break-even
- 13.4 days
Slippage from KuCoin: live order book, 31 min ago; Binance: live order book, 8 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 KuCoin live order book, 31 min ago | 17.58 bp | 68.8 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.26 bp | 10.0 bp −$10 | 34.4 bp −$344 | 174.2 bp −$17.4K | 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 | −0.0801% | 1h | 39.609 | −0.028% | $4.6M | $2.9M | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | −0.0296% | 4h | 39.610 | −0.025% | $353 | $136K | 10x | as long as short |
| Bybit MINIMAXUSDT | 0.0000% | 8h | 39.630 | +0.025% | $938K | $1.4M | 25x | as long as short |
| Gate MINIMAX_USDT | 0.0000% | 8h | 39.630 | +0.025% | $1.2M | $6.2M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.680 | +0.151% | $16 | $3.8M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.631 | +0.028% | $38K | $70K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 39.628 | +0.020% | $46K | $27K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.645 | +0.063% | $99K | $4K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 39.490 | −0.328% | $30K | $47K | 5x | as long as short |
| Aster MINIMAXUSDT | +0.0217% | 8h | 39.637 | +0.043% | $34K | $152K | 20x | as long as short |
tradeXYZ xyz:MINIMAX
GRVT MINIMAX_USDT_Perp
Bybit MINIMAXUSDT
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTMlong | +0.0494% | 4h | 39.620 | long leg | $100K | $43K | 20x | |
| Aevo MINIMAX-PERP | +0.0640% | 1h | 39.640 | +0.050% | — | — | 10x | as long as short |
| Binance MINIMAXUSDTshort | +0.0803% | 4h | 39.634 | +0.034% | $6.5M | $35.5M | 25x | |
| Extended MINIMAX-USD | +0.0840% | 1h | 39.628 | +0.019% | $3K | — | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0872% | 4h | 39.611 | −0.024% | $30K | $187K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.1169% | 8h | 39.629 | +0.023% | $1.2M | $2.8M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1277% | 8h | 39.670 | +0.126% | $1.7M | $9.6M | 20x | as long as short |
Aevo MINIMAX-PERP
Extended MINIMAX-USD
edgeX MINIMAXUSDC
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP