Funding you earn now, next payment 08:00 UTC−0.0595%/8h= −65.1% APRnext payment −$5.95 per $10,000 · paid last 24h −0.036%
Price spread now: Bitget against OKX−0.078%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1121.122% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.078%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bitget is 0.041% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.95 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 | OKX MINIMAX-USDT-SWAP | 37.200 | 0.0964 | pay 0.0964% / 8h | 2h 51m | $2.7M | $8.3M | 20x |
| Short | Bitget MINIMAXUSDT | 37.171 | 0.0369 | get 0.0369% / 8h | 2h 51m | $1.2M | $2.8M | 20x |
OKX MINIMAX-USDT-SWAP
Bitget MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$124.93
- Price spread: −0.078% → −0.037%
- −$4.06
- Slippage, 4 orders
- −$90.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$241.19
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 1 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 OKX live order book, 2 min ago | 1.34 bp | 20.0 bp −$20 | 255.0 bp −$2,550 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 6.62 bp | 33.2 bp −$33 | 46.5 bp −$465 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | −0.0548% | 4h | 37.509 | +0.831% | $28K | $183K | 10x | as long as short |
| Gate MINIMAX_USDT | 0.0000% | 8h | 37.160 | −0.108% | $1.3M | $3.3M | 50x | as long as short |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.500 | +0.806% | $307 | $127K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.100 | −0.269% | $15 | $2.2M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.193 | −0.019% | $42K | $225K | 20x | as long as short |
| Extended MINIMAX-USD | +0.0016% | 1h | 37.150 | −0.135% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0020% | 4h | 37.160 | −0.108% | $6.2M | $31.8M | 25x | as long as short |
| Bybit MINIMAXUSDT | +0.0040% | 8h | 37.170 | −0.081% | $914K | $1.1M | 25x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.156 | −0.118% | $93K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0074% | 1h | 37.220 | +0.054% | $24K | $47K | 5x | as long as short |
edgeX MINIMAXUSDC
Gate MINIMAX_USDT
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bybit MINIMAXUSDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0100% | 4h | 37.120 | −0.215% | $98K | $37K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.079 | −0.324% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0144% | 8h | 37.052 | −0.397% | $33K | $45K | 20x | as long as short |
| Lighter MINIMAX | +0.0216% | 1h | 37.057 | −0.384% | $42K | $25K | 10x | as long as short |
| Bitget MINIMAXUSDTshort | +0.0369% | 8h | 37.171 | −0.078% | $1.2M | $2.8M | 20x | |
| tradeXYZ xyz:MINIMAX | +0.0952% | 1h | 37.108 | −0.247% | $4.3M | $2.9M | 10x | as long as short |
| OKX MINIMAX-USDT-SWAPlong | +0.0964% | 8h | 37.200 | long leg | $2.7M | $8.3M | 20x |
KuCoin MINIMAXUSDTM
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
Lighter MINIMAX
tradeXYZ xyz:MINIMAX