Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.001%
Price spread now: edgeX against OKX−0.274%101s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as 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−$2312.315% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.274%, 7d avg −0.068%
=Together, before fees+0.338%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.206% cheaper against OKX than usual: you would sell low and buy high (spread −0.274% now, against its 7-day average of −0.068%). If the spread goes back, that is −$21 on $10k: about 3.5 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.099% in total) that is about 14 days. The two prices were read 101 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 0.099% in total (about 5.2% 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 | OKX MINIMAX-USDT-SWAP | 37.920 | 0.1287 | pay 0.1287% / 8h | 3h 45m | $2.6M | $8.3M | 20x |
| Short | edgeX MINIMAXUSDC | 37.816 | 0.1484 | get 0.0742% / 4h | 3h 45m | $28K | $183K | 10x |
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $41.38
- Price spread: −0.274% → −0.068%
- −$20.56
- Slippage, 4 orders
- −$212.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$210.64
- Costs to cover
- 2.315%
- Break-even
- 42.6 days
Slippage from OKX: live order book, 2 min ago; edgeX: 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 OKX live order book, 2 min ago | 2.64 bp | 18.8 bp −$19 | 152.9 bp −$1,529 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 6 min ago | 13.24 bp | 97.1 bp −$97 | 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_USDT | 0.0000% | 8h | 37.920 | 0.000% | $1.4M | $3.8M | 50x | as long as short |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.810 | −0.290% | $457 | $126K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.930 | +0.026% | $15 | $2.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.844 | −0.200% | $43K | $219K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 37.828 | −0.243% | $42K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.842 | −0.206% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 37.780 | −0.369% | $26K | $42K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.835 | −0.225% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0160% | 8h | 37.900 | −0.053% | $928K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0273% | 8h | 37.815 | −0.277% | $34K | $150K | 20x | as long as short |
Gate MINIMAX_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MINIMAX | +0.0301% | 1h | 37.831 | −0.235% | $4.4M | $2.9M | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0404% | 4h | 37.850 | −0.185% | $100K | $39K | 20x | as long as short |
| Extended MINIMAX-USD | +0.0664% | 1h | 37.865 | −0.144% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0665% | 4h | 37.878 | −0.110% | $6.3M | $30.8M | 25x | as long as short |
| Bitget MINIMAXUSDT | +0.0695% | 8h | 37.882 | −0.100% | $1.3M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAPlong | +0.1287% | 8h | 37.920 | long leg | $2.6M | $8.3M | 20x | |
| edgeX MINIMAXUSDCshort | +0.1484% | 4h | 37.816 | −0.274% | $28K | $183K | 10x |
tradeXYZ xyz:MINIMAX
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bitget MINIMAXUSDT