Funding you earn now, next payment 04:00 UTC+0.1293%/8h= +141.6% APRnext payment +$6.47 per $10,000 · paid last 24h +0.145%
Price spread now: Binance against SunX0.000%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1761.762% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 2 days (all we have)−0.088%−$9 · spread now 0.000%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Binance is 0.057% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.057%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.47 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 | SunX MINIMAX-USDT | 38.740 | 0 | get 0.0000% / 4h | 2h 02m | $16 | $3.0M | 10x |
| Short | Binance MINIMAXUSDT | 38.740 | 0.1293 | get 0.0647% / 4h | 2h 02m | $6.6M | $32.5M | 25x |
SunX MINIMAX-USDT
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $271.6
- Price spread: 0.000% → −0.057%
- $5.72
- Slippage, 4 orders
- −$158.21
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $101.12
- Costs to cover
- 1.762%
- Break-even
- 4.4 days
Slippage from SunX: live order book, 6 min ago; Binance: live order book, 10 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 SunX live order book, 6 min ago | 34.99 bp | 60.1 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.59 bp | 14.0 bp −$14 | 33.6 bp −$336 | 166.1 bp −$16.6K | 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 | 38.750 | +0.026% | $1.4M | $4.9M | 50x | as long as short |
| SunX MINIMAX-USDTlong | 0.0000% | 4h | 38.740 | long leg | $16 | $3.0M | 10x | |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.711 | −0.075% | $46K | $215K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.716 | −0.062% | $97K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0391% | 8h | 38.793 | +0.138% | $34K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0440% | 1h | 38.733 | −0.019% | — | — | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0582% | 4h | 38.760 | +0.052% | $98K | $38K | 20x | as long as short |
| Lighter MINIMAX | +0.1160% | 1h | 38.756 | +0.041% | $44K | $26K | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.1247% | 8h | 38.780 | +0.103% | $931K | $1.2M | 25x | as long as short |
| edgeX MINIMAXUSDC | +0.1261% | 4h | 38.481 | −0.668% | $29K | $188K | 10x | as long as short |
Gate MINIMAX_USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
KuCoin MINIMAXUSDTM
Lighter MINIMAX
Bybit MINIMAXUSDT
edgeX MINIMAXUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDT | +0.1286% | 8h | 38.764 | +0.062% | $1.3M | $2.8M | 20x | as long as short |
| Binance MINIMAXUSDTshort | +0.1293% | 4h | 38.740 | 0.000% | $6.6M | $32.5M | 25x | |
| Extended MINIMAX-USD | +0.1296% | 1h | 38.741 | +0.002% | $3K | — | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1362% | 8h | 38.830 | +0.232% | $2.2M | $8.6M | 20x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.2061% | 1h | 38.400 | −0.878% | $30K | $39K | 5x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.2131% | 1h | 38.751 | +0.028% | $4.5M | $3.1M | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.2240% | 4h | 38.404 | −0.866% | $658 | $126K | 10x | as long as short |
Bitget MINIMAXUSDT
Extended MINIMAX-USD
OKX MINIMAX-USDT-SWAP
Ondo Perps MINIMAX-USD.P
tradeXYZ xyz:MINIMAX
GRVT MINIMAX_USDT_Perp