Funding you earn now, next payment 02:00 UTC−0.2431%/8h= −266.2% APRpaid last 24h −0.017%
Price spread now: Binance against tradeXYZ+0.077%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 2 days (all we have)+0.017%+$2 · spread now +0.077%, 7d avg +0.027%
=Together, before fees−0.113%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.050% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.027%): +$5 on $10k if it goes back. Holding the pair costs −$73 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.130% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% 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 | tradeXYZ xyz:MINIMAX | 40.329 | 0.3609 | pay 0.0451% / 1h | 35m 37s | $4.6M | $3.2M | 10x |
| Short | Binance MINIMAXUSDT | 40.360 | 0.1178 | get 0.0589% / 4h | 2h 35m | $6.9M | $35.2M | 25x |
tradeXYZ xyz:MINIMAX
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. 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
- −$510.6
- Price spread: +0.077% → +0.027%
- $5.02
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$533.58
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 1 min ago; Binance: live order book, 6 min ago. Net counts fees only.
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 tradeXYZ live order book, 1 min ago | 3.22 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.47 bp | 10.3 bp −$10 | 43.0 bp −$430 | 168.7 bp −$16.9K | 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 | 40.400 | +0.176% | $1.2M | $4.4M | 50x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 40.446 | +0.290% | $75K | $142K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0145% | 1h | 40.325 | −0.010% | $101K | $4K | 10x | as long as short |
| SunX MINIMAX-USDT | +0.0171% | 4h | 40.460 | +0.325% | $16 | $3.7M | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0267% | 8h | 39.948 | −0.946% | $35K | $152K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0528% | 1h | 40.323 | −0.014% | — | — | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0610% | 4h | 40.110 | −0.543% | $100K | $42K | 20x | as long as short |
| Extended MINIMAX-USD | +0.1056% | 1h | 40.422 | +0.230% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDTshort | +0.1178% | 4h | 40.360 | +0.077% | $6.9M | $35.2M | 25x | |
| edgeX MINIMAXUSDC | +0.1241% | 4h | 40.233 | −0.237% | $30K | $187K | 10x | as long as short |
Gate MINIMAX_USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
SunX MINIMAX-USDT
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
edgeX MINIMAXUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MINIMAX-USDT-SWAP | +0.1305% | 8h | 40.380 | +0.126% | $1.8M | $9.7M | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.1321% | 8h | 40.420 | +0.226% | $1.4M | $2.7M | 20x | as long as short |
| Bybit MINIMAXUSDT | +0.2142% | 8h | 40.390 | +0.151% | $971K | $1.4M | 25x | as long as short |
| Lighter MINIMAX | +0.2280% | 1h | 40.336 | +0.017% | $46K | $25K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.2662% | 4h | 40.223 | −0.263% | $553 | $128K | 10x | as long as short |
| tradeXYZ xyz:MINIMAXlong | +0.3609% | 1h | 40.329 | long leg | $4.6M | $3.2M | 10x | |
| Ondo Perps MINIMAX-USD.P | +0.4023% | 1h | 40.460 | +0.325% | $30K | $45K | 5x | as long as short |
OKX MINIMAX-USDT-SWAP
Bitget MINIMAXUSDT
Bybit MINIMAXUSDT
Lighter MINIMAX
GRVT MINIMAX_USDT_Perp
Ondo Perps MINIMAX-USD.P