Funding you earn now, next payment 06:00 UTC−0.1025%/8h= −112.3% APRpaid last 24h −0.204%
Price spread now: SunX against tradeXYZ−0.135%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1741.742% of the position
Funding, last 7 days−0.473%−$47 on $10k
+Price spread, last 4 days (all we have)+0.385%+$39 · spread now −0.135%, 7d avg +0.094%
=Together, before fees−0.087%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and SunX is 0.229% cheaper against tradeXYZ than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.473% in total (about -24.7% 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 | 37.020 | 0.1025 | pay 0.0128% / 1h | 45m 39s | $4.3M | $3.0M | 10x |
| Short | SunX MINIMAX-USDT | 36.970 | 0 | get 0.0000% / 4h | 2h 45m | $15 | $2.2M | 10x |
tradeXYZ xyz:MINIMAX
SunX MINIMAX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$215.34
- Price spread: −0.135% → +0.094%
- −$22.87
- Slippage, 4 orders
- −$148.22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$412.43
- Costs to cover
- 1.742%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; SunX: 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 tradeXYZ live order book, 3 min ago | 0.54 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 1 min ago | 31.04 bp | 90.3 bp −$90 | 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 | 37.110 | +0.243% | $1.2M | $3.4M | 50x | as long as short |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 36.904 | −0.312% | $302 | $127K | 10x | as long as short |
| SunX MINIMAX-USDTshort | 0.0000% | 4h | 36.970 | −0.135% | $15 | $2.2M | 10x | |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.949 | −0.192% | $41K | $225K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.934 | −0.232% | $93K | $3K | 10x | as long as short |
| Extended MINIMAX-USD | +0.0088% | 1h | 37.050 | +0.082% | $3K | — | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0090% | 1h | 37.130 | +0.297% | $24K | $47K | 5x | as long as short |
| Binance MINIMAXUSDT | +0.0091% | 4h | 37.061 | +0.112% | $6.2M | $31.9M | 25x | as long as short |
| Bybit MINIMAXUSDT | +0.0096% | 8h | 37.050 | +0.081% | $908K | $1.1M | 25x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0100% | 4h | 36.950 | −0.189% | $97K | $37K | 20x | as long as short |
Gate MINIMAX_USDT
GRVT MINIMAX_USDT_Perp
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Extended MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Binance MINIMAXUSDT
Bybit MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.892 | −0.346% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0188% | 8h | 36.980 | −0.108% | $33K | $45K | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0276% | 4h | 36.924 | −0.260% | $28K | $184K | 10x | as long as short |
| Lighter MINIMAX | +0.0296% | 1h | 37.008 | −0.032% | $41K | $25K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0399% | 8h | 37.070 | +0.135% | $1.2M | $2.8M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1024% | 8h | 37.030 | +0.027% | $2.7M | $8.2M | 20x | as long as short |
| tradeXYZ xyz:MINIMAXlong | +0.1025% | 1h | 37.020 | long leg | $4.3M | $3.0M | 10x |
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
edgeX MINIMAXUSDC
Lighter MINIMAX
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP