Funding you earn now, next payment 00:00 UTC+0.0234%/8h= +25.6% APRpaid last 24h −0.004%
Price spread now: OKX against Binance−0.012%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$780.784% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.001%$0 · spread now −0.012%, 7d avg +0.013%
=Funding pays, the price is against you. OKX is 0.025% cheaper against Binance than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.013%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.019% in total) that is about 8.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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 | Binance MINAUSDT | 0.1277 | −0.0332 | get 0.0332% / 8h | 19m 43s | $4.4M | $33.5M | 50x |
| Short | OKX MINA-USDT-SWAP | 0.1277 | −0.0098 | pay 0.0049% / 4h | 19m 43s | $1.9M | $17.0M | 20x |
Binance MINAUSDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- $49.15
- Price spread: −0.012% → +0.013%
- −$2.45
- Slippage, 4 orders
- −$58.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.75
- Costs to cover
- 0.784%
- Break-even
- 11.5 days
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 4 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 Binance live order book, 7 min ago | 1.18 bp | 16.7 bp −$17 | 124.0 bp −$1,240 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.18 bp | 18.2 bp −$18 | 119.0 bp −$1,190 | doesn't fit | doesn't fit |
MINA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.2378% | 1h | 0.1277 | −0.043% | $23K | $86K | 10x | as long as short |
| BloFin MINA-USDT | −0.0338% | 8h | 0.1279 | +0.106% | $256K | $293K | 50x | as long as short |
| Binance MINAUSDTlong | −0.0332% | 8h | 0.1277 | long leg | $4.4M | $33.5M | 50x | |
| MEXC MINA_USDT | −0.0332% | 8h | 0.1277 | −0.027% | $1.2M | $1.4M | 50x | as long as short |
| Bitget MINAUSDT | −0.0219% | 8h | 0.1276 | −0.082% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0196% | 8h | 0.1278 | +0.066% | $414K | $968K | 50x | as long as short |
| Bybit MINAUSDT | −0.0131% | 4h | 0.1279 | +0.098% | $4.5M | $6.6M | 25x | as long as short |
| KuCoin MINAUSDTM | −0.0104% | 8h | 0.1279 | +0.106% | $770K | $502K | 30x | as long as short |
| OKX MINA-USDT-SWAPshort | −0.0098% | 4h | 0.1277 | −0.012% | $1.9M | $17.0M | 20x | |
| BingX MINA-USDT | −0.0054% | 8h | 0.1278 | +0.035% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
BloFin MINA-USDT
MEXC MINA_USDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
KuCoin MINAUSDTM
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1278 | +0.067% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1280 | +0.229% | $412K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA