Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h −0.009%
Price spread now: Bitget against BingX−0.087%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$950.950% of the position
Funding, last 7 days−0.514%−$51 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.087%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.046% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1265 | −0.0189 | get 0.0189% / 8h | 2h 23m | — | $2.7M | — |
| Short | Bitget MINAUSDT | 0.1264 | −0.0261 | pay 0.0261% / 8h | 2h 23m | $1.8M | $3.9M | 50x |
BingX MINA-USDT
Bitget MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$15.12
- Price spread: −0.087% → −0.041%
- −$4.56
- Slippage, 4 orders
- −$72.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$114.65
- Costs to cover
- 0.950%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bitget: 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 BingX live order book, 6 min ago | 4.72 bp | 22.9 bp −$23 | 82.7 bp −$827 | 402.4 bp −$40.2K | 510.1 bp −$255.0K |
| Sell Bitget live order book, 4 min ago | 7.09 bp | 19.2 bp −$19 | 103.5 bp −$1,035 | 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 | −0.0716% | 1h | 0.1267 | +0.170% | $25K | $91K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0588% | 4h | 0.1265 | +0.032% | $1.9M | $17.1M | 20x | as long as short |
| Binance MINAUSDT | −0.0429% | 8h | 0.1265 | −0.016% | $4.4M | $34.1M | 50x | as long as short |
| MEXC MINA_USDT | −0.0428% | 8h | 0.1264 | −0.040% | $1.2M | $1.5M | 50x | as long as short |
| BloFin MINA-USDT | −0.0411% | 8h | 0.1266 | +0.095% | $259K | $321K | 50x | as long as short |
| Bybit MINAUSDT | −0.0396% | 4h | 0.1267 | +0.150% | $4.5M | $6.8M | 25x | as long as short |
| Gate MINA_USDT | −0.0270% | 8h | 0.1264 | −0.032% | $413K | $982K | 50x | as long as short |
| Bitget MINAUSDTshort | −0.0261% | 8h | 0.1264 | −0.087% | $1.8M | $3.9M | 50x | |
| BingX MINA-USDTlong | −0.0189% | 8h | 0.1265 | long leg | — | $2.7M | — | |
| KuCoin MINAUSDTM | +0.0005% | 8h | 0.1264 | −0.071% | $764K | $513K | 30x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
Bybit MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1265 | +0.016% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1271 | +0.463% | $410K | $149K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA