Funding you earn now, next payment 08:00 UTC−0.0453%/8h= −49.6% APRpaid last 24h −0.026%
Price spread now: OKX against Bitget−0.075%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.075%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.070% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% 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 | Bitget MINAUSDT | 0.1336 | −0.0128 | get 0.0128% / 8h | 1h 56m | $1.9M | $3.4M | 50x |
| Short | OKX MINA-USDT-SWAP | 0.1335 | −0.0581 | pay 0.0290% / 4h | 1h 56m | $1.8M | $13.0M | 20x |
Bitget MINAUSDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$95.07
- Price spread: −0.075% → −0.005%
- −$7.03
- Slippage, 4 orders
- −$79.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$203.12
- Costs to cover
- 1.010%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 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 Bitget live order book, 2 min ago | 0.38 bp | 28.3 bp −$28 | 115.4 bp −$1,154 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.51 bp | 22.5 bp −$22 | 135.7 bp −$1,357 | 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 | −0.1965% | 1h | 0.1337 | +0.072% | $21K | $63K | 10x | as long as short |
| Bybit MINAUSDT | −0.1526% | 4h | 0.1337 | +0.090% | $4.6M | $5.0M | 25x | as long as short |
| OKX MINA-USDT-SWAPshort | −0.0581% | 4h | 0.1335 | −0.075% | $1.8M | $13.0M | 20x | |
| Hyperliquid MINA | −0.0258% | 1h | 0.1335 | −0.052% | $3.3M | $1.6M | 3x | as long as short |
| Gate MINA_USDT | −0.0131% | 8h | 0.1335 | −0.030% | $440K | $644K | 50x | as long as short |
| Binance MINAUSDT | −0.0130% | 8h | 0.1335 | −0.059% | $4.5M | $25.2M | 50x | as long as short |
| MEXC MINA_USDT | −0.0130% | 8h | 0.1335 | −0.075% | $1.1M | $1.2M | 50x | as long as short |
| Bitget MINAUSDTlong | −0.0128% | 8h | 0.1336 | long leg | $1.9M | $3.4M | 50x | |
| BloFin MINA-USDT | −0.0118% | 8h | 0.1326 | −0.689% | $249K | $191K | 50x | as long as short |
| BingX MINA-USDT | −0.0078% | 8h | 0.1335 | −0.060% | — | $2.6M | — | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Hyperliquid MINA
Gate MINA_USDT
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINAUSDTM | +0.0015% | 8h | 0.1333 | −0.195% | $779K | $480K | 30x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1326 | −0.715% | $428K | $68K | — | as long as short |
KuCoin MINAUSDTM
Variational Omni MINA