Funding you earn now, next payment 08:00 UTC−0.1318%/8h= −144.3% APRpaid last 24h +0.028%
Price spread now: Bybit against BloFin+0.364%7-day average +0.189% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1761.765% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 4 days (all we have)−0.369%−$37 · spread now +0.364%, 7d avg +0.189%
=The price spread pays, funding is against you. Bybit is 0.175% dearer against BloFin than usual: you sell high and buy low (spread +0.364% now, against its 7-day average of +0.189%): +$17 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.338% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.338% in total (about -17.6% 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 | BloFin MINA-USDT | 0.1347 | −0.0283 | get 0.0283% / 8h | 18m 38s | $246K | $169K | 50x |
| Short | Bybit MINAUSDT | 0.1352 | −0.1601 | pay 0.0800% / 4h | 18m 38s | $4.8M | $4.7M | 25x |
BloFin MINA-USDT
Bybit MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$276.75
- Price spread: +0.364% → +0.189%
- $17.5
- Slippage, 4 orders
- −$153.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$435.74
- Costs to cover
- 1.765%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; Bybit: 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 BloFin live order book, 53 min ago | 3.74 bp | 22.5 bp −$23 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.37 bp | 69.6 bp −$70 | 213.0 bp −$2,130 | 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 | −0.3560% | 1h | 0.1354 | +0.508% | $21K | $56K | 10x | as long as short |
| Bybit MINAUSDTshort | −0.1601% | 4h | 0.1352 | +0.364% | $4.8M | $4.7M | 25x | |
| OKX MINA-USDT-SWAP | −0.0758% | 4h | 0.1348 | +0.052% | $1.9M | $11.6M | 20x | as long as short |
| KuCoin MINAUSDTM | −0.0340% | 8h | 0.1349 | +0.156% | $798K | $437K | 30x | as long as short |
| Binance MINAUSDT | −0.0297% | 8h | 0.1347 | −0.024% | $4.5M | $22.2M | 50x | as long as short |
| MEXC MINA_USDT | −0.0297% | 8h | 0.1347 | −0.015% | $1.3M | $1.1M | 50x | as long as short |
| BloFin MINA-USDTlong | −0.0283% | 8h | 0.1347 | long leg | $246K | $169K | 50x | |
| Bitget MINAUSDT | −0.0268% | 8h | 0.1348 | +0.104% | $1.9M | $3.1M | 50x | as long as short |
| Hyperliquid MINA | −0.0221% | 1h | 0.1347 | +0.015% | $3.3M | $1.5M | 3x | as long as short |
| Gate MINA_USDT | −0.0218% | 8h | 0.1347 | +0.022% | $440K | $631K | 50x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
KuCoin MINAUSDTM
Binance MINAUSDT
MEXC MINA_USDT
Bitget MINAUSDT
Hyperliquid MINA
Gate MINA_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | −0.0210% | 8h | 0.1348 | +0.097% | — | $2.6M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1355 | +0.610% | $436K | $60K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA