Funding you earn now, next payment 12:00 UTC−0.0301%/8h= −32.9% APRpaid last 24h +0.036%
Price spread now: Binance against Bybit−0.302%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1691.687% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 7 days+0.197%+$20 · spread now −0.302%, 7d avg −0.165%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.138% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.165%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.380%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MINAUSDT | 0.1356 | −0.0662 | get 0.0331% / 4h | 47m 40s | $4.8M | $3.8M | 25x |
| Short | Binance MINAUSDT | 0.1352 | −0.0963 | pay 0.0963% / 8h | 4h 47m | $4.7M | $16.7M | 50x |
Bybit MINAUSDT
Binance MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$63.17
- Price spread: −0.302% → −0.165%
- −$13.75
- Slippage, 4 orders
- −$147.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$245.66
- Costs to cover
- 1.687%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 16 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 Bybit live order book, 3 min ago | 1.10 bp | 64.3 bp −$64 | 192.6 bp −$1,926 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.58 bp | 19.9 bp −$20 | 98.6 bp −$986 | doesn't fit | doesn't fit |
MINA on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | −0.3416% | 1h | 0.1350 | −0.479% | $3.3M | $1.3M | 3x | as long as short |
| Kraken Futures PF_MINAUSD | −0.3329% | 1h | 0.1350 | −0.475% | $22K | $34K | 10x | as long as short |
| Binance MINAUSDTshort | −0.0963% | 8h | 0.1352 | −0.302% | $4.7M | $16.7M | 50x | |
| Bitget MINAUSDT | −0.0962% | 8h | 0.1352 | −0.295% | $1.9M | $2.4M | 50x | as long as short |
| MEXC MINA_USDT | −0.0961% | 8h | 0.1352 | −0.339% | $1.3M | $856K | 50x | as long as short |
| BloFin MINA-USDT | −0.0932% | 8h | 0.1350 | −0.472% | $262K | $159K | 50x | as long as short |
| OKX MINA-USDT-SWAP | −0.0836% | 4h | 0.1352 | −0.324% | $1.9M | $7.9M | 20x | as long as short |
| Gate MINA_USDT | −0.0758% | 8h | 0.1351 | −0.376% | $448K | $449K | 50x | as long as short |
| Bybit MINAUSDTlong | −0.0662% | 4h | 0.1356 | long leg | $4.8M | $3.8M | 25x | |
| KuCoin MINAUSDTM | −0.0655% | 8h | 0.1354 | −0.192% | $829K | $293K | 30x | as long as short |
Hyperliquid MINA
Kraken Futures PF_MINAUSD
Bitget MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
OKX MINA-USDT-SWAP
Gate MINA_USDT
KuCoin MINAUSDTMShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | −0.0273% | 8h | 0.1353 | −0.251% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1360 | +0.313% | $441K | $43K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA