Funding you earn now, next payment 12:00 UTC−0.0691%/8h= −75.7% APRnext payment −$3.46 per $10,000 · paid last 24h +0.024%
Price spread now: OKX against Bybit−0.205%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1521.523% of the position
Funding, last 7 days+0.396%+$40 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.205%, 7d avg −0.150%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and OKX is 0.055% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.150%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.396%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.396% in total (about 20.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.46 per $10,000. 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 | Bybit MINAUSDT | 0.1366 | −0.0057 | get 0.0029% / 4h | 3h 42m | $4.8M | $4.5M | 25x |
| Short | OKX MINA-USDT-SWAP | 0.1364 | −0.0748 | pay 0.0374% / 4h | 3h 42m | $2.0M | $11.2M | 20x |
Bybit MINAUSDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$145.2
- Price spread: −0.205% → −0.150%
- −$5.47
- Slippage, 4 orders
- −$131.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$302.99
- Costs to cover
- 1.523%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago | 4.37 bp | 60.4 bp −$60 | 202.1 bp −$2,021 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.92 bp | 20.3 bp −$20 | 123.0 bp −$1,230 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX MINA-USDT-SWAPshort | −0.0748% | 4h | 0.1364 | −0.205% | $2.0M | $11.2M | 20x | |
| Kraken Futures PF_MINAUSD | −0.0499% | 1h | 0.1371 | +0.306% | $22K | $55K | 10x | as long as short |
| Gate MINA_USDT | −0.0491% | 8h | 0.1365 | −0.080% | $448K | $540K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0414% | 8h | 0.1369 | +0.183% | $824K | $431K | 30x | as long as short |
| Hyperliquid MINA | −0.0396% | 1h | 0.1363 | −0.220% | $3.4M | $1.5M | 3x | as long as short |
| Binance MINAUSDT | −0.0393% | 8h | 0.1363 | −0.234% | $4.5M | $21.0M | 50x | as long as short |
| MEXC MINA_USDT | −0.0379% | 8h | 0.1363 | −0.227% | $1.3M | $1.1M | 50x | as long as short |
| Bitget MINAUSDT | −0.0374% | 8h | 0.1367 | +0.051% | $2.0M | $2.9M | 50x | as long as short |
| BloFin MINA-USDT | −0.0356% | 8h | 0.1364 | −0.161% | $254K | $170K | 50x | as long as short |
| Bybit MINAUSDTlong | −0.0057% | 4h | 0.1366 | long leg | $4.8M | $4.5M | 25x |
Kraken Futures PF_MINAUSD
Gate MINA_USDT
KuCoin MINAUSDTM
Hyperliquid MINA
Binance MINAUSDT
MEXC MINA_USDT
Bitget MINAUSDT
BloFin MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | +0.0050% | 8h | 0.1365 | −0.102% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1376 | +0.697% | $445K | $61K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA