Funding you earn now, next payment 16:00 UTC+0.0157%/8h= +17.2% APRnext payment +$1.57 per $10,000 · paid last 24h −0.035%
Price spread now: MEXC against Gate−0.110%7-day average −0.029% · 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−$107as in the Price arb table
costs, in and out, $10k−$990.986% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.110%, 7d avg −0.029%
=Funding pays, the price is against you. MEXC is 0.081% cheaper against Gate than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.029%). If the spread goes back, that is −$8 on $10k: about 41 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MINA_USDT | 0.1361 | −0.0628 | get 0.0628% / 8h | 7h 27m | $443K | $549K | 50x |
| Short | MEXC MINA_USDT | 0.1360 | −0.0471 | pay 0.0471% / 8h | 7h 27m | $1.3M | $1.1M | 50x |
Gate MINA_USDT
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $32.97
- Price spread: −0.110% → −0.029%
- −$8.13
- Slippage, 4 orders
- −$79.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$73.8
- Costs to cover
- 0.986%
- Break-even
- 22.7 days
Slippage from Gate: live order book, 3 min ago; MEXC: 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 Gate live order book, 3 min ago | 7.74 bp | 42.8 bp −$43 | 1679.9 bp −$16.8K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.74 bp | 6.9 bp −$7 | 54.5 bp −$545 | 101.8 bp −$10.2K | 252.6 bp −$126.3K |
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-SWAP | −0.0769% | 4h | 0.1359 | −0.147% | $2.0M | $10.1M | 20x | as long as short |
| Gate MINA_USDTlong | −0.0628% | 8h | 0.1361 | long leg | $443K | $549K | 50x | |
| Kraken Futures PF_MINAUSD | −0.0504% | 1h | 0.1356 | −0.346% | $22K | $55K | 10x | as long as short |
| Binance MINAUSDT | −0.0479% | 8h | 0.1359 | −0.162% | $4.5M | $19.5M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0471% | 8h | 0.1360 | −0.110% | $1.3M | $1.1M | 50x | |
| BloFin MINA-USDT | −0.0464% | 8h | 0.1360 | −0.096% | $260K | $168K | 50x | as long as short |
| Bitget MINAUSDT | −0.0450% | 8h | 0.1358 | −0.228% | $2.0M | $2.8M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0415% | 8h | 0.1359 | −0.132% | $807K | $411K | 30x | as long as short |
| Hyperliquid MINA | −0.0381% | 1h | 0.1358 | −0.257% | $3.4M | $1.4M | 3x | as long as short |
| Bybit MINAUSDT | −0.0246% | 4h | 0.1363 | +0.110% | $4.8M | $4.3M | 25x | as long as short |
OKX MINA-USDT-SWAP
Kraken Futures PF_MINAUSD
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
KuCoin MINAUSDTM
Hyperliquid MINA
Bybit MINAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | −0.0029% | 8h | 0.1362 | +0.044% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1360 | −0.112% | $440K | $60K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA