Funding arb · Price arb /

MINA

all MINA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0260%/8h= −28.4% APRpaid last 24h −0.056%

Price spread now: OKX against Gate+0.039%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1281.280% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.597%−$60 · spread now +0.039%, 7d avg −0.045%

Together, before fees−0.732%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.084% dearer against Gate than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.045%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.134% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% 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	Gate MINA_USDT	0.1284	−0.0174	get 0.0174% / 8h	3h 24m	$410K	$743K	50x
Short	OKX MINA-USDT-SWAP	0.1285	−0.0434	pay 0.0217% / 4h	3h 24m	$1.8M	$13.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$54.51
Price spread: +0.039% → −0.045%: $8.38
Slippage, 4 orders: −$103
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$174.13
Costs to cover: 1.280%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; OKX: live order book, 3 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, 27 min ago	8.53 bp	36.5 bp −$37	1332.6 bp −$13.3K	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.49 bp	22.5 bp −$22	doesn't fit	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
Bybit MINAUSDT	−0.1003%	4h	0.1287	+0.202%	$4.4M	$5.2M	25x	as long as short
OKX MINA-USDT-SWAPshort	−0.0434%	4h	0.1285	+0.039%	$1.8M	$13.6M	20x
Gate MINA_USDTlong	−0.0174%	8h	0.1284	long leg	$410K	$743K	50x
KuCoin MINAUSDTM	+0.0006%	8h	0.1288	+0.296%	$758K	$495K	30x	as long as short
BloFin MINA-USDT	+0.0011%	8h	0.1284	+0.008%	$243K	$227K	50x	as long as short
Bitget MINAUSDT	+0.0015%	8h	0.1285	+0.070%	$1.8M	$3.4M	50x	as long as short
Hyperliquid MINA	+0.0022%	1h	0.1284	+0.028%	$3.2M	$1.6M	3x	as long as short
MEXC MINA_USDT	+0.0033%	8h	0.1284	−0.023%	$1.1M	$1.2M	50x	as long as short
Binance MINAUSDT	+0.0034%	8h	0.1284	−0.029%	$4.3M	$26.6M	50x	as long as short
BingX MINA-USDT	+0.0048%	8h	0.1285	+0.055%	—	$2.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MINA	+0.0100%	4h	0.1287	+0.188%	$415K	$69K	—	as long as short
Kraken Futures PF_MINAUSD	+0.1342%	1h	0.1285	+0.082%	$20K	$65K	10x	as long as short