Settings8H · net · $10k
Funding arb · Price arb /

MINA

all MINA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.035%
Price spread now: Bitget against Hyperliquid−0.023%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$990.986% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.270%+$27 on $10k
Price spread, last 7 days+0.033%+$3 · spread now −0.023%, 7d avg +0.073%
Together, before fees+0.303%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.270%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MINA0.12880.0100pay 0.0013% / 1h3m 44s$3.7M$2.2M3x
ShortBitget MINAUSDT0.1287−0.0204pay 0.0204% / 8h3m 44s$1.8M$3.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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

Funding earned
−$63.84
Price spread: −0.023% → +0.073%
−$9.6
Slippage, 4 orders
−$77.6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$172.03
Costs to cover
0.986%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago1.56 bp27.3 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.85 bp23.8 bp −$2476.4 bp −$764doesn't fitdoesn't fit

MINA on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MINAUSD−0.2369%1h0.1282−0.435%$23K$86K10xas long as short
BloFin MINA-USDT−0.0327%8h0.1280−0.559%$253K$293K50xas long as short
Binance MINAUSDT−0.0312%8h0.1287−0.034%$4.5M$33.4M50xas long as short
MEXC MINA_USDT−0.0312%8h0.1287−0.031%$1.2M$1.4M50xas long as short
Bitget MINAUSDTshort−0.0204%8h0.1287−0.023%$1.8M$3.8M50x
Gate MINA_USDT−0.0168%8h0.1288+0.023%$416K$971K50xas long as short
KuCoin MINAUSDTM−0.0067%8h0.1289+0.140%$776K$501K30xas long as short
Bybit MINAUSDT−0.0060%4h0.1289+0.117%$4.5M$6.6M25xas long as short
BingX MINA-USDT−0.0030%8h0.1287−0.031%$2.7Mas long as short
OKX MINA-USDT-SWAP−0.0024%4h0.12880.000%$1.9M$17.2M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MINAlong+0.0100%1h0.1288long leg$3.7M$2.2M3x
Variational Omni MINA+0.0100%4h0.1283−0.351%$413K$143Kas long as short