Funding you earn now, next payment 12:00 UTC−0.0830%/8h= −90.8% APRpaid last 24h −0.018%
Price spread now: Bitget against Binance+0.089%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.089%, 7d avg −0.030%
=The price spread pays, funding is against you. Bitget is 0.119% dearer against Binance than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.030%): +$12 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.129% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MINIMAXUSDT | 36.960 | 0.2021 | pay 0.1010% / 4h | 1h 46m | $6.4M | $29.7M | 25x |
| Short | Bitget MINIMAXUSDT | 36.993 | 0.1191 | get 0.1191% / 8h | 5h 46m | $1.2M | $2.7M | 20x |
Binance MINIMAXUSDT
Bitget MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$174.2
- Price spread: +0.089% → −0.030%
- $11.94
- Slippage, 4 orders
- −$45.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$229.43
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 3 min ago | 1.35 bp | 13.6 bp −$14 | 42.6 bp −$426 | 249.7 bp −$25.0K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.38 bp | 24.2 bp −$24 | 36.3 bp −$363 | doesn't fit | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.980 | +0.054% | $15 | $1.1M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.058 | +0.265% | $46K | $256K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.974 | +0.038% | $93K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0376% | 1h | 36.990 | +0.080% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0393% | 8h | 36.859 | −0.272% | $33K | $5K | 20x | as long as short |
| Gate MINIMAX_USDT | +0.0724% | 8h | 37.020 | +0.162% | $1.3M | $2.9M | 50x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0874% | 4h | 36.980 | +0.054% | $112K | $217K | 20x | as long as short |
| Bitget MINIMAXUSDTshort | +0.1191% | 8h | 36.993 | +0.089% | $1.2M | $2.7M | 20x | |
| Lighter MINIMAX | +0.1192% | 1h | 36.990 | +0.081% | $41K | $11K | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.1457% | 8h | 37.010 | +0.135% | $953K | $900K | 25x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
Gate MINIMAX_USDT
KuCoin MINIMAXUSDTM
Lighter MINIMAX
Bybit MINIMAXUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | +0.1474% | 4h | 36.983 | +0.061% | $28K | $182K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1579% | 8h | 37.020 | +0.162% | $2.9M | $8.0M | 20x | as long as short |
| Extended MINIMAX-USD | +0.2008% | 1h | 36.948 | −0.033% | $3K | $920 | 10x | as long as short |
| Binance MINIMAXUSDTlong | +0.2021% | 4h | 36.960 | long leg | $6.4M | $29.7M | 25x | |
| tradeXYZ xyz:MINIMAX | +0.2045% | 1h | 36.954 | −0.016% | $4.9M | $3.3M | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.2394% | 4h | 37.040 | +0.215% | $197 | $113K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.3417% | 1h | 37.030 | +0.189% | $22K | $57K | 5x | as long as short |
edgeX MINIMAXUSDC
OKX MINIMAX-USDT-SWAP
Extended MINIMAX-USD
tradeXYZ xyz:MINIMAX
GRVT MINIMAX_USDT_Perp
Ondo Perps MINIMAX-USD.P