Funding you earn now, next payment 04:00 UTC−0.0945%/8h= −103.5% APRnext payment −$4.72 per $10,000 · paid last 24h −0.146%
Price spread now: HTX against Binance+0.098%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.098%, 7d avg −0.036%
=The price spread pays, funding is against you. HTX is 0.133% dearer against Binance than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.036%): +$13 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.265% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.72 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 | Binance MINIMAXUSDT | 38.890 | 0.0945 | pay 0.0472% / 4h | 1h 25m | $6.5M | $30.7M | 25x |
| Short | HTX MINIMAX-USDT | 38.928 | 0 | get 0.0000% / 4h | 1h 25m | $44K | $218K | 20x |
Binance MINIMAXUSDT
HTX MINIMAX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$198.42
- Price spread: +0.098% → −0.036%
- $13.35
- Slippage, 4 orders
- −$35.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$242.25
- Costs to cover
- 0.572%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; HTX: live order book, 9 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, 1 min ago | 3.87 bp | 10.2 bp −$10 | 28.8 bp −$288 | 172.7 bp −$17.3K | doesn't fit |
| Sell HTX live order book, 9 min ago | 1.05 bp | 21.1 bp −$21 | 42.4 bp −$424 | doesn't fit | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 38.900 | +0.026% | $1.4M | $4.0M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.910 | +0.051% | $16 | $2.6M | 10x | as long as short |
| HTX MINIMAX-USDTshort | 0.0000% | 4h | 38.928 | +0.098% | $44K | $218K | 20x | |
| Lighter MINIMAX | +0.0032% | 1h | 38.801 | −0.229% | $44K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.846 | −0.113% | $97K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.500 | −1.003% | $29K | $38K | 5x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0230% | 1h | 38.845 | −0.116% | $4.5M | $2.9M | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0304% | 1h | 38.861 | −0.073% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0333% | 8h | 38.920 | +0.077% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0394% | 4h | 38.800 | −0.231% | $98K | $36K | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
tradeXYZ xyz:MINIMAX
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINIMAXUSDT | +0.0588% | 8h | 38.890 | 0.000% | $945K | $1.1M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0944% | 1h | 38.840 | −0.130% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDTlong | +0.0945% | 4h | 38.890 | long leg | $6.5M | $30.7M | 25x | |
| Bitget MINIMAXUSDT | +0.1050% | 8h | 38.864 | −0.067% | $1.3M | $2.5M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1110% | 4h | 38.767 | −0.316% | $482 | $124K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1253% | 8h | 38.960 | +0.180% | $2.4M | $8.4M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1585% | 4h | 38.791 | −0.254% | $29K | $183K | 10x | as long as short |
Bybit MINIMAXUSDT
Extended MINIMAX-USD
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC