Funding you earn now, next payment 03:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.053%
Price spread now: SoDEX against Bybit−0.488%46s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4124.116% of the position
Funding, last 3 days (all we have)−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)+0.581%+$58 · spread now −0.488%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SoDEX is 0.455% cheaper against Bybit than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.081% in total (about -9.1% 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 | Bybit MINIMAXUSDT | 38.960 | 0.0588 | pay 0.0588% / 8h | 5h 25m | $946K | $1.1M | 25x |
| Short | SoDEX MINIMAX-USD | 38.770 | 0.0050 | get 0.0006% / 1h | 25m 25s | $97K | $3K | 10x |
Bybit MINIMAXUSDT
SoDEX MINIMAX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Bybit. 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
- −$113.05
- Price spread: −0.488% → −0.033%
- −$45.49
- Slippage, 4 orders
- −$392.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$570.09
- Costs to cover
- 4.116%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; SoDEX: live order book, 88 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 Bybit live order book, 5 min ago | 3.89 bp | 45.5 bp −$46 | 208.8 bp −$2,088 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 88 min ago | 5.51 bp | 169.1 bp −$169 | doesn't fit | 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 | 38.950 | −0.026% | $1.4M | $4.0M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.840 | −0.308% | $16 | $2.6M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.797 | −0.418% | $44K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.847 | −0.290% | $44K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USDshort | +0.0050% | 1h | 38.770 | −0.488% | $97K | $3K | 10x | |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.500 | −1.181% | $29K | $38K | 5x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0220% | 1h | 38.916 | −0.113% | $4.5M | $2.9M | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0304% | 1h | 38.769 | −0.491% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0333% | 8h | 38.920 | −0.103% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0394% | 4h | 38.830 | −0.334% | $98K | $36K | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
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 MINIMAXUSDTlong | +0.0588% | 8h | 38.960 | long leg | $946K | $1.1M | 25x | |
| Extended MINIMAX-USD | +0.0944% | 1h | 38.913 | −0.120% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0945% | 4h | 38.920 | −0.103% | $6.5M | $30.6M | 25x | as long as short |
| Bitget MINIMAXUSDT | +0.1050% | 8h | 38.943 | −0.044% | $1.3M | $2.5M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1110% | 4h | 38.767 | −0.496% | $482 | $124K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1253% | 8h | 39.020 | +0.154% | $2.4M | $8.4M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1585% | 4h | 38.791 | −0.433% | $29K | $183K | 10x | as long as short |
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC