Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h +0.153%
Price spread now: tradeXYZ against Bybit−0.123%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1311.314% of the position
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now −0.123%, 7d avg −0.074%
=Together, before fees+0.403%+ Points / potential airdroptradeXYZ: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.049% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.417%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MINIMAXUSDT | 36.550 | 0.0393 | pay 0.0393% / 8h | 30m 43s | $920K | $962K | 25x |
| Short | tradeXYZ xyz:MINIMAX | 36.505 | 0.0315 | get 0.0039% / 1h | 30m 43s | $4.8M | $3.3M | 10x |
Bybit MINIMAXUSDT
tradeXYZ xyz:MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$16.42
- Price spread: −0.123% → −0.074%
- −$4.93
- Slippage, 4 orders
- −$102.39
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$152.75
- Costs to cover
- 1.314%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; tradeXYZ: live order book, 8 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 | 4.11 bp | 45.7 bp −$46 | 220.4 bp −$2,204 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 3.29 bp | 13.1 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.580 | +0.082% | $15 | $1.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.552 | +0.005% | $49K | $232K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.540 | −0.027% | $92K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 36.550 | 0.000% | $23K | $52K | 5x | as long as short |
| Lighter MINIMAX | +0.0056% | 1h | 36.539 | −0.030% | $41K | $23K | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0070% | 4h | 36.510 | −0.109% | $27K | $184K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.555 | +0.013% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAXshort | +0.0315% | 1h | 36.505 | −0.123% | $4.8M | $3.3M | 10x | |
| Gate MINIMAX_USDT | +0.0367% | 8h | 36.590 | +0.109% | $1.3M | $2.9M | 50x | as long as short |
| Bybit MINIMAXUSDTlong | +0.0393% | 8h | 36.550 | long leg | $920K | $962K | 25x |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Lighter MINIMAX
edgeX MINIMAXUSDC
Aevo MINIMAX-PERP
Gate MINIMAX_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MINIMAXUSDT | +0.0591% | 8h | 36.493 | −0.155% | $32K | $6K | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.0706% | 8h | 36.544 | −0.016% | $1.2M | $2.7M | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0750% | 4h | 36.550 | 0.000% | $96K | $35K | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0770% | 4h | 36.487 | −0.172% | $1K | $123K | 10x | as long as short |
| Extended MINIMAX-USD | +0.0856% | 1h | 36.538 | −0.033% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0858% | 4h | 36.547 | −0.009% | $6.4M | $30.2M | 25x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1409% | 8h | 36.590 | +0.109% | $2.8M | $8.0M | 20x | as long as short |
Aster MINIMAXUSDT
Bitget MINIMAXUSDT
KuCoin MINIMAXUSDTM
GRVT MINIMAX_USDT_Perp
Extended MINIMAX-USD
Binance MINIMAXUSDT
OKX MINIMAX-USDT-SWAP