Funding you earn now, next payment 03:00 UTC−0.1009%/8h= −110.4% APRpaid last 24h +0.082%
Price spread now: tradeXYZ against edgeX−0.522%46s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.778% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.447%+$45 · spread now −0.522%, 7d avg +0.004%
=Together, before fees+0.456%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and tradeXYZ is 0.526% cheaper against edgeX than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.004%). 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 7 days it paid 0.009% in total (about 0.5% 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 | edgeX MINIMAXUSDC | 38.661 | 0.1389 | pay 0.0694% / 4h | 1h 00m | $29K | $183K | 10x |
| Short | tradeXYZ xyz:MINIMAX | 38.459 | 0.0380 | get 0.0048% / 1h | 0m 47s | $4.5M | $2.9M | 10x |
edgeX MINIMAXUSDC
tradeXYZ xyz:MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against edgeX. 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
- −$211.79
- Price spread: −0.522% → +0.004%
- −$52.57
- Slippage, 4 orders
- −$50.76
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$342.12
- Costs to cover
- 0.778%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 61 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 edgeX live order book, 61 min ago | 11.62 bp | 24.1 bp −$24 | 190.3 bp −$1,903 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 2.84 bp | 18.8 bp −$19 | 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 | 38.460 | −0.519% | $1.4M | $4.1M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.480 | −0.467% | $15 | $2.5M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.386 | −0.710% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.428 | −0.602% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.408 | −0.654% | $96K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.280 | −0.985% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0232% | 1h | 38.416 | −0.633% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0331% | 8h | 38.453 | −0.536% | $34K | $150K | 20x | as long as short |
| Bybit MINIMAXUSDT | +0.0376% | 8h | 38.460 | −0.519% | $945K | $1.1M | 25x | as long as short |
| tradeXYZ xyz:MINIMAXshort | +0.0380% | 1h | 38.459 | −0.522% | $4.5M | $2.9M | 10x |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
Bybit MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0392% | 4h | 38.450 | −0.545% | $97K | $36K | 20x | as long as short |
| Binance MINIMAXUSDT | +0.0850% | 4h | 38.429 | −0.600% | $6.5M | $31.2M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0856% | 1h | 38.429 | −0.600% | $3K | — | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0876% | 4h | 38.463 | −0.513% | $717 | $126K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0933% | 8h | 38.434 | −0.586% | $1.3M | $2.6M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1267% | 8h | 38.510 | −0.390% | $2.6M | $8.6M | 20x | as long as short |
| edgeX MINIMAXUSDClong | +0.1389% | 4h | 38.661 | long leg | $29K | $183K | 10x |
KuCoin MINIMAXUSDTM
Binance MINIMAXUSDT
Extended MINIMAX-USD
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP