Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.207%
Price spread now: Binance against Gate−0.106%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1491.487% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now −0.106%, 7d avg +0.004%
=Funding pays, the price is against you. Binance is 0.110% cheaper against Gate than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.004%). If the spread goes back, that is −$11 on $10k: about 36 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.038% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% 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 | Gate MINIMAX_USDT | 37.790 | 0 | get 0.0000% / 8h | 3h 16m | $1.4M | $3.8M | 50x |
| Short | Binance MINIMAXUSDT | 37.750 | 0.0242 | get 0.0121% / 4h | 3h 16m | $6.3M | $30.8M | 25x |
Gate MINIMAX_USDT
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $50.75
- Price spread: −0.106% → +0.004%
- −$10.99
- Slippage, 4 orders
- −$123.7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.94
- Costs to cover
- 1.487%
- Break-even
- 22.0 days
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 10 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 Gate live order book, 1 min ago | 9.26 bp | 51.5 bp −$52 | 233.7 bp −$2,337 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.65 bp | 13.5 bp −$14 | 39.1 bp −$391 | 182.6 bp −$18.3K | 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_USDTlong | 0.0000% | 8h | 37.790 | long leg | $1.4M | $3.8M | 50x | |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.756 | −0.089% | $430 | $126K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.770 | −0.053% | $15 | $2.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.689 | −0.267% | $42K | $225K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 37.726 | −0.169% | $43K | $25K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0050% | 1h | 37.719 | −0.188% | $4.4M | $2.9M | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.750 | −0.106% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 37.650 | −0.370% | $26K | $41K | 5x | as long as short |
| Bybit MINIMAXUSDT | +0.0051% | 8h | 37.780 | −0.026% | $926K | $1.0M | 25x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0100% | 4h | 37.730 | −0.159% | $100K | $38K | 20x | as long as short |
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
tradeXYZ xyz:MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Bybit MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.739 | −0.135% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0163% | 8h | 37.762 | −0.074% | $33K | $150K | 20x | as long as short |
| Binance MINIMAXUSDTshort | +0.0242% | 4h | 37.750 | −0.106% | $6.3M | $30.8M | 25x | |
| Extended MINIMAX-USD | +0.0256% | 1h | 37.749 | −0.107% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0473% | 8h | 37.772 | −0.048% | $1.3M | $2.7M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0773% | 4h | 37.732 | −0.155% | $28K | $183K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1067% | 8h | 37.790 | 0.000% | $2.7M | $8.3M | 20x | as long as short |
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
Extended MINIMAX-USD
Bitget MINIMAXUSDT
edgeX MINIMAXUSDC
OKX MINIMAX-USDT-SWAP