Funding you earn now, next payment 08:00 UTC+0.0892%/8h= +97.7% APRnext payment +$8.92 per $10,000 · paid last 24h +0.159%
Price spread now: Bitget against Gate+0.013%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now +0.013%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Bitget is 0.039% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.92 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 | Gate MINIMAX_USDT | 38.220 | 0 | get 0.0000% / 8h | 4h 40m | $1.4M | $3.8M | 50x |
| Short | Bitget MINIMAXUSDT | 38.225 | 0.0892 | get 0.0892% / 8h | 4h 40m | $1.3M | $2.6M | 20x |
Gate MINIMAX_USDT
Bitget MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $187.32
- Price spread: +0.013% → −0.026%
- $3.92
- Slippage, 4 orders
- −$123.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $40.6
- Costs to cover
- 1.506%
- Break-even
- 5.5 days
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 2 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, 3 min ago | 2.62 bp | 42.9 bp −$43 | 217.7 bp −$2,177 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.33 bp | 20.4 bp −$20 | 41.7 bp −$417 | 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_USDTlong | 0.0000% | 8h | 38.220 | long leg | $1.4M | $3.8M | 50x | |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.290 | +0.183% | $15 | $2.5M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.169 | −0.133% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.207 | −0.034% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.208 | −0.031% | $96K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 37.960 | −0.680% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0192% | 1h | 38.221 | +0.003% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0330% | 8h | 38.230 | +0.026% | $940K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0341% | 8h | 38.223 | +0.007% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0452% | 4h | 38.200 | −0.052% | $97K | $35K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MINIMAX_USDT_Perp | +0.0826% | 4h | 38.085 | −0.352% | $238 | $126K | 10x | as long as short |
| Extended MINIMAX-USD | +0.0856% | 1h | 38.227 | +0.018% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0857% | 4h | 38.190 | −0.078% | $6.4M | $31.3M | 25x | as long as short |
| Bitget MINIMAXUSDTshort | +0.0892% | 8h | 38.225 | +0.013% | $1.3M | $2.6M | 20x | |
| tradeXYZ xyz:MINIMAX | +0.0892% | 1h | 38.194 | −0.068% | $4.5M | $2.9M | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1338% | 8h | 38.270 | +0.131% | $2.6M | $8.6M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1657% | 4h | 38.019 | −0.525% | $29K | $182K | 10x | as long as short |
GRVT MINIMAX_USDT_Perp
Extended MINIMAX-USD
Binance MINIMAXUSDT
tradeXYZ xyz:MINIMAX
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC