Funding you earn now, next payment 08:00 UTC+0.0607%/8h= +66.5% APRnext payment +$6.07 per $10,000 · paid last 24h +0.091%
Price spread now: Bybit against Gate−0.052%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$193as in the Price arb table
costs, in and out, $10k−$1881.883% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.052%, 7d avg −0.004%
=Funding pays, the price is against you. Bybit is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.004%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.162%, 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 -0.162% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.07 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 | 38.800 | 0 | get 0.0000% / 8h | 5h 27m | $1.4M | $4.0M | 50x |
| Short | Bybit MINIMAXUSDT | 38.780 | 0.0607 | get 0.0607% / 8h | 5h 27m | $941K | $1.1M | 25x |
Gate MINIMAX_USDT
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $127.47
- Price spread: −0.052% → −0.004%
- −$4.77
- Slippage, 4 orders
- −$162.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.64
- Costs to cover
- 1.883%
- Break-even
- 10.6 days
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 3 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, 5 min ago | 7.84 bp | 71.6 bp −$72 | 238.3 bp −$2,383 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.89 bp | 40.9 bp −$41 | 192.2 bp −$1,922 | 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 | 38.800 | long leg | $1.4M | $4.0M | 50x | |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.820 | +0.052% | $16 | $2.6M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.820 | +0.052% | $44K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.685 | −0.296% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.725 | −0.193% | $97K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.500 | −0.773% | $29K | $38K | 5x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0141% | 1h | 38.723 | −0.198% | $4.5M | $2.9M | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0304% | 1h | 38.749 | −0.131% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0325% | 8h | 38.832 | +0.082% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0382% | 4h | 38.700 | −0.258% | $98K | $37K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
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 MINIMAXUSDTshort | +0.0607% | 8h | 38.780 | −0.052% | $941K | $1.1M | 25x | |
| Extended MINIMAX-USD | +0.0928% | 1h | 38.756 | −0.112% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0934% | 4h | 38.778 | −0.056% | $6.5M | $30.8M | 25x | as long as short |
| Bitget MINIMAXUSDT | +0.1049% | 8h | 38.783 | −0.044% | $1.3M | $2.5M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1124% | 4h | 38.430 | −0.953% | $469 | $124K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1224% | 8h | 38.860 | +0.155% | $2.4M | $8.3M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1869% | 4h | 38.213 | −1.513% | $29K | $184K | 10x | as long as short |
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC