Funding you earn now, next payment 12:00 UTC−0.0825%/8h= −90.3% APRpaid last 24h −0.021%
Price spread now: HTX against Gate−0.078%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1561.558% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)+0.270%+$27 · spread now −0.078%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and HTX is 0.066% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.280% in total (about -14.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MINIMAX_USDT | 36.950 | 0.0825 | pay 0.0825% / 8h | 4h 49m | $1.3M | $2.9M | 50x |
| Short | HTX MINIMAX-USDT | 36.921 | 0 | get 0.0000% / 4h | 49m 17s | $50K | $265K | 20x |
Gate MINIMAX_USDT
HTX MINIMAX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$173.25
- Price spread: −0.078% → −0.012%
- −$6.63
- Slippage, 4 orders
- −$128.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$335.73
- Costs to cover
- 1.558%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; HTX: live order book, 55 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, 2 min ago | 5.41 bp | 63.0 bp −$63 | 229.7 bp −$2,297 | doesn't fit | doesn't fit |
| Sell HTX live order book, 55 min ago | 4.06 bp | 13.0 bp −$13 | 58.8 bp −$588 | doesn't fit | doesn't fit |
MINIMAX on 17 exchanges
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 | 36.930 | −0.054% | $15 | $1.1M | 10x | as long as short |
| HTX MINIMAX-USDTshort | 0.0000% | 4h | 36.921 | −0.078% | $50K | $265K | 20x | |
| Lighter MINIMAX | +0.0032% | 1h | 36.926 | −0.065% | $41K | $11K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0050% | 1h | 36.913 | −0.100% | $5.0M | $3.4M | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.929 | −0.057% | $93K | $3K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0186% | 8h | 36.972 | +0.060% | $34K | $5K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0432% | 1h | 36.922 | −0.075% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0676% | 8h | 36.950 | 0.000% | $953K | $901K | 25x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0748% | 4h | 36.920 | −0.081% | $113K | $271K | 20x | as long as short |
| Gate MINIMAX_USDTlong | +0.0825% | 8h | 36.950 | long leg | $1.3M | $2.9M | 50x |
SunX MINIMAX-USDT
Lighter MINIMAX
tradeXYZ xyz:MINIMAX
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDT | +0.1012% | 8h | 36.923 | −0.073% | $1.2M | $2.8M | 20x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.1054% | 1h | 36.860 | −0.244% | $21K | $58K | 5x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1426% | 8h | 36.950 | 0.000% | $2.7M | $8.2M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1444% | 4h | 36.952 | +0.006% | $247 | $107K | 10x | as long as short |
| Extended MINIMAX-USD | +0.1568% | 1h | 36.896 | −0.147% | $3K | $920 | 10x | as long as short |
| Binance MINIMAXUSDT | +0.1570% | 4h | 36.906 | −0.120% | $6.3M | $29.9M | 25x | as long as short |
| edgeX MINIMAXUSDC | +0.1975% | 4h | 36.924 | −0.071% | $28K | $182K | 10x | as long as short |
Bitget MINIMAXUSDT
Ondo Perps MINIMAX-USD.P
OKX MINIMAX-USDT-SWAP
GRVT MINIMAX_USDT_Perp
Extended MINIMAX-USD
Binance MINIMAXUSDT
edgeX MINIMAXUSDC