Funding you earn now, next payment 08:00 UTC+0.1259%/8h= +137.9% APRnext payment +$12.59 per $10,000 · paid last 24h +0.196%
Price spread now: OKX against Gate−0.079%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1231.229% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.079%, 7d avg +0.010%
=Funding pays, the price is against you. OKX is 0.089% cheaper against Gate than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.010%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.021% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.59 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 | 37.830 | 0 | get 0.0000% / 8h | 3h 41m | $1.4M | $3.8M | 50x |
| Short | OKX MINIMAX-USDT-SWAP | 37.800 | 0.1259 | get 0.1259% / 8h | 3h 41m | $2.6M | $8.3M | 20x |
Gate MINIMAX_USDT
OKX MINIMAX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $264.49
- Price spread: −0.079% → +0.010%
- −$8.92
- Slippage, 4 orders
- −$97.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $132.67
- Costs to cover
- 1.229%
- Break-even
- 3.5 days
Slippage from Gate: live order book, 2 min ago; OKX: 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, 2 min ago | 2.64 bp | 22.9 bp −$23 | 210.7 bp −$2,107 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.96 bp | 15.8 bp −$16 | 127.0 bp −$1,270 | 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 | 37.830 | long leg | $1.4M | $3.8M | 50x | |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.880 | +0.132% | $452 | $126K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.800 | −0.079% | $15 | $2.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.765 | −0.172% | $42K | $219K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 37.796 | −0.090% | $42K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.779 | −0.135% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 37.640 | −0.502% | $26K | $41K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.797 | −0.088% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0166% | 8h | 37.810 | −0.053% | $927K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0254% | 8h | 37.827 | −0.008% | $34K | $150K | 20x | as long as short |
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | +0.0310% | 4h | 37.822 | −0.020% | $28K | $182K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0348% | 1h | 37.786 | −0.116% | $4.4M | $2.9M | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0398% | 4h | 37.800 | −0.079% | $100K | $39K | 20x | as long as short |
| Extended MINIMAX-USD | +0.0656% | 1h | 37.759 | −0.187% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0659% | 4h | 37.770 | −0.159% | $6.3M | $30.9M | 25x | as long as short |
| Bitget MINIMAXUSDT | +0.0685% | 8h | 37.766 | −0.169% | $1.3M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAPshort | +0.1259% | 8h | 37.800 | −0.079% | $2.6M | $8.3M | 20x |
edgeX MINIMAXUSDC
tradeXYZ xyz:MINIMAX
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bitget MINIMAXUSDT