Funding you earn now, next payment 04:00 UTC−0.0457%/8h= −50.0% APRpaid last 24h +0.034%
Price spread now: tradeXYZ against OKX−0.073%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now −0.073%, 7d avg −0.087%
=Together, before fees+0.123%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.1% 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 | OKX MINIMAX-USDT-SWAP | 38.350 | 0.1278 | pay 0.1278% / 8h | 4h 59m | $2.6M | $8.6M | 20x |
| Short | tradeXYZ xyz:MINIMAX | 38.322 | 0.0821 | get 0.0103% / 1h | 59m 24s | $4.5M | $2.9M | 10x |
OKX MINIMAX-USDT-SWAP
tradeXYZ xyz:MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- −$95.95
- Price spread: −0.073% → −0.087%
- $1.36
- Slippage, 4 orders
- −$41.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$164.54
- Costs to cover
- 0.699%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; tradeXYZ: live order book, 9 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 OKX live order book, 4 min ago | 3.90 bp | 16.3 bp −$16 | 87.2 bp −$872 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 2.84 bp | 18.8 bp −$19 | doesn't fit | 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_USDT | 0.0000% | 8h | 38.370 | +0.052% | $1.4M | $3.7M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.400 | +0.130% | $15 | $2.5M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.441 | +0.237% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.313 | −0.096% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.276 | −0.193% | $96K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.280 | −0.183% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0224% | 1h | 38.291 | −0.153% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0329% | 8h | 38.327 | −0.060% | $34K | $150K | 20x | as long as short |
| Bybit MINIMAXUSDT | +0.0366% | 8h | 38.290 | −0.156% | $941K | $1.1M | 25x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0390% | 4h | 38.330 | −0.052% | $97K | $36K | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
Bybit MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MINIMAXshort | +0.0821% | 1h | 38.322 | −0.073% | $4.5M | $2.9M | 10x | |
| Binance MINIMAXUSDT | +0.0845% | 4h | 38.270 | −0.209% | $6.4M | $31.2M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0848% | 1h | 38.274 | −0.198% | $3K | — | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0860% | 4h | 38.440 | +0.235% | $712 | $125K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0925% | 8h | 38.282 | −0.177% | $1.3M | $2.6M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1033% | 4h | 38.413 | +0.164% | $29K | $184K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAPlong | +0.1278% | 8h | 38.350 | long leg | $2.6M | $8.6M | 20x |
Binance MINIMAXUSDT
Extended MINIMAX-USD
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
edgeX MINIMAXUSDC