Funding you earn now, next payment 04:00 UTC−0.0813%/8h= −89.0% APRnext payment −$1.02 per $10,000 · paid last 24h −0.193%
Price spread now: SoDEX against tradeXYZ−0.198%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.244%−$24 on $10k
+Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.198%, 7d avg −0.003%
=Together, before fees+0.074%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and SoDEX is 0.195% cheaper against tradeXYZ than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.244% in total (about -27.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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 | tradeXYZ xyz:MINIMAX | 38.352 | 0.0863 | pay 0.0108% / 1h | 59m 14s | $4.5M | $2.9M | 10x |
| Short | SoDEX MINIMAX-USD | 38.276 | 0.0050 | get 0.0006% / 1h | 59m 14s | $96K | $3K | 10x |
tradeXYZ xyz:MINIMAX
SoDEX MINIMAX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against tradeXYZ. 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
- −$170.7
- Price spread: −0.198% → −0.003%
- −$19.51
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$216.22
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 9 min ago; SoDEX: no order-book sample. Net counts fees only.
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 tradeXYZ live order book, 9 min ago | 2.84 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 38.390 | +0.099% | $1.4M | $3.7M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.400 | +0.125% | $15 | $2.5M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.441 | +0.232% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.328 | −0.063% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USDshort | +0.0050% | 1h | 38.276 | −0.198% | $96K | $3K | 10x | |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.280 | −0.188% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0224% | 1h | 38.291 | −0.158% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0329% | 8h | 38.331 | −0.056% | $34K | $150K | 20x | as long as short |
| Bybit MINIMAXUSDT | +0.0366% | 8h | 38.370 | +0.047% | $944K | $1.1M | 25x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0390% | 4h | 38.300 | −0.136% | $97K | $36K | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MINIMAXUSDT | +0.0845% | 4h | 38.305 | −0.122% | $6.5M | $31.2M | 25x | as long as short |
| Extended MINIMAX-USD | +0.0848% | 1h | 38.274 | −0.203% | $3K | — | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0860% | 4h | 38.440 | +0.230% | $712 | $125K | 10x | as long as short |
| tradeXYZ xyz:MINIMAXlong | +0.0863% | 1h | 38.352 | long leg | $4.5M | $2.9M | 10x | |
| Bitget MINIMAXUSDT | +0.0925% | 8h | 38.357 | +0.013% | $1.3M | $2.6M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1033% | 4h | 38.413 | +0.159% | $29K | $184K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1278% | 8h | 38.490 | +0.360% | $2.6M | $8.6M | 20x | as long as short |
Binance MINIMAXUSDT
Extended MINIMAX-USD
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
edgeX MINIMAXUSDC
OKX MINIMAX-USDT-SWAP