Funding arb · Price arb /

MINA

all MINA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1041%/8h= −114.0% APRpaid last 24h +0.033%

Price spread now: Bybit against Binance+0.213%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1751.754% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.213%, 7d avg +0.165%

Together, before fees−0.285%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.048% dearer against Binance than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.165%): +$5 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.332% in total) that is about 24 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.332% in total (about -17.3% 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	Binance MINAUSDT	0.1290	0.0011	pay 0.0011% / 8h	2h 59m	$4.3M	$25.9M	50x
Short	Bybit MINAUSDT	0.1293	−0.1029	pay 0.0515% / 4h	2h 59m	$4.4M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$218.58
Price spread: +0.213% → +0.165%: $4.76
Slippage, 4 orders: −$154.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$389.22
Costs to cover: 1.754%
Break-even: never at this rate

Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago	2.71 bp	22.3 bp −$22	144.5 bp −$1,445	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.25 bp	64.1 bp −$64	161.5 bp −$1,615	doesn't fit	doesn't fit

MINA on 12 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
Bybit MINAUSDTshort	−0.1029%	4h	0.1293	+0.213%	$4.4M	$5.1M	25x
OKX MINA-USDT-SWAP	−0.0457%	4h	0.1289	−0.028%	$1.8M	$13.3M	20x	as long as short
Gate MINA_USDT	−0.0192%	8h	0.1291	+0.120%	$413K	$705K	50x	as long as short
Bitget MINAUSDT	−0.0024%	8h	0.1290	+0.019%	$1.8M	$3.3M	50x	as long as short
BloFin MINA-USDT	−0.0006%	8h	0.1289	−0.051%	$243K	$227K	50x	as long as short
KuCoin MINAUSDTM	+0.0010%	8h	0.1290	−0.004%	$761K	$490K	30x	as long as short
Binance MINAUSDTlong	+0.0011%	8h	0.1290	long leg	$4.3M	$25.9M	50x
MEXC MINA_USDT	+0.0012%	8h	0.1290	+0.034%	$1.1M	$1.2M	50x	as long as short
BingX MINA-USDT	+0.0018%	8h	0.1290	+0.003%	—	$2.6M	—	as long as short
Hyperliquid MINA	+0.0100%	1h	0.1289	−0.059%	$3.2M	$1.6M	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MINA	+0.0100%	4h	0.1291	+0.121%	$417K	$69K	—	as long as short
Kraken Futures PF_MINAUSD	+0.1336%	1h	0.1291	+0.095%	$20K	$65K	10x	as long as short