Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.089%
Price spread now: BloFin against BingX+0.086%66s7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1081.075% of the position
Funding, last 7 days−0.529%−$53 on $10k
+Price spread, last 4 days (all we have)+0.623%+$62 · spread now +0.086%, 7d avg −0.069%
=The price spread pays, funding is against you. BloFin is 0.155% dearer against BingX than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.069%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.529% in total) that is about 2.0 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1286 | −0.0093 | get 0.0093% / 8h | 5h 12m | — | $2.7M | — |
| Short | BloFin MINA-USDT | 0.1287 | −0.0130 | pay 0.0130% / 8h | 5h 12m | $244K | $264K | 50x |
BingX MINA-USDT
BloFin MINA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$7.72
- Price spread: +0.086% → −0.069%
- $15.46
- Slippage, 4 orders
- −$85.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$99.78
- Costs to cover
- 1.075%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 27 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 BingX live order book, 3 min ago | 6.20 bp | 33.6 bp −$34 | 117.5 bp −$1,175 | 364.7 bp −$36.5K | 423.7 bp −$211.8K |
| Sell BloFin live order book, 27 min ago | 13.03 bp | 27.4 bp −$27 | 65.4 bp −$654 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.5098% | 1h | 0.1290 | +0.322% | $20K | $82K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0315% | 4h | 0.1284 | −0.132% | $1.8M | $16.3M | 20x | as long as short |
| Bybit MINAUSDT | −0.0285% | 4h | 0.1287 | +0.117% | $4.5M | $6.0M | 25x | as long as short |
| BloFin MINA-USDTshort | −0.0130% | 8h | 0.1287 | +0.086% | $244K | $264K | 50x | |
| Gate MINA_USDT | −0.0122% | 8h | 0.1285 | −0.008% | $409K | $909K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0118% | 8h | 0.1286 | +0.070% | $753K | $511K | 30x | as long as short |
| MEXC MINA_USDT | −0.0116% | 8h | 0.1285 | −0.078% | $1.2M | $1.4M | 50x | as long as short |
| Bitget MINAUSDT | −0.0114% | 8h | 0.1287 | +0.140% | $1.9M | $3.7M | 50x | as long as short |
| Binance MINAUSDT | −0.0113% | 8h | 0.1285 | −0.083% | $4.3M | $32.0M | 50x | as long as short |
| BingX MINA-USDTlong | −0.0093% | 8h | 0.1286 | long leg | — | $2.7M | — |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Bybit MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTM
MEXC MINA_USDT
Bitget MINAUSDT
Binance MINAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1284 | −0.103% | $3.3M | $2.5M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1286 | +0.023% | $415K | $86K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA