Funding you earn now, next payment 08:00 UTC−0.0298%/8h= −32.6% APRnext payment −$2.98 per $10,000 · paid last 24h −0.094%
Price spread now: MEXC against BingX−0.085%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days−0.537%−$54 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.085%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.039% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MINA-USDT | 0.1290 | −0.0029 | get 0.0029% / 8h | 7h 33m | — | $2.7M | — |
| Short | MEXC MINA_USDT | 0.1289 | −0.0327 | pay 0.0327% / 8h | 7h 33m | $1.2M | $1.4M | 50x |
BingX MINA-USDT
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$62.58
- Price spread: −0.085% → −0.046%
- −$3.95
- Slippage, 4 orders
- −$48.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$128.55
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; MEXC: 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 BingX live order book, 1 min ago | 5.05 bp | 21.2 bp −$21 | 65.2 bp −$652 | 381.1 bp −$38.1K | 477.9 bp −$239.0K |
| Sell MEXC live order book, 3 min ago | 0.77 bp | 5.2 bp −$5 | 45.3 bp −$453 | 74.8 bp −$7,484 | 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 | −0.3326% | 1h | 0.1288 | −0.141% | $23K | $81K | 10x | as long as short |
| Bybit MINAUSDT | −0.0938% | 4h | 0.1291 | +0.085% | $4.5M | $6.6M | 25x | as long as short |
| Gate MINA_USDT | −0.0540% | 8h | 0.1289 | −0.047% | $416K | $947K | 50x | as long as short |
| Binance MINAUSDT | −0.0328% | 8h | 0.1289 | −0.082% | $4.4M | $33.3M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0327% | 8h | 0.1289 | −0.085% | $1.2M | $1.4M | 50x | |
| BloFin MINA-USDT | −0.0318% | 8h | 0.1290 | −0.008% | $256K | $290K | 50x | as long as short |
| Bitget MINAUSDT | −0.0232% | 8h | 0.1289 | −0.062% | $1.8M | $3.8M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0088% | 8h | 0.1288 | −0.109% | $773K | $501K | 30x | as long as short |
| BingX MINA-USDTlong | −0.0029% | 8h | 0.1290 | long leg | — | $2.7M | — | |
| OKX MINA-USDT-SWAP | +0.0033% | 4h | 0.1289 | −0.078% | $1.9M | $17.2M | 20x | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Gate MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
KuCoin MINAUSDTM
OKX MINA-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1290 | +0.016% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1292 | +0.159% | $417K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA