Funding arb · Price arb /

MINA

all MINA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0997%/8h= −109.2% APRpaid last 24h −0.033%

Price spread now: Bybit against Bitget+0.225%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1671.666% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$38 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.225%, 7d avg +0.146%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.078% dearer against Bitget than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of +0.146%): +$8 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.375% in total) that is about 35 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.375% in total (about -19.6% 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	Bitget MINAUSDT	0.1289	−0.0011	get 0.0011% / 8h	3h 09m	$1.8M	$3.3M	50x
Short	Bybit MINAUSDT	0.1292	−0.1008	pay 0.0504% / 4h	3h 09m	$4.4M	$5.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$209.4
Price spread: +0.225% → +0.146%: $7.84
Slippage, 4 orders: −$143.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$368.14
Costs to cover: 1.666%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago	6.59 bp	22.6 bp −$23	87.8 bp −$878	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.48 bp	59.1 bp −$59	163.0 bp −$1,630	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	−0.1008%	4h	0.1292	+0.225%	$4.4M	$5.2M	25x
OKX MINA-USDT-SWAP	−0.0442%	4h	0.1290	+0.070%	$1.8M	$13.4M	20x	as long as short
Gate MINA_USDT	−0.0176%	8h	0.1290	+0.093%	$412K	$744K	50x	as long as short
Hyperliquid MINA	−0.0045%	1h	0.1290	+0.081%	$3.2M	$1.6M	3x	as long as short
Bitget MINAUSDTlong	−0.0011%	8h	0.1289	long leg	$1.8M	$3.3M	50x
BloFin MINA-USDT	−0.0004%	8h	0.1291	+0.124%	$244K	$228K	50x	as long as short
Binance MINAUSDT	+0.0013%	8h	0.1290	+0.093%	$4.3M	$26.1M	50x	as long as short
MEXC MINA_USDT	+0.0017%	8h	0.1290	+0.070%	$1.1M	$1.2M	50x	as long as short
BingX MINA-USDT	+0.0020%	8h	0.1290	+0.054%	—	$2.6M	—	as long as short
KuCoin MINAUSDTM	+0.0031%	8h	0.1290	+0.016%	$759K	$491K	30x	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	0.1293	+0.265%	$417K	$69K	—	as long as short
Kraken Futures PF_MINAUSD	+0.1337%	1h	0.1290	+0.064%	$20K	$65K	10x	as long as short