Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against BloFin+0.037%91s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as 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−$790.791% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.037%, 7d avg −0.003%
=The price spread pays, funding is against you. Binance is 0.040% dearer against BloFin than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.005% in total) that is about 54 days. The two prices were read 91 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 | BloFin MINA-USDT | 0.1289 | −0.0297 | get 0.0297% / 8h | 7h 33m | $255K | $290K | 50x |
| Short | Binance MINAUSDT | 0.1289 | −0.0328 | pay 0.0328% / 8h | 7h 33m | $4.4M | $33.3M | 50x |
BloFin MINA-USDT
Binance MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$6.53
- Price spread: +0.037% → −0.003%
- $4.02
- Slippage, 4 orders
- −$57.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$81.58
- Costs to cover
- 0.791%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; Binance: live order book, 8 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 BloFin live order book, 36 min ago | 0.78 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.93 bp | 20.1 bp −$20 | 112.0 bp −$1,120 | 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 | −0.3324% | 1h | 0.1289 | +0.008% | $23K | $81K | 10x | as long as short |
| Bybit MINAUSDT | −0.0938% | 4h | 0.1291 | +0.178% | $4.5M | $6.6M | 25x | as long as short |
| Gate MINA_USDT | −0.0510% | 8h | 0.1289 | +0.047% | $416K | $947K | 50x | as long as short |
| Binance MINAUSDTshort | −0.0328% | 8h | 0.1289 | +0.037% | $4.4M | $33.3M | 50x | |
| MEXC MINA_USDT | −0.0327% | 8h | 0.1289 | +0.039% | $1.2M | $1.4M | 50x | as long as short |
| BloFin MINA-USDTlong | −0.0297% | 8h | 0.1289 | long leg | $255K | $290K | 50x | |
| Bitget MINAUSDT | −0.0231% | 8h | 0.1290 | +0.062% | $1.8M | $3.8M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0086% | 8h | 0.1289 | +0.016% | $773K | $502K | 30x | as long as short |
| BingX MINA-USDT | −0.0029% | 8h | 0.1290 | +0.093% | — | $2.7M | — | as long as short |
| OKX MINA-USDT-SWAP | +0.0035% | 4h | 0.1289 | +0.054% | $1.9M | $17.2M | 20x | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Gate MINA_USDT
MEXC MINA_USDT
Bitget MINAUSDT
KuCoin MINAUSDTM
BingX MINA-USDT
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 | +0.116% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1292 | +0.244% | $417K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA