Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against BloFin−0.314%109s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as 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−$680.680% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.587%−$59 · spread now −0.314%, 7d avg +0.005%
=Funding pays, the price is against you. MEXC is 0.320% cheaper against BloFin than usual: you would sell low and buy high (spread −0.314% now, against its 7-day average of +0.005%). If the spread goes back, that is −$32 on $10k: about 40 days of funding at the current rate (+$1 a day). The two prices were read 109 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 | 0.1273 | −0.0178 | get 0.0178% / 8h | 5h 29m | $246K | $263K | 50x |
| Short | MEXC MINA_USDT | 0.1269 | −0.0152 | pay 0.0152% / 8h | 5h 29m | $1.2M | $1.4M | 50x |
BloFin MINA-USDT
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $5.56
- Price spread: −0.314% → +0.005%
- −$31.96
- Slippage, 4 orders
- −$52.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$94.42
- Costs to cover
- 0.680%
- Break-even
- 126.0 days
Slippage from BloFin: live order book, 10 min ago; MEXC: live order book, 2 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, 10 min ago | 13.03 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.18 bp | 6.6 bp −$7 | 50.8 bp −$508 | 98.3 bp −$9,825 | 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 | −0.5193% | 1h | 0.1266 | −0.543% | $23K | $78K | 10x | as long as short |
| Bybit MINAUSDT | −0.0336% | 4h | 0.1271 | −0.173% | $4.4M | $6.0M | 25x | as long as short |
| OKX MINA-USDT-SWAP | −0.0294% | 4h | 0.1269 | −0.306% | $1.8M | $16.3M | 20x | as long as short |
| Gate MINA_USDT | −0.0195% | 8h | 0.1270 | −0.236% | $404K | $901K | 50x | as long as short |
| BloFin MINA-USDTlong | −0.0178% | 8h | 0.1273 | long leg | $246K | $263K | 50x | |
| MEXC MINA_USDTshort | −0.0152% | 8h | 0.1269 | −0.314% | $1.2M | $1.4M | 50x | |
| Bitget MINAUSDT | −0.0152% | 8h | 0.1270 | −0.244% | $1.8M | $3.7M | 50x | as long as short |
| Binance MINAUSDT | −0.0152% | 8h | 0.1269 | −0.314% | $4.2M | $32.2M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0144% | 8h | 0.1270 | −0.275% | $734K | $508K | 30x | as long as short |
| BingX MINA-USDT | −0.0129% | 8h | 0.1270 | −0.244% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
OKX MINA-USDT-SWAP
Gate MINA_USDT
Bitget MINAUSDT
Binance MINAUSDT
KuCoin MINAUSDTM
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1269 | −0.314% | $3.3M | $2.5M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1273 | −0.036% | $410K | $86K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA