Funding you earn now, next payment 12:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.042%
Price spread now: BloFin against Bybit−0.345%62s7-day average −0.189% · you buy dearer than you sell
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−$1191.192% of the position
Funding, last 7 days+0.390%+$39 on $10k
+Price spread, last 4 days (all we have)+0.623%+$62 · spread now −0.345%, 7d avg −0.189%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.156% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.189%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.390%, so the current rate has only just turned against you. The two prices were read 62 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 | Bybit MINAUSDT | 0.1362 | −0.0771 | get 0.0386% / 4h | 1h 52m | $4.8M | $3.8M | 25x |
| Short | BloFin MINA-USDT | 0.1357 | −0.0878 | pay 0.0878% / 8h | 5h 52m | $260K | $158K | 50x |
Bybit MINAUSDT
BloFin MINA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$22.29
- Price spread: −0.345% → −0.189%
- −$15.58
- Slippage, 4 orders
- −$96.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$157.11
- Costs to cover
- 1.192%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 54 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 Bybit live order book, 3 min ago | 0.37 bp | 25.2 bp −$25 | 144.0 bp −$1,440 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 1.47 bp | 30.5 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
MINA on 12 exchanges
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 | −0.4306% | 1h | 0.1356 | −0.433% | $22K | $39K | 10x | as long as short |
| BloFin MINA-USDTshort | −0.0878% | 8h | 0.1357 | −0.345% | $260K | $158K | 50x | |
| OKX MINA-USDT-SWAP | −0.0867% | 4h | 0.1358 | −0.250% | $1.9M | $8.1M | 20x | as long as short |
| Binance MINAUSDT | −0.0861% | 8h | 0.1359 | −0.169% | $4.6M | $17.0M | 50x | as long as short |
| MEXC MINA_USDT | −0.0859% | 8h | 0.1357 | −0.316% | $1.3M | $856K | 50x | as long as short |
| Bitget MINAUSDT | −0.0827% | 8h | 0.1358 | −0.264% | $1.9M | $2.4M | 50x | as long as short |
| Gate MINA_USDT | −0.0808% | 8h | 0.1359 | −0.162% | $446K | $461K | 50x | as long as short |
| Bybit MINAUSDTlong | −0.0771% | 4h | 0.1362 | long leg | $4.8M | $3.8M | 25x | |
| KuCoin MINAUSDTM | −0.0550% | 8h | 0.1358 | −0.250% | $810K | $306K | 30x | as long as short |
| Hyperliquid MINA | −0.0341% | 1h | 0.1357 | −0.316% | $3.3M | $1.3M | 3x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Binance MINAUSDT
MEXC MINA_USDT
Bitget MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTM
Hyperliquid MINAShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | −0.0308% | 8h | 0.1361 | −0.073% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1351 | −0.763% | $440K | $54K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA