Funding you earn now, next payment 00:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h +0.097%
Price spread now: MEXC against Bybit−0.242%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1451.446% of the position
Funding, last 7 days+0.384%+$38 on $10k
+Price spread, last 7 days−0.030%−$3 · spread now −0.242%, 7d avg −0.154%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.088% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.154%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.384%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MINAUSDT | 0.1279 | −0.0123 | get 0.0062% / 4h | 20m 18s | $4.5M | $6.6M | 25x |
| Short | MEXC MINA_USDT | 0.1276 | −0.0332 | pay 0.0332% / 8h | 20m 18s | $1.2M | $1.4M | 50x |
Bybit MINAUSDT
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$43.89
- Price spread: −0.242% → −0.154%
- −$8.82
- Slippage, 4 orders
- −$129.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$197.3
- Costs to cover
- 1.446%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 1 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 | 3.52 bp | 61.9 bp −$62 | 172.0 bp −$1,720 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.35 bp | 8.8 bp −$9 | 47.2 bp −$472 | 93.1 bp −$9,313 | 238.7 bp −$119.3K |
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 | −0.2378% | 1h | 0.1277 | −0.203% | $23K | $86K | 10x | as long as short |
| BloFin MINA-USDT | −0.0338% | 8h | 0.1279 | −0.055% | $256K | $293K | 50x | as long as short |
| Binance MINAUSDT | −0.0332% | 8h | 0.1277 | −0.150% | $4.4M | $33.5M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0332% | 8h | 0.1276 | −0.242% | $1.2M | $1.4M | 50x | |
| Bitget MINAUSDT | −0.0221% | 8h | 0.1277 | −0.164% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0197% | 8h | 0.1278 | −0.094% | $414K | $968K | 50x | as long as short |
| Bybit MINAUSDTlong | −0.0123% | 4h | 0.1279 | long leg | $4.5M | $6.6M | 25x | |
| KuCoin MINAUSDTM | −0.0106% | 8h | 0.1276 | −0.234% | $769K | $502K | 30x | as long as short |
| OKX MINA-USDT-SWAP | −0.0101% | 4h | 0.1278 | −0.109% | $1.9M | $17.0M | 20x | as long as short |
| BingX MINA-USDT | −0.0054% | 8h | 0.1278 | −0.094% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
BloFin MINA-USDT
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
KuCoin MINAUSDTM
OKX MINA-USDT-SWAP
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 | 0.1277 | −0.164% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1280 | +0.069% | $412K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA