Funding you earn now, next payment 08:00 UTC−0.2004%/8h= −219.5% APRpaid last 24h −0.063%
Price spread now: Bybit against Gate+0.292%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2332.332% of the position
Funding, last 7 days−0.520%−$52 on $10k
+Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.292%, 7d avg +0.127%
=The price spread pays, funding is against you. Bybit is 0.165% dearer against Gate than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of +0.127%): +$17 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.520% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.520% in total (about -27.1% 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 | Gate MINA_USDT | 0.1335 | −0.0211 | get 0.0211% / 8h | 42m 17s | $437K | $622K | 50x |
| Short | Bybit MINAUSDT | 0.1339 | −0.2215 | pay 0.1108% / 4h | 42m 17s | $4.6M | $4.8M | 25x |
Gate MINA_USDT
Bybit MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$420.93
- Price spread: +0.292% → +0.127%
- $16.52
- Slippage, 4 orders
- −$207.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$637.57
- Costs to cover
- 2.332%
- Break-even
- never at this rate
Slippage from Gate: live order book, 59 min ago; Bybit: live order book, just now.
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 Gate live order book, 59 min ago | 7.88 bp | 53.3 bp −$53 | 1558.8 bp −$15.6K | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 4.85 bp | 58.5 bp −$58 | 169.1 bp −$1,691 | 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 | −0.3601% | 1h | 0.1339 | +0.260% | $21K | $61K | 10x | as long as short |
| Bybit MINAUSDTshort | −0.2215% | 4h | 0.1339 | +0.292% | $4.6M | $4.8M | 25x | |
| OKX MINA-USDT-SWAP | −0.0778% | 4h | 0.1336 | +0.015% | $1.8M | $11.8M | 20x | as long as short |
| BloFin MINA-USDT | −0.0313% | 8h | 0.1336 | +0.030% | $251K | $169K | 50x | as long as short |
| MEXC MINA_USDT | −0.0297% | 8h | 0.1336 | +0.022% | $1.2M | $1.1M | 50x | as long as short |
| Binance MINAUSDT | −0.0295% | 8h | 0.1336 | +0.052% | $4.5M | $22.9M | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0269% | 8h | 0.1335 | −0.022% | $811K | $444K | 30x | as long as short |
| Bitget MINAUSDT | −0.0252% | 8h | 0.1336 | +0.030% | $1.9M | $3.1M | 50x | as long as short |
| Gate MINA_USDTlong | −0.0211% | 8h | 0.1335 | long leg | $437K | $622K | 50x | |
| BingX MINA-USDT | −0.0202% | 8h | 0.1336 | +0.075% | — | $2.6M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
BloFin MINA-USDT
MEXC MINA_USDT
Binance MINAUSDT
KuCoin MINAUSDTM
Bitget MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | −0.0093% | 1h | 0.1335 | −0.030% | $3.3M | $1.5M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1335 | −0.034% | $430K | $65K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA