Funding you earn now, next payment 00:00 UTC−0.0176%/8h= −19.3% APRnext payment −$1.76 per $10,000 · paid last 24h −0.103%
Price spread now: MEXC against Gate−0.102%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$870.871% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.102%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.070% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MINA_USDT | 0.1271 | −0.0243 | get 0.0243% / 8h | 2h 08m | $412K | $984K | 50x |
| Short | MEXC MINA_USDT | 0.1270 | −0.0419 | pay 0.0419% / 8h | 2h 08m | $1.2M | $1.5M | 50x |
Gate MINA_USDT
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$36.96
- Price spread: −0.102% → −0.033%
- −$6.96
- Slippage, 4 orders
- −$68.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$131.02
- Costs to cover
- 0.871%
- Break-even
- never at this rate
Slippage from Gate: live order book, 13 min ago; MEXC: 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 Gate live order book, 13 min ago | 7.90 bp | 41.0 bp −$41 | 1566.0 bp −$15.7K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 8 min ago | 0.79 bp | 7.0 bp −$7 | 48.7 bp −$487 | 91.6 bp −$9,162 | 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 | −0.0714% | 1h | 0.1271 | −0.007% | $25K | $87K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0514% | 4h | 0.1270 | −0.071% | $1.9M | $17.1M | 20x | as long as short |
| Binance MINAUSDT | −0.0422% | 8h | 0.1270 | −0.079% | $4.4M | $34.1M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0419% | 8h | 0.1270 | −0.102% | $1.2M | $1.5M | 50x | |
| BloFin MINA-USDT | −0.0418% | 8h | 0.1270 | −0.126% | $255K | $325K | 50x | as long as short |
| Bitget MINAUSDT | −0.0281% | 8h | 0.1269 | −0.165% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDTlong | −0.0243% | 8h | 0.1271 | long leg | $412K | $984K | 50x | |
| Bybit MINAUSDT | −0.0151% | 4h | 0.1272 | +0.079% | $4.5M | $6.8M | 25x | as long as short |
| BingX MINA-USDT | −0.0078% | 8h | 0.1271 | 0.000% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTM | +0.0001% | 8h | 0.1270 | −0.063% | $768K | $507K | 30x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
Bybit MINAUSDT
BingX MINA-USDT
KuCoin MINAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1270 | −0.047% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1276 | +0.352% | $410K | $150K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA