Funding you earn now, next payment 12:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.048%
Price spread now: OKX against Gate+0.044%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)−1.597%−$160 · spread now +0.044%, 7d avg −0.043%
=The price spread pays, funding is against you. OKX is 0.087% dearer against Gate than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.043%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.126% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% 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 | 0.1359 | −0.0576 | get 0.0576% / 8h | 7h 38m | $446K | $541K | 50x |
| Short | OKX MINA-USDT-SWAP | 0.1360 | −0.0761 | pay 0.0381% / 4h | 3h 38m | $2.0M | $10.7M | 20x |
Gate MINA_USDT
OKX MINA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$38.93
- Price spread: +0.044% → −0.043%
- $8.74
- Slippage, 4 orders
- −$118.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$173.9
- Costs to cover
- 1.437%
- Break-even
- never at this rate
Slippage from Gate: live order book, 58 min ago; OKX: live order book, 5 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, 58 min ago | 11.79 bp | 55.1 bp −$55 | 1544.8 bp −$15.4K | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.57 bp | 19.4 bp −$19 | 109.8 bp −$1,098 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX MINA-USDT-SWAPshort | −0.0761% | 4h | 0.1360 | +0.044% | $2.0M | $10.7M | 20x | |
| Gate MINA_USDTlong | −0.0576% | 8h | 0.1359 | long leg | $446K | $541K | 50x | |
| Kraken Futures PF_MINAUSD | −0.0501% | 1h | 0.1363 | +0.320% | $22K | $56K | 10x | as long as short |
| KuCoin MINAUSDTM | −0.0416% | 8h | 0.1359 | −0.007% | $818K | $431K | 30x | as long as short |
| Binance MINAUSDT | −0.0414% | 8h | 0.1360 | +0.052% | $4.5M | $20.6M | 50x | as long as short |
| BloFin MINA-USDT | −0.0409% | 8h | 0.1358 | −0.059% | $258K | $168K | 50x | as long as short |
| MEXC MINA_USDT | −0.0408% | 8h | 0.1359 | −0.007% | $1.3M | $1.1M | 50x | as long as short |
| Bitget MINAUSDT | −0.0394% | 8h | 0.1362 | +0.206% | $2.0M | $2.9M | 50x | as long as short |
| Bybit MINAUSDT | −0.0393% | 4h | 0.1362 | +0.221% | $4.8M | $4.4M | 25x | as long as short |
| Hyperliquid MINA | −0.0376% | 1h | 0.1360 | +0.059% | $3.4M | $1.4M | 3x | as long as short |
Kraken Futures PF_MINAUSD
KuCoin MINAUSDTM
Binance MINAUSDT
BloFin MINA-USDT
MEXC MINA_USDT
Bitget MINAUSDT
Bybit MINAUSDT
Hyperliquid MINAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | +0.0030% | 8h | 0.1360 | +0.088% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1361 | +0.164% | $440K | $61K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA