Funding you earn now, next payment 16:00 UTC−0.0268%/8h= −29.3% APRnext payment −$2.68 per $10,000 · paid last 24h −0.009%
Price spread now: Bitget against KuCoin+0.229%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2472.467% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.229%, 7d avg +0.036%
=The price spread pays, funding is against you. Bitget is 0.194% dearer against KuCoin than usual: you sell high and buy low (spread +0.229% now, against its 7-day average of +0.036%): +$19 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.68 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1351 | −0.0555 | get 0.0555% / 8h | 5h 54m | $806K | $306K | 30x |
| Short | Bitget MINAUSDT | 0.1354 | −0.0823 | pay 0.0823% / 8h | 5h 54m | $1.9M | $2.4M | 50x |
KuCoin MINAUSDTM
Bitget MINAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$56.28
- Price spread: +0.229% → +0.036%
- $19.36
- Slippage, 4 orders
- −$222.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$283.63
- Costs to cover
- 2.467%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 52 min ago; Bitget: 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 KuCoin live order book, 52 min ago | 19.89 bp | 108.9 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.05 bp | 24.4 bp −$24 | 81.0 bp −$810 | 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 | −0.4315% | 1h | 0.1353 | +0.116% | $22K | $39K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0866% | 4h | 0.1356 | +0.370% | $1.9M | $8.1M | 20x | as long as short |
| Binance MINAUSDT | −0.0863% | 8h | 0.1355 | +0.244% | $4.6M | $17.0M | 50x | as long as short |
| MEXC MINA_USDT | −0.0855% | 8h | 0.1355 | +0.266% | $1.3M | $853K | 50x | as long as short |
| BloFin MINA-USDT | −0.0842% | 8h | 0.1349 | −0.207% | $258K | $157K | 50x | as long as short |
| Gate MINA_USDT | −0.0837% | 8h | 0.1352 | +0.067% | $444K | $460K | 50x | as long as short |
| Bitget MINAUSDTshort | −0.0823% | 8h | 0.1354 | +0.229% | $1.9M | $2.4M | 50x | |
| Bybit MINAUSDT | −0.0779% | 4h | 0.1358 | +0.474% | $4.8M | $3.8M | 25x | as long as short |
| KuCoin MINAUSDTMlong | −0.0555% | 8h | 0.1351 | long leg | $806K | $306K | 30x | |
| BingX MINA-USDT | −0.0308% | 8h | 0.1356 | +0.355% | — | $2.5M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
Gate MINA_USDT
Bybit MINAUSDT
BingX MINA-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | −0.0160% | 1h | 0.1355 | +0.248% | $3.3M | $1.3M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1351 | −0.007% | $440K | $54K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA