Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against MEXC−0.083%49s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.083%, 7d avg −0.016%
=Funding pays, the price is against you. BloFin is 0.066% cheaper against MEXC than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.016%). If the spread goes back, that is −$7 on $10k: about 8.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.007% in total) that is about 2 months. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MINA_USDT | 0.1333 | −0.0131 | get 0.0131% / 8h | 1h 54m | $1.1M | $1.2M | 50x |
| Short | BloFin MINA-USDT | 0.1331 | −0.0106 | pay 0.0106% / 8h | 1h 54m | $249K | $191K | 50x |
MEXC MINA_USDT
BloFin MINA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $5.31
- Price spread: −0.083% → −0.016%
- −$6.64
- Slippage, 4 orders
- −$38.96
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.3
- Costs to cover
- 0.550%
- Break-even
- 81.3 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 22 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 MEXC live order book, 2 min ago | 1.87 bp | 5.5 bp −$6 | 51.0 bp −$510 | 89.4 bp −$8,941 | doesn't fit |
| Sell BloFin live order book, 22 min ago | 0.77 bp | 19.1 bp −$19 | 65.7 bp −$657 | 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 | −0.1969% | 1h | 0.1334 | +0.100% | $21K | $63K | 10x | as long as short |
| Bybit MINAUSDT | −0.1635% | 4h | 0.1335 | +0.165% | $4.6M | $5.0M | 25x | as long as short |
| Hyperliquid MINA | −0.0648% | 1h | 0.1333 | −0.008% | $3.3M | $1.6M | 3x | as long as short |
| OKX MINA-USDT-SWAP | −0.0597% | 4h | 0.1334 | +0.075% | $1.8M | $13.0M | 20x | as long as short |
| Binance MINAUSDT | −0.0138% | 8h | 0.1333 | +0.060% | $4.5M | $25.2M | 50x | as long as short |
| Gate MINA_USDT | −0.0135% | 8h | 0.1335 | +0.195% | $440K | $645K | 50x | as long as short |
| Bitget MINAUSDT | −0.0133% | 8h | 0.1333 | +0.030% | $1.9M | $3.4M | 50x | as long as short |
| MEXC MINA_USDTlong | −0.0131% | 8h | 0.1333 | long leg | $1.1M | $1.2M | 50x | |
| BloFin MINA-USDTshort | −0.0106% | 8h | 0.1331 | −0.083% | $249K | $191K | 50x | |
| BingX MINA-USDT | −0.0092% | 8h | 0.1335 | +0.180% | — | $2.6M | — | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
Hyperliquid MINA
OKX MINA-USDT-SWAP
Binance MINAUSDT
Gate MINA_USDT
Bitget MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINAUSDTM | +0.0010% | 8h | 0.1334 | +0.120% | $780K | $479K | 30x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1337 | +0.294% | $431K | $68K | — | as long as short |
KuCoin MINAUSDTM
Variational Omni MINA