Funding you earn now, next payment 04:00 UTC+0.0463%/8h= +50.7% APRpaid last 24h +0.078%
Price spread now: Binance against Bybit−0.108%7-day average +0.008% · 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−$142as in the Price arb table
costs, in and out, $10k−$1301.302% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 7 days+0.125%+$12 · spread now −0.108%, 7d avg +0.008%
=Funding pays, the price is against you. Binance is 0.117% cheaper against Bybit than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.008%). If the spread goes back, that is −$12 on $10k: about 20 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.190% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% 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 | Bybit MINIMAXUSDT | 38.350 | 0.0390 | pay 0.0390% / 8h | 5h 02m | $941K | $1.1M | 25x |
| Short | Binance MINIMAXUSDT | 38.308 | 0.0853 | get 0.0427% / 4h | 1h 02m | $6.5M | $31.3M | 25x |
Bybit MINIMAXUSDT
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $97.27
- Price spread: −0.108% → +0.008%
- −$11.66
- Slippage, 4 orders
- −$109.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.63
- Costs to cover
- 1.302%
- Break-even
- 10.2 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 9 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 Bybit live order book, 3 min ago | 3.87 bp | 50.8 bp −$51 | 183.0 bp −$1,830 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.60 bp | 12.7 bp −$13 | 34.7 bp −$347 | 163.3 bp −$16.3K | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 38.380 | +0.078% | $1.4M | $4.1M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.550 | +0.522% | $15 | $2.5M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.494 | +0.375% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.325 | −0.065% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.453 | +0.269% | $97K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.280 | −0.183% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0240% | 1h | 38.481 | +0.342% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0333% | 8h | 38.341 | −0.024% | $34K | $150K | 20x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0365% | 1h | 38.337 | −0.034% | $4.5M | $2.9M | 10x | as long as short |
| Bybit MINIMAXUSDTlong | +0.0390% | 8h | 38.350 | long leg | $941K | $1.1M | 25x |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
tradeXYZ xyz:MINIMAXShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0392% | 4h | 38.340 | −0.026% | $97K | $36K | 20x | as long as short |
| Binance MINIMAXUSDTshort | +0.0853% | 4h | 38.308 | −0.108% | $6.5M | $31.3M | 25x | |
| Extended MINIMAX-USD | +0.0856% | 1h | 38.314 | −0.093% | $3K | — | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0900% | 4h | 38.661 | +0.811% | $721 | $126K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0935% | 8h | 38.309 | −0.107% | $1.3M | $2.6M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1268% | 8h | 38.390 | +0.104% | $2.6M | $8.6M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1389% | 4h | 38.661 | +0.810% | $29K | $183K | 10x | as long as short |
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC