Funding you earn now, next payment 08:00 UTC−0.0443%/8h= −48.5% APRpaid last 24h +0.011%
Price spread now: Binance against OKX−0.109%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.109%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 0.105% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% 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 | OKX MINIMAX-USDT-SWAP | 36.750 | 0.1448 | pay 0.1448% / 8h | 1h 40m | $2.8M | $8.5M | 20x |
| Short | Binance MINIMAXUSDT | 36.710 | 0.1004 | get 0.0502% / 4h | 1h 40m | $6.3M | $32.5M | 25x |
OKX MINIMAX-USDT-SWAP
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$93.1
- Price spread: −0.109% → −0.004%
- −$10.47
- Slippage, 4 orders
- −$42.6
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$166.18
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 1 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 OKX live order book, 3 min ago | 5.45 bp | 18.2 bp −$18 | 149.4 bp −$1,494 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.36 bp | 12.9 bp −$13 | 29.8 bp −$298 | 169.0 bp −$16.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.780 | +0.082% | $15 | $2.0M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.695 | −0.150% | $47K | $234K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.671 | −0.215% | $92K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.698 | −0.141% | — | — | 10x | as long as short |
| Gate MINIMAX_USDT | +0.0253% | 8h | 36.790 | +0.109% | $1.3M | $3.3M | 50x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0415% | 1h | 36.610 | −0.381% | $23K | $51K | 5x | as long as short |
| Lighter MINIMAX | +0.0528% | 1h | 36.652 | −0.267% | $41K | $25K | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0551% | 8h | 36.710 | −0.109% | $912K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0633% | 8h | 36.797 | +0.129% | $33K | $46K | 20x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0717% | 1h | 36.680 | −0.190% | $4.5M | $3.4M | 10x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
Gate MINIMAX_USDT
Ondo Perps MINIMAX-USD.P
Lighter MINIMAX
Bybit MINIMAXUSDT
Aster MINIMAXUSDT
tradeXYZ xyz:MINIMAXShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0782% | 4h | 36.740 | −0.027% | $96K | $37K | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.0782% | 8h | 36.733 | −0.046% | $1.2M | $2.8M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0952% | 4h | 36.674 | −0.206% | $28K | $184K | 10x | as long as short |
| Extended MINIMAX-USD | +0.1000% | 1h | 36.687 | −0.173% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDTshort | +0.1004% | 4h | 36.710 | −0.109% | $6.3M | $32.5M | 25x | |
| GRVT MINIMAX_USDT_Perp | +0.1330% | 4h | 36.706 | −0.119% | $373 | $127K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAPlong | +0.1448% | 8h | 36.750 | long leg | $2.8M | $8.5M | 20x |
KuCoin MINIMAXUSDTM
Bitget MINIMAXUSDT
edgeX MINIMAXUSDC
Extended MINIMAX-USD
GRVT MINIMAX_USDT_Perp