Funding you earn now, next payment 04:00 UTC+0.0915%/8h= +100.2% APRnext payment +$4.57 per $10,000 · paid last 24h +0.145%
Price spread now: Binance against SunX−0.149%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1631.626% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 2 days (all we have)+0.061%+$6 · spread now −0.149%, 7d avg −0.057%
=Funding pays, the price is against you. Binance is 0.092% cheaper against SunX than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.057%). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.263% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.57 per $10,000. 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 | SunX MINIMAX-USDT | 40.280 | 0 | get 0.0000% / 4h | 2h 39m | $16 | $3.7M | 10x |
| Short | Binance MINIMAXUSDT | 40.220 | 0.0915 | get 0.0457% / 4h | 2h 39m | $6.8M | $35.6M | 25x |
SunX MINIMAX-USDT
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $192.13
- Price spread: −0.149% → −0.057%
- −$9.17
- Slippage, 4 orders
- −$144.59
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $20.36
- Costs to cover
- 1.626%
- Break-even
- 6.3 days
Slippage from SunX: live order book, 9 min ago; Binance: live order book, 2 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 SunX live order book, 9 min ago | 32.40 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.47 bp | 10.3 bp −$10 | 43.0 bp −$430 | 168.7 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | −0.0370% | 4h | 40.035 | −0.607% | $30K | $187K | 10x | as long as short |
| Gate MINIMAX_USDT | 0.0000% | 8h | 40.210 | −0.174% | $1.2M | $4.4M | 50x | as long as short |
| SunX MINIMAX-USDTlong | 0.0000% | 4h | 40.280 | long leg | $16 | $3.7M | 10x | |
| HTX MINIMAX-USDT | 0.0000% | 4h | 40.213 | −0.166% | $75K | $142K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0114% | 1h | 40.231 | −0.122% | $101K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0220% | 8h | 39.891 | −0.966% | $35K | $152K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0426% | 4h | 40.250 | −0.074% | $101K | $43K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0512% | 1h | 40.263 | −0.043% | — | — | 10x | as long as short |
| Extended MINIMAX-USD | +0.0912% | 1h | 40.241 | −0.098% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDTshort | +0.0915% | 4h | 40.220 | −0.149% | $6.8M | $35.6M | 25x |
edgeX MINIMAXUSDC
Gate MINIMAX_USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTM
Aevo MINIMAX-PERP
Extended MINIMAX-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDT | +0.1229% | 8h | 40.229 | −0.127% | $1.4M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1236% | 8h | 40.290 | +0.025% | $1.8M | $9.8M | 20x | as long as short |
| Bybit MINIMAXUSDT | +0.1629% | 8h | 40.270 | −0.025% | $967K | $1.4M | 25x | as long as short |
| Lighter MINIMAX | +0.2088% | 1h | 40.248 | −0.079% | $45K | $25K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.2368% | 4h | 40.400 | +0.298% | $13 | $128K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.3381% | 1h | 40.180 | −0.248% | $4.7M | $3.1M | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.3617% | 1h | 40.270 | −0.025% | $31K | $45K | 5x | as long as short |
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
Bybit MINIMAXUSDT
Lighter MINIMAX
GRVT MINIMAX_USDT_Perp
tradeXYZ xyz:MINIMAX
Ondo Perps MINIMAX-USD.P