Funding you earn now, next payment 02:00 UTC−0.0991%/8h= −108.5% APRpaid last 24h −0.093%
Price spread now: Bybit against tradeXYZ−0.115%7-day average +0.075% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 7 days+0.209%+$21 · spread now −0.115%, 7d avg +0.075%
=Together, before fees−0.109%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Bybit is 0.190% cheaper against tradeXYZ than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.075%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.319% in total (about -16.6% 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 | tradeXYZ xyz:MINIMAX | 38.965 | 0.2637 | pay 0.0330% / 1h | 14m 15s | $4.6M | $3.3M | 10x |
| Short | Bybit MINIMAXUSDT | 38.920 | 0.1646 | get 0.1646% / 8h | 6h 14m | $934K | $1.3M | 25x |
tradeXYZ xyz:MINIMAX
Bybit MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. 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
- −$208.13
- Price spread: −0.115% → +0.075%
- −$19.01
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$256.14
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 4 min ago; Bybit: live order book, 2 min ago. Net counts fees only.
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 tradeXYZ live order book, 4 min ago | 3.21 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.81 bp | 34.7 bp −$35 | 265.1 bp −$2,651 | doesn't fit | 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 | 38.990 | +0.064% | $1.4M | $4.8M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.910 | −0.141% | $16 | $3.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.869 | −0.246% | $46K | $199K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.892 | −0.187% | $98K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0392% | 8h | 38.954 | −0.029% | $35K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0488% | 1h | 38.908 | −0.146% | — | — | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0650% | 4h | 38.970 | +0.013% | $98K | $37K | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1114% | 4h | 38.288 | −1.739% | $29K | $188K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.1355% | 8h | 38.911 | −0.139% | $1.3M | $2.6M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1355% | 8h | 38.940 | −0.064% | $2.2M | $8.8M | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
KuCoin MINIMAXUSDTM
edgeX MINIMAXUSDC
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MINIMAX-USD | +0.1408% | 1h | 38.896 | −0.178% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.1412% | 4h | 38.916 | −0.125% | $6.6M | $33.4M | 25x | as long as short |
| Lighter MINIMAX | +0.1544% | 1h | 38.923 | −0.108% | $44K | $26K | 10x | as long as short |
| Bybit MINIMAXUSDTshort | +0.1646% | 8h | 38.920 | −0.115% | $934K | $1.3M | 25x | |
| tradeXYZ xyz:MINIMAXlong | +0.2637% | 1h | 38.965 | long leg | $4.6M | $3.3M | 10x | |
| Ondo Perps MINIMAX-USD.P | +0.2652% | 1h | 38.980 | +0.038% | $30K | $39K | 5x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.2932% | 4h | 38.439 | −1.351% | $418 | $127K | 10x | as long as short |
Extended MINIMAX-USD
Binance MINIMAXUSDT
Lighter MINIMAX
Ondo Perps MINIMAX-USD.P
GRVT MINIMAX_USDT_Perp