Funding you earn now, next payment 04:00 UTC−0.0961%/8h= −105.2% APRpaid last 24h −0.233%
Price spread now: Gate against tradeXYZ+0.100%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1171.172% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.100%, 7d avg +0.078%
=Together, before fees−0.176%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.022% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.078%): +$2 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.175% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% 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 | 38.152 | 0.0961 | pay 0.0120% / 1h | 33m 28s | $4.5M | $2.9M | 10x |
| Short | Gate MINIMAX_USDT | 38.190 | 0 | get 0.0000% / 8h | 4h 33m | $1.4M | $3.8M | 50x |
tradeXYZ xyz:MINIMAX
Gate MINIMAX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$201.78
- Price spread: +0.100% → +0.078%
- $2.16
- Slippage, 4 orders
- −$84.17
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$316.8
- Costs to cover
- 1.172%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Gate: live order book, 5 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 tradeXYZ live order book, 5 min ago | 1.97 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.93 bp | 59.3 bp −$59 | 224.7 bp −$2,247 | 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_USDTshort | 0.0000% | 8h | 38.190 | +0.100% | $1.4M | $3.8M | 50x | |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.060 | −0.241% | $15 | $2.4M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.081 | −0.186% | $43K | $218K | 20x | as long as short |
| Lighter MINIMAX | +0.0032% | 1h | 38.179 | +0.071% | $43K | $25K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.038 | −0.299% | $95K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.020 | −0.346% | $29K | $38K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0192% | 1h | 38.172 | +0.051% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0305% | 8h | 38.190 | +0.100% | $939K | $1.1M | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0349% | 8h | 38.135 | −0.043% | $34K | $150K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0492% | 4h | 38.080 | −0.189% | $96K | $35K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MINIMAX_USDT_Perp | +0.0804% | 4h | 38.020 | −0.345% | $200 | $125K | 10x | as long as short |
| Extended MINIMAX-USD | +0.0864% | 1h | 38.140 | −0.030% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0877% | 4h | 38.188 | +0.095% | $6.4M | $31.2M | 25x | as long as short |
| Bitget MINIMAXUSDT | +0.0891% | 8h | 38.173 | +0.055% | $1.3M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MINIMAXlong | +0.0961% | 1h | 38.152 | long leg | $4.5M | $2.9M | 10x | |
| edgeX MINIMAXUSDC | +0.1202% | 4h | 38.047 | −0.275% | $29K | $183K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1365% | 8h | 38.250 | +0.257% | $2.6M | $8.5M | 20x | as long as short |
GRVT MINIMAX_USDT_Perp
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bitget MINIMAXUSDT
edgeX MINIMAXUSDC
OKX MINIMAX-USDT-SWAP