MINA funding rates and arbitrage

MINA perpetuals trade on 13 contracts across 13 venues, forming 78 cross-venue arbitrage pairs. By net APR the current best pair is long Bybit against short Coinbase, netting +470.36%, though note the legs settle on different cadences (4h / 1h)。

MINA perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	MINAUSDT	USDT	8h	0.0087%	+9.50%	-23.85%	$9.5M	0.07343
LBank	MINAUSDT	USDT	8h	0.0087%	+9.50%	-23.87%	$5.0M	0.07344
OKX	MINA-USDT-SWAP	USDT	4h	-0.0119%	-26.01%	-29.76%	$4.0M	0.07340
BingX	MINA-USDT	USDT	8h	0.0100%	+10.95%	+1.15%	$2.5M	0.07338
Bybit	MINAUSDT	USDT	4h	-0.0136%	-29.73%	-17.21%	$1.8M	0.07344
WhiteBIT	MINA_PERP	USDT	8h	0.0100%	+10.95%	+10.95%	$1.7M	0.07284
Bitget	MINAUSDT	USDT	8h	0.0100%	+10.95%	-5.79%	$656K	0.07339
Hyperliquid	MINA	USDC	1h	0.0013%	+10.95%	-7.44%	$529K	0.07337
Gate	MINA_USDT	USDT	8h	-0.0062%	-6.79%	-10.86%	$482K	0.07339
MEXC	MINA_USDT	USDT	8h	0.0085%	+9.31%	-23.81%	$348K	0.07342
KuCoin	MINAUSDTM	USDT	8h	0.0066%	+7.23%	-0.58%	$224K	0.07344
Crypto.com	MINAUSD-PERP	USD	4h	-0.0074%	-16.14%	-5.09%	$725	0.07320
Coinbase	MINA-PERP	USDC	1h	0.0503%	+440.63%	+440.63%	$116	0.05992

MINA cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Bybit USDT	Coinbase USDC	+470.36%	1.2886%	+457.84%	4h / 1h	$116
OKX USDT	Coinbase USDC	+466.64%	1.2785%	+470.39%	4h / 1h	$116
Crypto.com USD	Coinbase USDC	+456.77%	1.2514%	+445.72%	4h / 1h	$116
Gate USDT	Coinbase USDC	+447.42%	1.2258%	+451.48%	8h / 1h	$116
KuCoin USDT	Coinbase USDC	+433.40%	1.1874%	+441.21%	8h / 1h	$116
MEXC USDT	Coinbase USDC	+431.32%	1.1817%	+464.44%	8h / 1h	$116
Binance USDT	Coinbase USDC	+431.12%	1.1812%	+464.48%	8h / 1h	$116
LBank USDT	Coinbase USDC	+431.12%	1.1812%	+464.49%	8h / 1h	$116
BingX USDT	Coinbase USDC	+429.68%	1.1772%	+439.48%	8h / 1h	$116
Bitget USDT	Coinbase USDC	+429.68%	1.1772%	+446.42%	8h / 1h	$116
Hyperliquid USDC	Coinbase USDC	+429.68%	1.1772%	+448.07%	1h matched	$116
WhiteBIT USDT	Coinbase USDC	+429.68%	1.1772%	+429.68%	8h / 1h	$116

Mina Protocol project profile

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Key facts

Total: 1.29B
Max supply: unlimited
Type: Coin
Market cap rank: #283

Smart Contract PlatformLayer 1 (L1)Zero Knowledge (ZK)FTX HoldingsParadigm PortfolioCoinbase Ventures PortfolioMulticoin Capital PortfolioProof of Stake (PoS)

Block explorers

minaexplorer.com minascan.io minataur.net

About

The world's lightest blockchain, powered by participants. Mina is building a privacy-preserving gateway between the real world and crypto — and the infrastructure for the secure, democratic future we all deserve.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

MOVE+53.0%MSTR+70.7%NIL+29.7%OPG+999.2%ORCL+31.9%PRL+56.0%RIVER+123.5%SAGA+1037.3%SAHARA+25.0%SENT+44.8%SKY+28.3%SPK+866.8%

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