Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.009%

Price spread now: Bitget against Binance+0.061%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.061%, 7d avg −0.030%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.091% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	37.990	0.0857	pay 0.0429% / 4h	44m 23s	$6.4M	$31.3M	25x
Short	Bitget MINIMAXUSDT	38.013	0.0900	get 0.0900% / 8h	4h 44m	$1.3M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: $8.98
Price spread: +0.061% → −0.030%: $9.08
Slippage, 4 orders: −$64.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.51
Costs to cover: 0.866%
Break-even: 60.4 days

Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 3 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 Binance live order book, 12 min ago	2.60 bp	13.5 bp −$14	37.6 bp −$376	179.6 bp −$18.0K	doesn't fit
Sell Bitget live order book, 3 min ago	2.88 bp	17.7 bp −$18	23.0 bp −$230	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	38.070	+0.211%	$1.4M	$3.8M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.140	+0.395%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.061	+0.187%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.036	+0.121%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.062	+0.190%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.960	−0.079%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0200%	1h	38.023	+0.086%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0338%	8h	38.040	+0.132%	$34K	$150K	20x	as long as short
Bybit MINIMAXUSDT	+0.0341%	8h	38.020	+0.079%	$935K	$1.1M	25x	as long as short
edgeX MINIMAXUSDC	+0.0415%	4h	38.226	+0.621%	$29K	$184K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0438%	4h	38.040	+0.132%	$96K	$36K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0822%	4h	38.260	+0.711%	$239	$126K	10x	as long as short
Binance MINIMAXUSDTlong	+0.0857%	4h	37.990	long leg	$6.4M	$31.3M	25x
Extended MINIMAX-USD	+0.0864%	1h	38.020	+0.079%	$3K	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0876%	1h	38.009	+0.050%	$4.4M	$2.9M	10x	as long as short
Bitget MINIMAXUSDTshort	+0.0900%	8h	38.013	+0.061%	$1.3M	$2.6M	20x
OKX MINIMAX-USDT-SWAP	+0.1325%	8h	38.050	+0.158%	$2.6M	$8.5M	20x	as long as short