MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1038%/8h= +113.7% APRnext payment +$5.19 per $10,000 · paid last 24h −0.011%

Price spread now: edgeX against Binance−0.185%50s7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2222.220% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.185%, 7d avg −0.084%

Together, before fees+0.118%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.101% cheaper against Binance than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.084%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.083% in total) that is about 8.6 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.19 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	Binance MINIMAXUSDT	37.838	0.0671	pay 0.0335% / 4h	3h 48m	$6.3M	$30.8M	25x
Short	edgeX MINIMAXUSDC	37.768	0.1709	get 0.0854% / 4h	3h 48m	$28K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $218.07
Price spread: −0.185% → −0.084%: −$10.13
Slippage, 4 orders: −$203.03
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$14.09
Costs to cover: 2.220%
Break-even: 7.5 days

Slippage from Binance: live order book, 8 min ago; edgeX: 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, 8 min ago	1.32 bp	12.8 bp −$13	40.6 bp −$406	192.9 bp −$19.3K	doesn't fit
Sell edgeX live order book, 3 min ago	13.24 bp	97.1 bp −$97	doesn't fit	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	37.870	+0.083%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.129%	$456	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.870	+0.083%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.802	−0.096%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.790	−0.128%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.789	−0.131%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.155%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.783	−0.147%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0166%	8h	37.840	+0.004%	$925K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0180%	1h	37.783	−0.147%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0283%	8h	37.793	−0.119%	$33K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0412%	4h	37.820	−0.049%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDTlong	+0.0671%	4h	37.838	long leg	$6.3M	$30.8M	25x
Extended MINIMAX-USD	+0.0680%	1h	37.829	−0.026%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0699%	8h	37.846	+0.020%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1293%	8h	37.900	+0.163%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDCshort	+0.1709%	4h	37.768	−0.185%	$28K	$183K	10x