Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.207%

Price spread now: Gate against Binance+0.160%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.160%, 7d avg −0.004%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.164% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	37.480	0.0005	pay 0.0002% / 4h	2h 53m	$6.2M	$31.3M	25x
Short	Gate MINIMAX_USDT	37.540	0	get 0.0000% / 8h	2h 53m	$1.4M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.160%Rate

Funding earned: −$0.96
Price spread: +0.160% → −0.004%: $16.41
Slippage, 4 orders: −$93.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.92
Costs to cover: 1.184%
Break-even: never at this rate

Slippage from Binance: live order book, 3 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 Binance live order book, 3 min ago	1.33 bp	10.9 bp −$11	28.5 bp −$285	194.6 bp −$19.5K	doesn't fit
Sell Gate live order book, 5 min ago	3.99 bp	44.1 bp −$44	230.8 bp −$2,308	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
edgeX MINIMAXUSDC	−0.0599%	4h	37.462	−0.048%	$28K	$182K	10x	as long as short
Gate MINIMAX_USDTshort	0.0000%	8h	37.540	+0.160%	$1.4M	$3.3M	50x
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.590	+0.293%	$720	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.560	+0.213%	$15	$2.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.546	+0.176%	$42K	$225K	20x	as long as short
Binance MINIMAXUSDTlong	+0.0005%	4h	37.480	long leg	$6.2M	$31.3M	25x
Extended MINIMAX-USD	+0.0008%	1h	37.490	+0.026%	$3K	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0036%	8h	37.530	+0.133%	$920K	$1.0M	25x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.487	+0.019%	$94K	$3K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.400	−0.213%	$99K	$37K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MINIMAX-PERP	+0.0104%	1h	37.488	+0.020%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0131%	8h	37.450	−0.081%	$33K	$150K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0142%	1h	37.760	+0.747%	$25K	$48K	5x	as long as short
Lighter MINIMAX	+0.0176%	1h	37.434	−0.123%	$42K	$25K	10x	as long as short
Bitget MINIMAXUSDT	+0.0360%	8h	37.534	+0.144%	$1.2M	$2.7M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0912%	1h	37.457	−0.061%	$4.4M	$2.9M	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.0944%	8h	37.570	+0.240%	$2.7M	$8.3M	20x	as long as short