MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.1% APRnext payment −$1.47 per $10,000 · paid last 24h −0.185%

Price spread now: HTX against Binance+0.064%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now +0.064%, 7d avg −0.032%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.096% dearer against Binance than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.032%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.274% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	37.700	0.0294	pay 0.0147% / 4h	3h 18m	$6.3M	$30.8M	25x
Short	HTX MINIMAX-USDT	37.724	0	get 0.0000% / 4h	3h 18m	$42K	$220K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$61.65
Price spread: +0.064% → −0.032%: $9.59
Slippage, 4 orders: −$58.91
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$132.97
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; HTX: 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, 8 min ago	2.65 bp	12.8 bp −$13	38.2 bp −$382	217.9 bp −$21.8K	doesn't fit
Sell HTX live order book, 5 min ago	5.30 bp	34.9 bp −$35	79.5 bp −$795	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	37.750	+0.133%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.756	+0.150%	$430	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.730	+0.080%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	37.724	+0.064%	$42K	$220K	20x
Lighter MINIMAX	+0.0032%	1h	37.718	+0.048%	$42K	$25K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	37.712	+0.032%	$4.4M	$2.9M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.709	+0.024%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.750	+0.133%	$26K	$42K	5x	as long as short
Bybit MINIMAXUSDT	+0.0065%	8h	37.740	+0.106%	$925K	$1.0M	25x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.723	+0.061%	—	—	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	+0.0122%	4h	37.710	+0.027%	$100K	$38K	20x	as long as short
Aster MINIMAXUSDT	+0.0176%	8h	37.767	+0.178%	$33K	$150K	20x	as long as short
Binance MINIMAXUSDTlong	+0.0294%	4h	37.700	long leg	$6.3M	$30.8M	25x
Extended MINIMAX-USD	+0.0296%	1h	37.694	−0.017%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0501%	8h	37.698	−0.005%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDC	+0.0773%	4h	37.732	+0.084%	$28K	$183K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1088%	8h	37.710	+0.027%	$2.7M	$8.2M	20x	as long as short