Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.018%

Price spread now: Binance against Bitget−0.019%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

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

costs, in and out, $10k−$720.719% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.019%, 7d avg +0.029%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.048% cheaper against Bitget than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.029%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	36.357	0.0667	pay 0.0667% / 8h	7h 52m	$1.2M	$2.7M	20x
Short	Binance MINIMAXUSDT	36.350	0.0784	get 0.0392% / 4h	3h 52m	$6.3M	$29.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $24.63
Price spread: −0.019% → +0.029%: −$4.81
Slippage, 4 orders: −$49.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.08
Costs to cover: 0.719%
Break-even: 21.8 days

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 4 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 Bitget live order book, 5 min ago	1.37 bp	15.8 bp −$16	16.7 bp −$167	64.2 bp −$6,421	doesn't fit
Sell Binance live order book, 4 min ago	1.37 bp	11.4 bp −$11	41.8 bp −$418	160.4 bp −$16.0K	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	36.400	+0.118%	$1.3M	$2.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.410	+0.146%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.328	−0.080%	$49K	$233K	20x	as long as short
Lighter MINIMAX	+0.0048%	1h	36.334	−0.063%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.338	−0.052%	$91K	$3K	10x	as long as short
Bybit MINIMAXUSDT	+0.0085%	8h	36.350	−0.019%	$925K	$903K	25x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.364	+0.018%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0198%	1h	36.400	+0.118%	$22K	$56K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0441%	1h	36.313	−0.121%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0587%	8h	36.327	−0.083%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDTlong	+0.0667%	8h	36.357	long leg	$1.2M	$2.7M	20x
KuCoin MINIMAXUSDTM	+0.0748%	4h	36.350	−0.019%	$95K	$76K	20x	as long as short
Extended MINIMAX-USD	+0.0784%	1h	36.341	−0.044%	$3K	—	10x	as long as short
Binance MINIMAXUSDTshort	+0.0784%	4h	36.350	−0.019%	$6.3M	$29.9M	25x
edgeX MINIMAXUSDC	+0.1029%	4h	36.341	−0.043%	$27K	$182K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1282%	4h	36.339	−0.049%	$762	$121K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1371%	8h	36.400	+0.118%	$2.8M	$7.9M	20x	as long as short