Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0696%/8h= −76.2% APRpaid last 24h −0.137%

Price spread now: HTX against Bitget−0.037%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.037%, 7d avg +0.036%

Together, before fees+0.186%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and HTX is 0.073% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment. 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	Bitget MINIMAXUSDT	37.858	0.0696	pay 0.0696% / 8h	3h 46m	$1.3M	$2.7M	20x
Short	HTX MINIMAX-USDT	37.844	0	get 0.0000% / 4h	3h 46m	$43K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$146.16
Price spread: −0.037% → +0.036%: −$7.28
Slippage, 4 orders: −$64.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$242.22
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; HTX: live order book, 42 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, 6 min ago	2.78 bp	20.2 bp −$20	26.4 bp −$264	doesn't fit	doesn't fit
Sell HTX live order book, 42 min ago	2.36 bp	20.0 bp −$20	66.5 bp −$665	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	37.900	+0.111%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.810	−0.127%	$457	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.890	+0.085%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	37.844	−0.037%	$43K	$219K	20x
Lighter MINIMAX	+0.0032%	1h	37.820	−0.100%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.825	−0.087%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.206%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.812	−0.121%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0160%	8h	37.890	+0.085%	$927K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0265%	1h	37.818	−0.106%	$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	+0.0273%	8h	37.809	−0.130%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0406%	4h	37.830	−0.074%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0665%	4h	37.863	+0.014%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.848	−0.027%	$3K	—	10x	as long as short
Bitget MINIMAXUSDTlong	+0.0696%	8h	37.858	long leg	$1.3M	$2.7M	20x
OKX MINIMAX-USDT-SWAP	+0.1289%	8h	37.880	+0.058%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDC	+0.1484%	4h	37.816	−0.110%	$28K	$183K	10x	as long as short