Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0649%/8h= −71.1% APRpaid last 24h −0.122%

Price spread now: SoDEX against Bitget−0.095%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and SoDEX is 0.095% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	37.846	0.0699	pay 0.0699% / 8h	3h 48m	$1.3M	$2.7M	20x
Short	SoDEX MINIMAX-USD	37.810	0.0050	get 0.0006% / 1h	48m 16s	$95K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$136.29
Price spread: −0.095% → 0.000%: −$9.51
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$165.8
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 4 min ago	2.78 bp	20.2 bp −$20	26.4 bp −$264	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.143%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.149%	$456	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.900	+0.143%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.802	−0.116%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.790	−0.148%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	37.810	−0.095%	$95K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.174%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.794	−0.139%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0166%	8h	37.850	+0.011%	$925K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0201%	1h	37.793	−0.140%	$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	37.797	−0.129%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0412%	4h	37.820	−0.069%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0671%	4h	37.849	+0.008%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.840	−0.017%	$3K	—	10x	as long as short
Bitget MINIMAXUSDTlong	+0.0699%	8h	37.846	long leg	$1.3M	$2.7M	20x
OKX MINIMAX-USDT-SWAP	+0.1293%	8h	37.890	+0.116%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDC	+0.1709%	4h	37.768	−0.205%	$28K	$183K	10x	as long as short