Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.081%

Price spread now: tradeXYZ against Bitget−0.181%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

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

costs, in and out, $10k−$830.829% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.181%, 7d avg −0.051%

Together, before fees+0.454%+ Points / potential airdroptradeXYZ: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.130% cheaper against Bitget than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.051%). If the spread goes back, that is −$13 on $10k: about 2.7 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	37.027	0.0743	pay 0.0743% / 8h	1h 53m	$1.2M	$2.8M	20x
Short	tradeXYZ xyz:MINIMAX	36.960	0.0903	get 0.0113% / 1h	53m 09s	$4.5M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.181%Rate

Funding earned: $33.54
Price spread: −0.181% → −0.051%: −$12.95
Slippage, 4 orders: −$52.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$62.31
Costs to cover: 0.829%
Break-even: 20.0 days

Slippage from Bitget: live order book, 4 min ago; tradeXYZ: 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, 4 min ago	4.45 bp	23.1 bp −$23	26.4 bp −$264	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	4.19 bp	15.9 bp −$16	doesn't fit	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
SunX MINIMAX-USDT	0.0000%	4h	37.080	+0.143%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.066	+0.105%	$48K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.014	−0.035%	$93K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.024	−0.007%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0202%	8h	37.070	+0.116%	$1.4M	$3.2M	50x	as long as short
Bybit MINIMAXUSDT	+0.0514%	8h	37.020	−0.019%	$918K	$1.1M	25x	as long as short
Lighter MINIMAX	+0.0560%	1h	37.043	+0.043%	$41K	$25K	10x	as long as short
Aster MINIMAXUSDT	+0.0584%	8h	37.084	+0.155%	$33K	$46K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0615%	1h	37.000	−0.073%	$23K	$51K	5x	as long as short
KuCoin MINIMAXUSDTM	+0.0684%	4h	37.030	+0.008%	$97K	$38K	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	+0.0743%	8h	37.027	long leg	$1.2M	$2.8M	20x
tradeXYZ xyz:MINIMAXshort	+0.0903%	1h	36.960	−0.181%	$4.5M	$3.3M	10x
Binance MINIMAXUSDT	+0.0910%	4h	37.043	+0.042%	$6.4M	$32.6M	25x	as long as short
Extended MINIMAX-USD	+0.0912%	1h	37.012	−0.041%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1344%	4h	37.060	+0.089%	$865	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1414%	8h	37.060	+0.089%	$2.8M	$8.5M	20x	as long as short
edgeX MINIMAXUSDC	+0.1510%	4h	37.032	+0.014%	$28K	$183K	10x	as long as short