Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h +0.058%

Price spread now: edgeX against Bybit+0.158%51s7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1521.525% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.158%, 7d avg −0.035%

Together, before fees+0.245%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.193% dearer against Bybit than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of −0.035%): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.328%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MINIMAXUSDT	38.670	0.0402	pay 0.0402% / 8h	5h 04m	$949K	$1.1M	25x
Short	edgeX MINIMAXUSDC	38.731	0.0155	get 0.0078% / 4h	1h 04m	$29K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$51.75
Price spread: +0.158% → −0.035%: $19.29
Slippage, 4 orders: −$132.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$184.93
Costs to cover: 1.525%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 57 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 Bybit live order book, 1 min ago	3.87 bp	50.8 bp −$51	183.0 bp −$1,830	doesn't fit	doesn't fit
Sell edgeX live order book, 57 min ago	11.62 bp	22.2 bp −$22	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
Gate MINIMAX_USDT	0.0000%	8h	38.680	+0.026%	$1.4M	$4.1M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.710	+0.103%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.711	+0.106%	$44K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.645	−0.065%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.668	−0.005%	$97K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.740	+0.181%	$29K	$39K	5x	as long as short
edgeX MINIMAXUSDCshort	+0.0155%	4h	38.731	+0.158%	$29K	$183K	10x
Aevo MINIMAX-PERP	+0.0240%	1h	38.665	−0.014%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0337%	8h	38.674	+0.012%	$34K	$150K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0349%	1h	38.652	−0.047%	$4.5M	$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
KuCoin MINIMAXUSDTM	+0.0388%	4h	38.650	−0.052%	$98K	$36K	20x	as long as short
Bybit MINIMAXUSDTlong	+0.0402%	8h	38.670	long leg	$949K	$1.1M	25x
Binance MINIMAXUSDT	+0.0867%	4h	38.636	−0.087%	$6.5M	$31.3M	25x	as long as short
Extended MINIMAX-USD	+0.0880%	1h	38.622	−0.125%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0946%	8h	38.651	−0.049%	$1.3M	$2.6M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0950%	4h	38.651	−0.049%	$721	$126K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1256%	8h	38.740	+0.181%	$2.6M	$8.6M	20x	as long as short