Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.110%

Price spread now: GRVT against Bybit−0.053%100s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as 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−$1571.568% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.053%, 7d avg −0.041%

Together, before fees+0.213%+ Points / potential airdropGRVT: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.170%, so the current rate has only just turned against you. The two prices were read 100 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	37.790	0.0095	pay 0.0095% / 8h	3h 25m	$927K	$1.0M	25x
Short	GRVT MINIMAX_USDT_Perp	37.770	0	get 0.0000% / 4h	3h 25m	$430	$126K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$19.86
Price spread: −0.053% → −0.041%: −$1.16
Slippage, 4 orders: −$136.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$177.84
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; GRVT: live order book, 22 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, 5 min ago	3.97 bp	39.6 bp −$40	351.9 bp −$3,519	doesn't fit	doesn't fit
Sell GRVT live order book, 22 min ago	5.28 bp	35.3 bp −$35	84.6 bp −$846	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	37.820	+0.079%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perpshort	0.0000%	4h	37.770	−0.053%	$430	$126K	10x
SunX MINIMAX-USDT	0.0000%	4h	37.780	−0.026%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.751	−0.103%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.756	−0.090%	$42K	$25K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	37.767	−0.061%	$4.4M	$2.9M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.759	−0.082%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.760	−0.079%	$26K	$42K	5x	as long as short
Bybit MINIMAXUSDTlong	+0.0095%	8h	37.790	long leg	$927K	$1.0M	25x
Aevo MINIMAX-PERP	+0.0104%	1h	37.769	−0.055%	—	—	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	+0.0196%	8h	37.787	−0.008%	$33K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0216%	4h	37.760	−0.079%	$100K	$38K	20x	as long as short
Extended MINIMAX-USD	+0.0408%	1h	37.749	−0.108%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0410%	4h	37.770	−0.053%	$6.3M	$30.8M	25x	as long as short
Bitget MINIMAXUSDT	+0.0562%	8h	37.775	−0.040%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDC	+0.0897%	4h	37.778	−0.031%	$28K	$182K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1142%	8h	37.800	+0.026%	$2.7M	$8.3M	20x	as long as short