Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0777%/8h= −85.1% APRpaid last 24h 0.000%

Price spread now: HTX against Bybit+0.018%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% 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	Bybit MINIMAXUSDT	39.680	0.0777	pay 0.0777% / 8h	15m 08s	$939K	$1.4M	25x
Short	HTX MINIMAX-USDT	39.687	0	get 0.0000% / 4h	15m 08s	$38K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$163.12
Price spread: +0.018% → 0.000%: $1.76
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$184.36
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; HTX: 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 Bybit live order book, 1 min ago	6.30 bp	28.7 bp −$29	189.1 bp −$1,891	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	39.680	0.000%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.670	−0.025%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	39.687	+0.018%	$38K	$71K	20x
Lighter MINIMAX	+0.0048%	1h	39.747	+0.169%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.644	−0.091%	$99K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0286%	8h	39.718	+0.096%	$34K	$152K	20x	as long as short
Aevo MINIMAX-PERP	+0.0760%	1h	39.714	+0.086%	—	—	10x	as long as short
Bybit MINIMAXUSDTlong	+0.0777%	8h	39.680	long leg	$939K	$1.4M	25x
tradeXYZ xyz:MINIMAX	+0.0788%	1h	39.699	+0.048%	$4.6M	$2.9M	10x	as long as short
edgeX MINIMAXUSDC	+0.1123%	4h	39.740	+0.152%	$30K	$188K	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	+0.1128%	4h	39.700	+0.050%	$100K	$44K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.1324%	1h	39.680	0.000%	$30K	$48K	5x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1478%	8h	39.660	−0.050%	$1.7M	$9.6M	20x	as long as short
Bitget MINIMAXUSDT	+0.1479%	8h	39.641	−0.098%	$1.3M	$2.9M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1548%	4h	39.720	+0.101%	$278	$139K	10x	as long as short
Binance MINIMAXUSDT	+0.1694%	4h	39.655	−0.063%	$6.5M	$35.6M	25x	as long as short
Extended MINIMAX-USD	+0.1696%	1h	39.657	−0.059%	$3K	—	10x	as long as short