Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 20.505 | +0.1416 | pay 0.1416% / 8h | 7m 33s | $347K | $206K | 25x | Long Bybit | |
| SHORT | 20.462 | +0.4049 | get 0.0506% / 1h | 7m 33s | $1.7M | $2.0M | 10x | Short tradeXYZ |
Price gap−0.212%
Funding gap+0.2632% /8h
Both sides work: funding pays +$79 a day on $10k, and the gap is 0.034% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$53+0.2632% /8h now · paid −0.534% over the last 7D
Price+$3spread −0.212% now, avg −0.247% → +0.034% if it goes back
Costs−$1581.582% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.534% in total, about −0.0254%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.212%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMINIMAX on 21 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size42.0 / 3.9 bpAt $10k entering Bybit costs 42.0 bp, fee and slippage, 10.8× tradeXYZ’s.
- Note: Margin at max leverage$400 + $1,000Bybit 25x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$78.97Long Bybit: 3 payments, −$42.49; short tradeXYZ: 24 payments, +$121.46.
- OK: Entry gap works for you−0.212% vs −0.247%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$347K vs $1.7M OIBybit sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCBybit Yes · tradeXYZ NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0254%/8h × 21 periods−$53.38
Price spread−0.212% → −0.247% (7d avg)+$3.44
Slippage, 4 orderslive order books−$145.45
Fee Bybit bp × 2 orders−$11.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$208.19
Costs to cover1.582%Break-evennever at this rate
Slippage: Bybit: live order book, 28 min ago; tradeXYZ: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit7.3842.0 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ1.713.9 bp−$426.5 bp−$265doesn’t fitdoesn’t fit
Closing costs about the same again.
MINIMAX news
posts that mention MINIMAX, from every exchange| 10-28 17:49 | Markets by Kinetiq | Other | China's AI stocks already crashed. $ZHIPU is down 80% from its high, $MINIMAX 74%. The Nasdaq-100 is down 5%. A China problem, or a preview? @Markets_xyz on X ↗ |
| 09-23 02:03 | SoDEX | Listing | 📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗ |


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