Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.058%

Price spread now: Bybit against edgeX−0.709%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1181.182% of the position

Long on edgeX Short on Bybit

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)+0.635%+$64 · spread now −0.709%, 7d avg +0.035%

Together, before fees+0.307%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.745% cheaper against edgeX than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MINIMAXUSDC	38.775	0.0751	pay 0.0376% / 4h	1h 11m	$29K	$182K	10x
Short	Bybit MINIMAXUSDT	38.500	0.0458	get 0.0458% / 8h	5h 11m	$944K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.709%Rate

Funding earned: −$61.52
Price spread: −0.709% → +0.035%: −$74.45
Slippage, 4 orders: −$98.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$254.15
Costs to cover: 1.182%
Break-even: never at this rate

Slippage from edgeX: live order book, 50 min ago; Bybit: 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 edgeX live order book, 50 min ago	11.62 bp	24.1 bp −$24	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.86 bp	43.7 bp −$44	161.4 bp −$1,614	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	38.560	−0.554%	$1.4M	$4.0M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.540	−0.606%	$15	$2.6M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.494	−0.725%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.473	−0.779%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.482	−0.756%	$97K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.560	−0.554%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0264%	1h	38.489	−0.737%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0314%	1h	38.510	−0.683%	$4.5M	$3.0M	10x	as long as short
Aster MINIMAXUSDT	+0.0345%	8h	38.546	−0.591%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0386%	4h	38.540	−0.606%	$97K	$36K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDTshort	+0.0458%	8h	38.500	−0.709%	$944K	$1.1M	25x
edgeX MINIMAXUSDClong	+0.0751%	4h	38.775	long leg	$29K	$182K	10x
Binance MINIMAXUSDT	+0.0909%	4h	38.473	−0.778%	$6.4M	$31.4M	25x	as long as short
Extended MINIMAX-USD	+0.0912%	1h	38.470	−0.787%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0987%	8h	38.488	−0.740%	$1.3M	$2.6M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0996%	4h	38.793	+0.047%	$247	$125K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1245%	8h	38.560	−0.554%	$2.6M	$8.6M	20x	as long as short