Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.212%

Price spread now: Gate against edgeX−0.006%52s7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1441.441% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.006%, 7d avg +0.049%

Together, before fees−0.156%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.055% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 52 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	edgeX MINIMAXUSDC	36.372	0.0137	pay 0.0068% / 4h	3h 38m	$27K	$182K	10x
Short	Gate MINIMAX_USDT	36.370	0	get 0.0000% / 8h	7h 38m	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$28.67
Price spread: −0.006% → +0.049%: −$5.51
Slippage, 4 orders: −$120.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$178.3
Costs to cover: 1.441%
Break-even: never at this rate

Slippage from edgeX: live order book, 58 min ago; Gate: 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, 58 min ago	13.70 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.86 bp	48.9 bp −$49	243.5 bp −$2,435	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
Bybit MINIMAXUSDT	0.0000%	8h	36.320	−0.144%	$924K	$895K	25x	as long as short
Gate MINIMAX_USDTshort	0.0000%	8h	36.370	−0.006%	$1.3M	$2.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	36.450	+0.214%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.401	+0.079%	$52K	$239K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.360	−0.034%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.385	+0.035%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.387	+0.040%	—	—	10x	as long as short
edgeX MINIMAXUSDClong	+0.0137%	4h	36.372	long leg	$27K	$182K	10x
Ondo Perps MINIMAX-USD.P	+0.0406%	1h	36.240	−0.364%	$22K	$56K	5x	as long as short
Aster MINIMAXUSDT	+0.0466%	8h	36.370	−0.006%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.0497%	1h	36.322	−0.138%	$4.8M	$3.3M	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0600%	4h	36.359	−0.035%	$696	$119K	10x	as long as short
Bitget MINIMAXUSDT	+0.0657%	8h	36.350	−0.061%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0710%	4h	36.350	−0.061%	$96K	$91K	20x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.341	−0.087%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0795%	4h	36.350	−0.061%	$6.3M	$29.8M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1333%	8h	36.350	−0.061%	$2.8M	$7.8M	20x	as long as short