Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0493%/8h= +54.0% APRpaid last 24h −0.001%

Price spread now: OKX against edgeX+0.151%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$990.991% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.151%, 7d avg +0.061%

Together, before fees−0.218%+ Points / potential airdropedgeX: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.091% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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	edgeX MINIMAXUSDC	36.674	0.0952	pay 0.0476% / 4h	1h 41m	$28K	$184K	10x
Short	OKX MINIMAX-USDT-SWAP	36.730	0.1445	get 0.1445% / 8h	1h 41m	$2.8M	$8.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $103.5
Price spread: +0.151% → +0.061%: $9.1
Slippage, 4 orders: −$80.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $13.51
Costs to cover: 0.991%
Break-even: 6.1 days

Slippage from edgeX: live order book, just now; OKX: live order book, 2 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, just now	12.26 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	5.45 bp	20.0 bp −$20	115.4 bp −$1,154	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
SunX MINIMAX-USDT	0.0000%	4h	36.780	+0.288%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.695	+0.056%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.671	−0.009%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.740	+0.178%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0255%	8h	36.710	+0.097%	$1.2M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0421%	1h	36.610	−0.176%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0544%	1h	36.701	+0.072%	$41K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0551%	8h	36.650	−0.067%	$911K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0632%	8h	36.755	+0.220%	$33K	$46K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0725%	1h	36.620	−0.148%	$4.5M	$3.4M	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	+0.0782%	4h	36.730	+0.151%	$96K	$37K	20x	as long as short
Bitget MINIMAXUSDT	+0.0783%	8h	36.654	−0.056%	$1.2M	$2.8M	20x	as long as short
edgeX MINIMAXUSDClong	+0.0952%	4h	36.674	long leg	$28K	$184K	10x
Extended MINIMAX-USD	+0.1000%	1h	36.719	+0.121%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1003%	4h	36.670	−0.013%	$6.3M	$32.4M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1330%	4h	36.706	+0.087%	$373	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1445%	8h	36.730	+0.151%	$2.8M	$8.5M	20x