Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.045%

Price spread now: tradeXYZ against edgeX−0.096%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2312.307% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.096%, 7d avg 0.000%

Together, before fees+0.119%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.096% cheaper against edgeX than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of 0.000%). If the spread goes back, that is −$10 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MINIMAXUSDC	37.822	0.0310	pay 0.0155% / 4h	3h 41m	$28K	$182K	10x
Short	tradeXYZ xyz:MINIMAX	37.786	0.0331	get 0.0041% / 1h	41m 02s	$4.4M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.096%Rate

Funding earned: $4.43
Price spread: −0.096% → 0.000%: −$9.6
Slippage, 4 orders: −$203.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$235.83
Costs to cover: 2.307%
Break-even: 379.7 days

Slippage from edgeX: live order book, 11 min ago; tradeXYZ: live order book, 7 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, 11 min ago	13.24 bp	98.6 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.19 bp	17.1 bp −$17	doesn't fit	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	37.810	−0.033%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.880	+0.152%	$452	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.800	−0.059%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.765	−0.152%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.796	−0.070%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.779	−0.115%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.640	−0.482%	$26K	$41K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.797	−0.068%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0166%	8h	37.810	−0.033%	$927K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0254%	8h	37.826	+0.008%	$34K	$150K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDClong	+0.0310%	4h	37.822	long leg	$28K	$182K	10x
tradeXYZ xyz:MINIMAXshort	+0.0331%	1h	37.786	−0.096%	$4.4M	$2.9M	10x
KuCoin MINIMAXUSDTM	+0.0398%	4h	37.800	−0.059%	$100K	$39K	20x	as long as short
Extended MINIMAX-USD	+0.0656%	1h	37.759	−0.167%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0659%	4h	37.770	−0.139%	$6.3M	$30.9M	25x	as long as short
Bitget MINIMAXUSDT	+0.0685%	8h	37.773	−0.131%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1259%	8h	37.800	−0.059%	$2.6M	$8.3M	20x	as long as short