Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0812%/8h= +88.9% APRpaid last 24h −0.041%

Price spread now: edgeX against Extended−0.066%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.066% cheaper against Extended than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$24 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	37.841	0.0672	pay 0.0084% / 1h	47m 13s	$3K	—	10x
Short	edgeX MINIMAXUSDC	37.816	0.1484	get 0.0742% / 4h	3h 47m	$28K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $170.49
Price spread: −0.066% → 0.000%: −$6.56
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $149.93
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Extended: no order-book sample; edgeX: live order book, 4 min ago. Net counts fees only.

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 Extended no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	13.24 bp	97.1 bp −$97	doesn't fit	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	37.900	+0.156%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.810	−0.082%	$457	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.890	+0.129%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.844	+0.008%	$43K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.812	−0.077%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.825	−0.042%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.161%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.812	−0.076%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0162%	8h	37.880	+0.103%	$927K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0238%	1h	37.809	−0.085%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0278%	8h	37.804	−0.097%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0406%	4h	37.830	−0.029%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0670%	4h	37.851	+0.027%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USDlong	+0.0672%	1h	37.841	long leg	$3K	—	10x
Bitget MINIMAXUSDT	+0.0696%	8h	37.857	+0.042%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1289%	8h	37.890	+0.129%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDCshort	+0.1484%	4h	37.816	−0.066%	$28K	$183K	10x