Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0848%/8h= −92.9% APRpaid last 24h −0.230%

Price spread now: SunX against Extended+0.136%7-day average — · you sell dearer than you buy

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

Long on Extended Short on SunX

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 · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.136% dearer against Extended than usual: you sell high and buy low (spread +0.136% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	36.550	0.0848	pay 0.0106% / 1h	13m 15s	$3K	—	10x
Short	SunX MINIMAX-USDT	36.600	0	get 0.0000% / 4h	13m 15s	$15	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$178.08
Price spread: +0.136% → 0.000%: $13.65
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$177.43
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	31.37 bp	88.3 bp −$88	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
SunX MINIMAX-USDTshort	0.0000%	4h	36.600	+0.136%	$15	$1.3M	10x
HTX MINIMAX-USDT	0.0000%	4h	36.556	+0.016%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0040%	1h	36.544	−0.017%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.539	−0.030%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.490	−0.164%	$23K	$53K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.551	+0.003%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0306%	1h	36.504	−0.126%	$4.8M	$3.3M	10x	as long as short
Bybit MINIMAXUSDT	+0.0353%	8h	36.560	+0.027%	$925K	$924K	25x	as long as short
Gate MINIMAX_USDT	+0.0412%	8h	36.590	+0.109%	$1.3M	$2.9M	50x	as long as short
Aster MINIMAXUSDT	+0.0582%	8h	36.488	−0.169%	$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
GRVT MINIMAX_USDT_Perp	+0.0692%	4h	36.551	+0.003%	$323	$121K	10x	as long as short
Bitget MINIMAXUSDT	+0.0703%	8h	36.530	−0.055%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0776%	4h	36.560	+0.027%	$96K	$54K	20x	as long as short
Extended MINIMAX-USDlong	+0.0848%	1h	36.550	long leg	$3K	—	10x
Binance MINIMAXUSDT	+0.0849%	4h	36.540	−0.028%	$6.4M	$29.9M	25x	as long as short
edgeX MINIMAXUSDC	+0.1383%	4h	36.554	+0.012%	$27K	$184K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1412%	8h	36.550	0.000%	$2.8M	$8.0M	20x	as long as short