Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: HTX against Gate−0.654%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1361.358% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 4 days (all we have)+1.232%+$123 · spread now −0.654%, 7d avg −0.003%

Together, before fees+0.996%+$100 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.651% cheaper against Gate than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	38.530	0	get 0.0000% / 8h	5h 30m	$1.4M	$3.9M	50x
Short	HTX MINIMAX-USDT	38.278	0	get 0.0000% / 4h	1h 30m	$44K	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now −0.654%Rate

Funding earned: $0
Price spread: −0.654% → −0.003%: −$65.12
Slippage, 4 orders: −$108.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$200.92
Costs to cover: 1.358%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; HTX: live order book, 3 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 Gate live order book, 3 min ago	7.84 bp	71.6 bp −$72	238.3 bp −$2,383	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	1.05 bp	21.1 bp −$21	42.4 bp −$424	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_USDTlong	0.0000%	8h	38.530	long leg	$1.4M	$3.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	38.350	−0.467%	$15	$2.6M	10x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	38.278	−0.654%	$44K	$218K	20x
Lighter MINIMAX	+0.0032%	1h	38.468	−0.161%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.357	−0.449%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.150	−0.986%	$29K	$38K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0064%	1h	38.486	−0.114%	$4.4M	$2.9M	10x	as long as short
Aevo MINIMAX-PERP	+0.0312%	1h	38.330	−0.520%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0313%	8h	38.553	+0.059%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0386%	4h	38.490	−0.104%	$97K	$36K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0600%	8h	38.500	−0.078%	$917K	$1.1M	25x	as long as short
Binance MINIMAXUSDT	+0.0931%	4h	38.472	−0.151%	$6.4M	$30.5M	25x	as long as short
Extended MINIMAX-USD	+0.0936%	1h	38.509	−0.054%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1061%	8h	38.484	−0.119%	$1.3M	$2.5M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1164%	4h	38.189	−0.884%	$466	$124K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1217%	8h	38.530	0.000%	$2.2M	$8.1M	20x	as long as short
edgeX MINIMAXUSDC	+0.1869%	4h	38.213	−0.823%	$29K	$184K	10x	as long as short