Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2902%/8h= +317.7% APRpaid last 24h +0.190%

Price spread now: Ondo Perps against Gate−0.076%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Ondo Perps is 0.076% cheaper against Gate than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2 hours of funding at the current rate (+$87 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	39.660	0.0024	pay 0.0024% / 8h	1h 13m	$1.2M	$6.3M	50x
Short	Ondo Perps MINIMAX-USD.P	39.630	0.2926	get 0.0366% / 1h	13m 57s	$30K	$49K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.076%Rate

Funding earned: $609.34
Price spread: −0.076% → 0.000%: −$7.56
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $581.77
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: Gate: live order book, 4 min ago; Ondo Perps: no order-book sample. 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 Gate live order book, 4 min ago	6.31 bp	68.9 bp −$69	239.9 bp −$2,399	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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-USDT	0.0000%	4h	39.670	+0.025%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.644	−0.040%	$37K	$70K	20x	as long as short
Gate MINIMAX_USDTlong	+0.0024%	8h	39.660	long leg	$1.2M	$6.3M	50x
SoDEX MINIMAX-USD	+0.0050%	1h	39.636	−0.061%	$99K	$4K	10x	as long as short
Lighter MINIMAX	+0.0320%	1h	39.676	+0.040%	$46K	$27K	10x	as long as short
Aster MINIMAXUSDT	+0.0361%	8h	39.617	−0.107%	$34K	$152K	20x	as long as short
Aevo MINIMAX-PERP	+0.0904%	1h	39.674	+0.035%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.1033%	8h	39.640	−0.050%	$938K	$1.4M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.1225%	1h	39.605	−0.139%	$4.6M	$2.9M	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1689%	8h	39.660	0.000%	$1.6M	$9.6M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.1721%	8h	39.632	−0.071%	$1.3M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.1894%	4h	39.630	−0.076%	$100K	$44K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2496%	4h	39.630	−0.076%	$296	$140K	10x	as long as short
Extended MINIMAX-USD	+0.2704%	1h	39.615	−0.115%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.2707%	4h	39.630	−0.076%	$6.3M	$35.2M	25x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.2926%	1h	39.630	−0.076%	$30K	$49K	5x
edgeX MINIMAXUSDC	+0.3668%	4h	39.622	−0.095%	$30K	$188K	10x	as long as short