Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h +0.037%

Price spread now: SoDEX against Gate−0.145%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.145% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	36.600	0.0409	pay 0.0409% / 8h	13m 56s	$1.3M	$2.9M	50x
Short	SoDEX MINIMAX-USD	36.547	0.0050	get 0.0006% / 1h	13m 56s	$92K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$75.39
Price spread: −0.145% → 0.000%: −$14.48
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$112.87
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; SoDEX: 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	9.54 bp	66.2 bp −$66	243.0 bp −$2,430	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	36.610	+0.027%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.556	−0.120%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.559	−0.112%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	36.547	−0.145%	$92K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.490	−0.301%	$23K	$53K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.556	−0.120%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0242%	4h	36.633	+0.090%	$28K	$184K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0304%	1h	36.513	−0.238%	$4.8M	$3.3M	10x	as long as short
Bybit MINIMAXUSDT	+0.0353%	8h	36.560	−0.109%	$925K	$928K	25x	as long as short
Gate MINIMAX_USDTlong	+0.0409%	8h	36.600	long leg	$1.3M	$2.9M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0582%	8h	36.490	−0.301%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0702%	8h	36.553	−0.128%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0710%	4h	36.600	0.000%	$871	$120K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0774%	4h	36.560	−0.109%	$96K	$53K	20x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	36.551	−0.134%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0849%	4h	36.559	−0.111%	$6.4M	$29.8M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1413%	8h	36.580	−0.055%	$2.8M	$8.0M	20x	as long as short