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 +0.023%

Price spread now: SunX against Gate+0.225%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2482.484% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.225%, 7d avg +0.050%

Together, before fees−0.308%−$31 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: SunX is 0.176% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	39.950	0	get 0.0000% / 8h	6h 44m	$1.2M	$4.4M	50x
Short	SunX MINIMAX-USDT	40.040	0	get 0.0000% / 4h	2h 44m	$16	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.225%Rate

Funding earned: $0
Price spread: +0.225% → +0.050%: $17.55
Slippage, 4 orders: −$225.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$230.85
Costs to cover: 2.484%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; SunX: live order book, 4 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, 4 min ago	6.24 bp	56.7 bp −$57	245.1 bp −$2,451	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	32.40 bp	83.4 bp −$83	doesn't fit	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	39.950	long leg	$1.2M	$4.4M	50x
SunX MINIMAX-USDTshort	0.0000%	4h	40.040	+0.225%	$16	$3.8M	10x
HTX MINIMAX-USDT	0.0000%	4h	39.958	+0.020%	$37K	$67K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.968	+0.045%	$100K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0147%	8h	39.819	−0.328%	$35K	$152K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0218%	4h	40.010	+0.150%	$100K	$44K	20x	as long as short
Aevo MINIMAX-PERP	+0.0448%	1h	39.998	+0.120%	—	—	10x	as long as short
Binance MINIMAXUSDT	+0.0590%	4h	39.930	−0.050%	$6.8M	$35.8M	25x	as long as short
Extended MINIMAX-USD	+0.0592%	1h	39.971	+0.052%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0599%	4h	40.060	+0.276%	$30K	$188K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0965%	8h	39.980	+0.075%	$955K	$1.4M	25x	as long as short
Bitget MINIMAXUSDT	+0.1096%	8h	39.965	+0.038%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1139%	8h	40.040	+0.225%	$1.8M	$9.8M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1364%	4h	40.150	+0.501%	$96	$128K	10x	as long as short
Lighter MINIMAX	+0.1728%	1h	39.981	+0.078%	$46K	$23K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.2799%	1h	39.880	−0.175%	$4.7M	$3.1M	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.2986%	1h	40.010	+0.150%	$31K	$51K	5x	as long as short