Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.006%

Price spread now: Bitget against GRVT+0.968%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.982%−$98 · spread now +0.968%, 7d avg +0.019%

Together, before fees−1.127%+ Points / potential airdropGRVT: Active · farm board−$113 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.949% dearer against GRVT than usual: you sell high and buy low (spread +0.968% now, against its 7-day average of +0.019%): +$95 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MINIMAX_USDT_Perp	38.189	0.1164	pay 0.0582% / 4h	1h 31m	$466	$124K	10x
Short	Bitget MINIMAXUSDT	38.559	0.1067	get 0.1067% / 8h	5h 31m	$1.3M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now +0.968%Rate

Funding earned: −$20.37
Price spread: +0.968% → +0.019%: $94.94
Slippage, 4 orders: −$68.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$14.72
Costs to cover: 0.893%
Break-even: from the start

Slippage from GRVT: live order book, 26 min ago; Bitget: live order book, 1 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 GRVT live order book, 26 min ago	5.16 bp	21.9 bp −$22	79.5 bp −$795	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.40 bp	26.8 bp −$27	45.9 bp −$459	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_USDT	0.0000%	8h	38.480	+0.761%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.350	+0.421%	$15	$2.6M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.278	+0.232%	$44K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.379	+0.497%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.357	+0.439%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.150	−0.103%	$29K	$38K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0055%	1h	38.471	+0.738%	$4.4M	$2.9M	10x	as long as short
Aevo MINIMAX-PERP	+0.0312%	1h	38.330	+0.368%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0315%	8h	38.416	+0.593%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0392%	4h	38.380	+0.499%	$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	+0.0615%	8h	38.520	+0.866%	$918K	$1.1M	25x	as long as short
Extended MINIMAX-USD	+0.0936%	1h	38.354	+0.430%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0939%	4h	38.512	+0.845%	$6.4M	$30.5M	25x	as long as short
Bitget MINIMAXUSDTshort	+0.1067%	8h	38.559	+0.968%	$1.3M	$2.5M	20x
GRVT MINIMAX_USDT_Perplong	+0.1164%	4h	38.189	long leg	$466	$124K	10x
OKX MINIMAX-USDT-SWAP	+0.1225%	8h	38.590	+1.049%	$2.2M	$8.2M	20x	as long as short
edgeX MINIMAXUSDC	+0.1869%	4h	38.213	+0.062%	$29K	$184K	10x	as long as short