Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.005%

Price spread now: OKX against GRVT−0.783%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.821%+$82 · spread now −0.783%, 7d avg +0.059%

Together, before fees+0.834%+ Points / potential airdropGRVT: Active · farm board+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.842% cheaper against GRVT than usual: you would sell low and buy high (spread −0.783% now, against its 7-day average of +0.059%). If the spread goes back, that is −$84 on $10k: about 44 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.013% in total) that is about 15 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MINIMAX_USDT_Perp	37.020	0.1370	pay 0.0685% / 4h	1h 45m	$801	$127K	10x
Short	OKX MINIMAX-USDT-SWAP	36.730	0.1433	get 0.1433% / 8h	1h 45m	$2.8M	$8.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.783%Rate

Funding earned: $13.27
Price spread: −0.783% → +0.059%: −$84.2
Slippage, 4 orders: −$52.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$142.21
Costs to cover: 0.713%
Break-even: 82.0 days

Slippage from GRVT: live order book, 57 min ago; OKX: 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 GRVT live order book, 57 min ago	5.39 bp	15.2 bp −$15	88.8 bp −$888	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.70 bp	17.8 bp −$18	24.3 bp −$243	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
SunX MINIMAX-USDT	0.0000%	4h	36.710	−0.837%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.760	−0.702%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.651	−0.997%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.671	−0.943%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0159%	4h	37.005	−0.040%	$28K	$184K	10x	as long as short
Gate MINIMAX_USDT	+0.0243%	8h	36.750	−0.729%	$1.3M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0530%	1h	37.090	+0.189%	$23K	$52K	5x	as long as short
Bybit MINIMAXUSDT	+0.0543%	8h	36.650	−0.999%	$908K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0625%	8h	36.723	−0.802%	$33K	$46K	20x	as long as short
Lighter MINIMAX	+0.0672%	1h	36.687	−0.900%	$41K	$25K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0768%	4h	36.710	−0.837%	$96K	$36K	20x	as long as short
Bitget MINIMAXUSDT	+0.0776%	8h	36.665	−0.959%	$1.2M	$2.8M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0813%	1h	36.640	−1.026%	$4.5M	$3.3M	10x	as long as short
Binance MINIMAXUSDT	+0.0988%	4h	36.650	−0.999%	$6.4M	$32.5M	25x	as long as short
Extended MINIMAX-USD	+0.0992%	1h	36.652	−0.994%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perplong	+0.1370%	4h	37.020	long leg	$801	$127K	10x
OKX MINIMAX-USDT-SWAPshort	+0.1433%	8h	36.730	−0.783%	$2.8M	$8.4M	20x