Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h +0.112%

Price spread now: Ondo Perps against GRVT−0.080%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Ondo Perps is 0.080% cheaper against GRVT than usual: you would sell low and buy high (−$8 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	GRVT MINIMAX_USDT_Perp	36.349	0.0690	pay 0.0345% / 4h	3h 43m	$701	$119K	10x
Short	Ondo Perps MINIMAX-USD.P	36.320	0.0330	get 0.0041% / 1h	43m 08s	$22K	$56K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$75.52
Price spread: −0.080% → 0.000%: −$8.04
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$97.55
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 49 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 GRVT live order book, 49 min ago	5.47 bp	35.2 bp −$35	119.5 bp −$1,195	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
Bybit MINIMAXUSDT	0.0000%	8h	36.360	+0.030%	$925K	$895K	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	36.410	+0.167%	$1.3M	$2.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.400	+0.140%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.383	+0.093%	$49K	$237K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.348	−0.003%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.347	−0.006%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.365	+0.045%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0330%	1h	36.320	−0.080%	$22K	$56K	5x
tradeXYZ xyz:MINIMAX	+0.0474%	1h	36.322	−0.075%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0486%	8h	36.370	+0.057%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.0621%	4h	36.355	+0.015%	$27K	$184K	10x	as long as short
Bitget MINIMAXUSDT	+0.0660%	8h	36.361	+0.032%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perplong	+0.0690%	4h	36.349	long leg	$701	$119K	10x
KuCoin MINIMAXUSDTM	+0.0722%	4h	36.350	+0.002%	$96K	$87K	20x	as long as short
Binance MINIMAXUSDT	+0.0791%	4h	36.354	+0.012%	$6.3M	$29.8M	25x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.345	−0.013%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1343%	8h	36.390	+0.112%	$2.8M	$7.9M	20x	as long as short