Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

MINIMAX

RWAAll MINIMAX markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
GRVTMINIMAX_USDT_Perp
31.990−0.0106get 0.0053% / 4h3h 05m$2K$118K10xLong GRVT
SHORT
PopdexMINIMAXUSDT
32.000+0.0048get 0.0006% / 1h5m 51s$104K$246K20xShort Popdex
Price gap+0.031%58s
Funding gap+0.0154% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.109% above its 7d average: +$11 more if it goes back.

The two prices were read 58 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$2+0.0154% /8h now · paid −0.023% over the last 6 days (all we have)
Price—spread +0.031%58s now · prices read too far apart to compare
Costs−$1131.130% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against GRVTnow
RANGE STATS · 7D
Now+0.031%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MINIMAX on 18 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size19.9 / 41.0 bp
    At $10k entering Popdex costs 41.0 bp, fee and slippage, 2.1× GRVT’s.
  • Note: Margin at max leverage$1,000 + $500
    GRVT 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$4.62Long GRVT: 6 payments, +$3.18; short Popdex: 24 payments, +$1.44.
  • Watch: Prices read 58 s apart+0.031% vs −0.078%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$2K vs $104K OI
    GRVT sets your exit cost. Check its book before closing.
  • OK: Points on a legGRVT points
    Volume here counts toward the points program.
  • OK: No KYC on either legGRVT No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0013%/8h × 21 periods−$2.71
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$97.64
Fee GRVT bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$115.75
price spread not counted: prices read too far apart
Costs to cover1.130%Break-evennever at this rate
Slippage: GRVT: live order book, 1 min ago; Popdex: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGRVT4.6919.9 bp−$2035.6 bp−$356doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.1341.0 bp−$41doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

MINIMAX news

posts that mention MINIMAX, from every exchangeSearch all news →
09-23 02:03SoDEXListing📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗