Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1280%/8h= −140.2% APRpaid last 24h −0.163%

Price spread now: SoDEX against GRVT−0.096%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and SoDEX is 0.096% cheaper against GRVT than usual: you would sell low and buy high (−$10 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	36.706	0.1330	pay 0.0665% / 4h	1h 40m	$373	$127K	10x
Short	SoDEX MINIMAX-USD	36.671	0.0050	get 0.0006% / 1h	40m 43s	$92K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$268.8
Price spread: −0.096% → 0.000%: −$9.59
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$295.39
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 62 min ago; SoDEX: 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, 62 min ago	5.39 bp	15.2 bp −$15	88.8 bp −$888	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
SunX MINIMAX-USDT	0.0000%	4h	36.780	+0.201%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.695	−0.031%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	36.671	−0.096%	$92K	$3K	10x
Aevo MINIMAX-PERP	+0.0104%	1h	36.740	+0.091%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0255%	8h	36.720	+0.038%	$1.2M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0421%	1h	36.610	−0.262%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0528%	1h	36.652	−0.148%	$41K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0551%	8h	36.700	−0.017%	$912K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0633%	8h	36.754	+0.129%	$33K	$46K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0718%	1h	36.631	−0.205%	$4.5M	$3.4M	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	+0.0782%	4h	36.690	−0.044%	$96K	$37K	20x	as long as short
Bitget MINIMAXUSDT	+0.0783%	8h	36.654	−0.142%	$1.2M	$2.8M	20x	as long as short
edgeX MINIMAXUSDC	+0.0952%	4h	36.674	−0.087%	$28K	$184K	10x	as long as short
Extended MINIMAX-USD	+0.1000%	1h	36.655	−0.140%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1004%	4h	36.677	−0.081%	$6.3M	$32.5M	25x	as long as short
GRVT MINIMAX_USDT_Perplong	+0.1330%	4h	36.706	long leg	$373	$127K	10x
OKX MINIMAX-USDT-SWAP	+0.1445%	8h	36.760	+0.147%	$2.8M	$8.5M	20x	as long as short