Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1557%/8h= +170.5% APRpaid last 24h +0.007%

Price spread now: Bitget against HTX−0.053%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.053% cheaper against HTX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$47 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MINIMAX-USDT	39.664	0	get 0.0000% / 4h	50m 01s	$38K	$71K	20x
Short	Bitget MINIMAXUSDT	39.643	0.1557	get 0.1557% / 8h	50m 01s	$1.3M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $326.97
Price spread: −0.053% → 0.000%: −$5.29
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $297.68
Costs to cover: 0.240%
Break-even: 0.6 days

Slippage unknown: HTX: no order-book sample; Bitget: live order book, 2 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.27 bp	19.1 bp −$19	24.4 bp −$244	doesn't fit	doesn't fit

HTX: 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
Gate MINIMAX_USDT	0.0000%	8h	39.670	+0.015%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.690	+0.066%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	39.664	long leg	$38K	$71K	20x
Lighter MINIMAX	+0.0048%	1h	39.681	+0.043%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.645	−0.048%	$99K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0303%	8h	39.640	−0.060%	$34K	$152K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0448%	1h	39.639	−0.063%	$4.6M	$2.9M	10x	as long as short
Aevo MINIMAX-PERP	+0.0816%	1h	39.680	+0.041%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0867%	8h	39.650	−0.035%	$938K	$1.4M	25x	as long as short
Ondo Perps MINIMAX-USD.P	+0.1012%	1h	39.650	−0.035%	$30K	$49K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.1498%	4h	39.650	−0.035%	$100K	$44K	20x	as long as short
Bitget MINIMAXUSDTshort	+0.1557%	8h	39.643	−0.053%	$1.3M	$2.8M	20x
OKX MINIMAX-USDT-SWAP	+0.1599%	8h	39.670	+0.015%	$1.6M	$9.6M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1864%	4h	39.661	−0.008%	$286	$139K	10x	as long as short
Extended MINIMAX-USD	+0.2152%	1h	39.636	−0.070%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.2152%	4h	39.648	−0.039%	$6.3M	$35.2M	25x	as long as short
edgeX MINIMAXUSDC	+0.2951%	4h	39.660	−0.009%	$30K	$187K	10x	as long as short