Settings8H · net · $10k
Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1974%/8h= +216.1% APRnext payment +$9.87 per $10,000 · paid last 24h +0.213%
Price spread now: edgeX against HTX−0.068%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.535%+$53 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. edgeX is 0.068% cheaper against HTX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$59 a day). At the pace of the last 7 days (+0.535% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.535% in total (about 27.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX MINIMAX-USDT39.6310get 0.0000% / 4h3h 53m$38K$70K20x
ShortedgeX MINIMAXUSDC39.6040.1974get 0.0987% / 4h3h 53m$30K$187K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$414.45
Price spread: −0.068% → 0.000%
−$6.75
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$386.69
Costs to cover
0.210%
Break-even
0.5 days
Slippage unknown: HTX: no order-book sample; edgeX: live order book, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell edgeX live order book, 19 min ago13.85 bp97.5 bp −$98doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:MINIMAX−0.0808%1h39.608−0.058%$4.6M$2.9M10xas long as short
GRVT MINIMAX_USDT_Perp−0.0518%4h39.616−0.038%$353$136K10xas long as short
Bybit MINIMAXUSDT0.0000%8h39.650+0.048%$938K$1.4M25xas long as short
Gate MINIMAX_USDT0.0000%8h39.640+0.023%$1.2M$6.1M50xas long as short
SunX MINIMAX-USDT0.0000%4h39.640+0.023%$16$3.8M10xas long as short
HTX MINIMAX-USDTlong0.0000%4h39.631long leg$38K$70K20x
Lighter MINIMAX+0.0032%1h39.640+0.023%$46K$27K10xas long as short
SoDEX MINIMAX-USD+0.0050%1h39.620−0.028%$99K$4K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h39.630−0.003%$30K$47K5xas long as short
Aster MINIMAXUSDT+0.0229%8h39.605−0.067%$34K$152K20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.0604%4h39.610−0.053%$100K$43K20xas long as short
Aevo MINIMAX-PERP+0.0664%1h39.628−0.008%10xas long as short
Extended MINIMAX-USD+0.0960%1h39.611−0.050%$3K10xas long as short
Binance MINIMAXUSDT+0.0963%4h39.620−0.028%$6.5M$35.5M25xas long as short
Bitget MINIMAXUSDT+0.1219%8h39.630−0.003%$1.3M$2.8M20xas long as short
OKX MINIMAX-USDT-SWAP+0.1313%8h39.670+0.098%$1.7M$9.6M20xas long as short
edgeX MINIMAXUSDCshort+0.1974%4h39.604−0.068%$30K$187K10x