Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1544%/8h= +169.1% APRpaid last 24h +0.304%

Price spread now: Extended against HTX−0.091%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 Extended

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 airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.091% cheaper against HTX than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5 hours of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MINIMAX-USDT	36.921	0	get 0.0000% / 4h	47m 48s	$50K	$265K	20x
Short	Extended MINIMAX-USD	36.887	0.1544	get 0.0193% / 1h	47m 48s	$3K	$920	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.091%Rate

Funding earned: $324.24
Price spread: −0.091% → 0.000%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $298.15
Costs to cover: 0.170%
Break-even: 0.6 days

Slippage unknown: HTX: live order book, 57 min ago; Extended: 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 HTX live order book, 57 min ago	4.06 bp	22.0 bp −$22	45.7 bp −$457	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 exchanges

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	36.930	+0.024%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	36.921	long leg	$50K	$265K	20x
Lighter MINIMAX	+0.0032%	1h	36.915	−0.016%	$41K	$11K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	36.896	−0.068%	$5.0M	$3.4M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.909	−0.033%	$93K	$3K	10x	as long as short
Aster MINIMAXUSDT	+0.0182%	8h	36.969	+0.129%	$34K	$5K	20x	as long as short
Aevo MINIMAX-PERP	+0.0432%	1h	36.918	−0.008%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0663%	8h	36.960	+0.106%	$953K	$902K	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0732%	4h	36.910	−0.030%	$112K	$271K	20x	as long as short
Gate MINIMAX_USDT	+0.0832%	8h	36.950	+0.079%	$1.3M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MINIMAX-USD.P	+0.0978%	1h	36.860	−0.165%	$21K	$58K	5x	as long as short
Bitget MINIMAXUSDT	+0.0999%	8h	36.926	+0.014%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1418%	8h	36.940	+0.051%	$2.7M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1444%	4h	36.952	+0.085%	$247	$107K	10x	as long as short
Binance MINIMAXUSDT	+0.1544%	4h	36.900	−0.057%	$6.3M	$29.9M	25x	as long as short
Extended MINIMAX-USDshort	+0.1544%	1h	36.887	−0.091%	$3K	$920	10x
edgeX MINIMAXUSDC	+0.1975%	4h	36.924	+0.007%	$28K	$182K	10x	as long as short