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+0.0532%/8h= +58.3% APRnext payment +$2.66 per $10,000 · paid last 24h +0.095%
Price spread now: KuCoin against HTX−0.015%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+0.289%+$29 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.289% in total (about 15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.66 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-USDT39.6060get 0.0000% / 4h3h 50m$37K$70K20x
ShortKuCoin MINIMAXUSDTM39.6000.0532get 0.0266% / 4h3h 50m$100K$43K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$111.72
Price spread: −0.015% → 0.000%
−$1.51
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$86.21
Costs to cover
0.240%
Break-even
1.6 days
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 29 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 KuCoin live order book, 29 min ago17.58 bp36.3 bp −$36doesn'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−0.0826%1h39.594−0.030%$4.6M$2.9M10xas long as short
GRVT MINIMAX_USDT_Perp−0.0296%4h39.610+0.010%$353$136K10xas long as short
Bybit MINIMAXUSDT0.0000%8h39.620+0.035%$938K$1.4M25xas long as short
Gate MINIMAX_USDT0.0000%8h39.620+0.035%$1.2M$6.1M50xas long as short
SunX MINIMAX-USDT0.0000%4h39.650+0.111%$16$3.8M10xas long as short
HTX MINIMAX-USDTlong0.0000%4h39.606long leg$37K$70K20x
Lighter MINIMAX+0.0032%1h39.617+0.028%$46K$27K10xas long as short
SoDEX MINIMAX-USD+0.0050%1h39.615+0.023%$99K$4K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h39.630+0.061%$30K$47K5xas long as short
Aster MINIMAXUSDT+0.0223%8h39.617+0.028%$34K$152K20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTMshort+0.0532%4h39.600−0.015%$100K$43K20x
Aevo MINIMAX-PERP+0.0648%1h39.616+0.026%10xas long as short
Binance MINIMAXUSDT+0.0871%4h39.610+0.010%$6.5M$35.5M25xas long as short
edgeX MINIMAXUSDC+0.0872%4h39.611+0.012%$30K$187K10xas long as short
Extended MINIMAX-USD+0.0872%1h39.602−0.011%$3K10xas long as short
Bitget MINIMAXUSDT+0.1187%8h39.614+0.020%$1.2M$2.8M20xas long as short
OKX MINIMAX-USDT-SWAP+0.1291%8h39.630+0.061%$1.7M$9.6M20xas long as short