Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1289%/8h= +141.1% APRpaid last 24h +0.173%

Price spread now: OKX against HTX+0.122%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.122%, 7d avg +0.024%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and OKX is 0.098% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.258% in total (about 13.4% 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	37.844	0	get 0.0000% / 4h	3h 46m	$43K	$219K	20x
Short	OKX MINIMAX-USDT-SWAP	37.890	0.1289	get 0.1289% / 8h	3h 46m	$2.6M	$8.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $270.61
Price spread: +0.122% → +0.024%: $9.77
Slippage, 4 orders: −$57.95
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $200.43
Costs to cover: 0.799%
Break-even: 1.8 days

Slippage from HTX: live order book, 42 min ago; OKX: live order book, 1 min ago.

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, 42 min ago	2.36 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.64 bp	17.0 bp −$17	160.1 bp −$1,601	doesn't fit	doesn't fit

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	37.900	+0.148%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.810	−0.090%	$457	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.890	+0.122%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	37.844	long leg	$43K	$219K	20x
Lighter MINIMAX	+0.0032%	1h	37.812	−0.085%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.825	−0.050%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.169%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.812	−0.084%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0162%	8h	37.880	+0.095%	$927K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0252%	1h	37.812	−0.085%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0278%	8h	37.808	−0.095%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0406%	4h	37.830	−0.037%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0670%	4h	37.861	+0.045%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.848	+0.010%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0696%	8h	37.855	+0.029%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1289%	8h	37.890	+0.122%	$2.6M	$8.3M	20x
edgeX MINIMAXUSDC	+0.1484%	4h	37.816	−0.073%	$28K	$183K	10x	as long as short