Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against HTX+0.030%7-day average — · you sell dearer than you buy

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

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.030% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MINIMAX-USDT	36.993	0	get 0.0000% / 4h	2h 02m	$48K	$237K	20x
Short	SoDEX MINIMAX-USD	37.004	0.0050	get 0.0006% / 1h	2m 20s	$93K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $10.5
Price spread: +0.030% → 0.000%: $2.97
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.53
Costs to cover: 0.200%
Break-even: 11.4 days

Slippage unknown: HTX: live order book, 16 min ago; SoDEX: 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, 16 min ago	5.36 bp	11.9 bp −$12	37.3 bp −$373	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
SunX MINIMAX-USDT	0.0000%	4h	37.050	+0.154%	$15	$2.1M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	36.993	long leg	$48K	$237K	20x
SoDEX MINIMAX-USDshort	+0.0050%	1h	37.004	+0.030%	$93K	$3K	10x
Aevo MINIMAX-PERP	+0.0104%	1h	36.993	−0.001%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0142%	8h	37.060	+0.181%	$1.3M	$3.6M	50x	as long as short
edgeX MINIMAXUSDC	+0.0148%	4h	37.116	+0.333%	$28K	$183K	10x	as long as short
Bybit MINIMAXUSDT	+0.0458%	8h	37.020	+0.073%	$914K	$1.1M	25x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0466%	1h	36.990	−0.008%	$24K	$51K	5x	as long as short
Aster MINIMAXUSDT	+0.0523%	8h	37.063	+0.190%	$33K	$45K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0558%	4h	37.000	+0.019%	$97K	$38K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MINIMAX	+0.0592%	1h	37.003	+0.027%	$41K	$25K	10x	as long as short
Bitget MINIMAXUSDT	+0.0691%	8h	37.016	+0.062%	$1.2M	$2.8M	20x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.999	+0.016%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0794%	4h	37.010	+0.046%	$6.4M	$32.6M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.1081%	1h	36.939	−0.146%	$4.5M	$3.3M	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1266%	4h	37.482	+1.321%	$330	$126K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1364%	8h	37.060	+0.181%	$2.8M	$8.6M	20x	as long as short