Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.259%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1821.821% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.205%−$20 · spread now +0.259%, 7d avg +0.059%

Together, before fees−0.205%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.200% dearer against HTX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MINIMAX-USDT	37.802	0	get 0.0000% / 4h	3h 47m	$42K	$219K	20x
Short	SunX MINIMAX-USDT	37.900	0	get 0.0000% / 4h	3h 47m	$15	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.259%Rate

Funding earned: $0
Price spread: +0.259% → +0.059%: $19.98
Slippage, 4 orders: −$162.1
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$162.13
Costs to cover: 1.821%
Break-even: never at this rate

Slippage from HTX: live order book, 41 min ago; SunX: live order book, 9 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, 41 min ago	2.36 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	33.01 bp	83.6 bp −$84	doesn't fit	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	+0.259%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.032%	$456	$126K	10x	as long as short
SunX MINIMAX-USDTshort	0.0000%	4h	37.900	+0.259%	$15	$2.3M	10x
HTX MINIMAX-USDTlong	0.0000%	4h	37.802	long leg	$42K	$219K	20x
Lighter MINIMAX	+0.0032%	1h	37.802	0.000%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.810	+0.021%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.058%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.794	−0.022%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0162%	8h	37.870	+0.180%	$926K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0223%	1h	37.803	+0.003%	$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	37.803	+0.002%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0412%	4h	37.830	+0.074%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0670%	4h	37.852	+0.132%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.842	+0.105%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0696%	8h	37.853	+0.135%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1293%	8h	37.890	+0.233%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDC	+0.1709%	4h	37.768	−0.089%	$28K	$183K	10x	as long as short