Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0668%/8h= +73.1% APRpaid last 24h +0.217%

Price spread now: tradeXYZ against HTX−0.011%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.011%, 7d avg −0.037%

Together, before fees+0.320%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and tradeXYZ is 0.026% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MINIMAX-USDT	36.679	0	get 0.0000% / 4h	1h 38m	$47K	$234K	20x
Short	tradeXYZ xyz:MINIMAX	36.675	0.0668	get 0.0083% / 1h	38m 36s	$4.5M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.011%Rate

Funding earned: $140.2
Price spread: −0.011% → −0.037%: $2.6
Slippage, 4 orders: −$21.93
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $90.88
Costs to cover: 0.519%
Break-even: 2.5 days

Slippage from HTX: live order book, 40 min ago; tradeXYZ: live order book, 10 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, 40 min ago	5.36 bp	11.9 bp −$12	37.3 bp −$373	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.62 bp	13.7 bp −$14	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
SunX MINIMAX-USDT	0.0000%	4h	36.740	+0.166%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	36.679	long leg	$47K	$234K	20x
SoDEX MINIMAX-USD	+0.0050%	1h	36.685	+0.016%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.693	+0.038%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0257%	8h	36.780	+0.275%	$1.3M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0362%	1h	36.810	+0.357%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0472%	1h	36.745	+0.180%	$41K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0547%	8h	36.730	+0.139%	$913K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0634%	8h	36.800	+0.329%	$33K	$46K	20x	as long as short
tradeXYZ xyz:MINIMAXshort	+0.0668%	1h	36.675	−0.011%	$4.5M	$3.3M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0782%	8h	36.732	+0.144%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0786%	4h	36.740	+0.166%	$96K	$37K	20x	as long as short
Binance MINIMAXUSDT	+0.1002%	4h	36.715	+0.099%	$6.3M	$32.5M	25x	as long as short
Extended MINIMAX-USD	+0.1008%	1h	36.707	+0.077%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.1132%	4h	36.692	+0.035%	$28K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1306%	4h	36.701	+0.060%	$373	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1447%	8h	36.770	+0.248%	$2.8M	$8.4M	20x	as long as short