MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0632%/8h= −69.2% APRnext payment −$3.16 per $10,000 · paid last 24h −0.095%

Price spread now: HTX against KuCoin+0.247%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.247% dearer against KuCoin than usual: you sell high and buy low (spread +0.247% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.289% in total) that is about 6.0 days.

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 −$3.16 per $10,000. 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	KuCoin MINIMAXUSDTM	40.100	0.0632	pay 0.0316% / 4h	2h 34m	$100K	$41K	20x
Short	HTX MINIMAX-USDT	40.199	0	get 0.0000% / 4h	2h 34m	$74K	$143K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.247%Rate

Funding earned: −$132.72
Price spread: +0.247% → 0.000%: $24.69
Slippage, 4 orders: −$96.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$228.75
Costs to cover: 1.207%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 min ago; HTX: live order book, 5 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 KuCoin live order book, 40 min ago	20.17 bp	55.2 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	2.74 bp	20.8 bp −$21	57.6 bp −$576	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	40.240	+0.349%	$1.2M	$4.4M	50x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	40.199	+0.247%	$74K	$143K	20x
SoDEX MINIMAX-USD	+0.0149%	1h	40.297	+0.491%	$101K	$4K	10x	as long as short
SunX MINIMAX-USDT	+0.0284%	4h	40.240	+0.349%	$16	$3.7M	10x	as long as short
Aster MINIMAXUSDT	+0.0289%	8h	39.962	−0.343%	$35K	$152K	20x	as long as short
Aevo MINIMAX-PERP	+0.0544%	1h	40.321	+0.552%	—	—	10x	as long as short
KuCoin MINIMAXUSDTMlong	+0.0632%	4h	40.100	long leg	$100K	$41K	20x
Binance MINIMAXUSDT	+0.1212%	4h	40.229	+0.323%	$6.9M	$35.2M	25x	as long as short
Extended MINIMAX-USD	+0.1216%	1h	40.196	+0.240%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.1241%	4h	40.233	+0.333%	$30K	$187K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MINIMAX-USDT-SWAP	+0.1311%	8h	40.370	+0.673%	$1.8M	$9.7M	20x	as long as short
Bitget MINIMAXUSDT	+0.1338%	8h	40.168	+0.170%	$1.4M	$2.6M	20x	as long as short
Bybit MINIMAXUSDT	+0.2178%	8h	40.320	+0.549%	$970K	$1.4M	25x	as long as short
Lighter MINIMAX	+0.2256%	1h	40.289	+0.471%	$45K	$25K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2662%	4h	40.223	+0.306%	$553	$128K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.3634%	1h	40.213	+0.282%	$4.6M	$3.2M	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.4048%	1h	40.460	+0.898%	$30K	$45K	5x	as long as short