Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.201%

Price spread now: Ondo Perps against KuCoin+0.433%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.433% dearer against KuCoin than usual: you sell high and buy low (spread +0.433% now, against zero (this spread has no 7-day history yet)): +$43 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MINIMAXUSDTM	36.970	0.0100	pay 0.0050% / 4h	2h 44m	$97K	$37K	20x
Short	Ondo Perps MINIMAX-USD.P	37.130	0.0090	get 0.0011% / 1h	44m 58s	$24K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.433%Rate

Funding earned: −$2.18
Price spread: +0.433% → 0.000%: $43.28
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $24.09
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 79 min ago; Ondo Perps: 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 KuCoin live order book, 79 min ago	23.75 bp	82.5 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Gate MINIMAX_USDT	0.0000%	8h	37.130	+0.433%	$1.2M	$3.4M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	36.904	−0.177%	$302	$127K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.140	+0.460%	$15	$2.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.085	+0.311%	$42K	$225K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.068	+0.265%	$93K	$3K	10x	as long as short
Extended MINIMAX-USD	+0.0088%	1h	37.076	+0.286%	$3K	—	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0090%	1h	37.130	+0.433%	$24K	$47K	5x
Binance MINIMAXUSDT	+0.0091%	4h	37.110	+0.379%	$6.2M	$32.0M	25x	as long as short
Bybit MINIMAXUSDT	+0.0096%	8h	37.110	+0.379%	$910K	$1.1M	25x	as long as short
KuCoin MINIMAXUSDTMlong	+0.0100%	4h	36.970	long leg	$97K	$37K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MINIMAX-PERP	+0.0104%	1h	37.034	+0.173%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0188%	8h	36.980	+0.028%	$33K	$45K	20x	as long as short
edgeX MINIMAXUSDC	+0.0276%	4h	36.924	−0.125%	$28K	$184K	10x	as long as short
Lighter MINIMAX	+0.0296%	1h	37.057	+0.235%	$41K	$25K	10x	as long as short
Bitget MINIMAXUSDT	+0.0399%	8h	37.144	+0.471%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1024%	8h	37.150	+0.487%	$2.7M	$8.2M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.1038%	1h	37.067	+0.262%	$4.3M	$3.1M	10x	as long as short