Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1359%/8h= +148.8% APRpaid last 24h +0.111%

Price spread now: Ondo Perps against OKX−1.221%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Ondo Perps is 1.221% cheaper against OKX than usual: you would sell low and buy high (spread −1.221% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$122 on $10k: about 3.0 days of funding at the current rate (+$41 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MINIMAX-USDT-SWAP	39.310	0.1356	pay 0.1356% / 8h	6h 15m	$2.2M	$9.0M	20x
Short	Ondo Perps MINIMAX-USD.P	38.830	0.2715	get 0.0339% / 1h	15m 39s	$30K	$39K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −1.221%Rate

Funding earned: $285.41
Price spread: −1.221% → 0.000%: −$122.11
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $148.31
Costs to cover: 0.150%
Break-even: 3.4 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	6.39 bp	24.4 bp −$24	286.7 bp −$2,867	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	39.100	−0.534%	$1.4M	$4.8M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.060	−0.636%	$16	$3.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.037	−0.694%	$46K	$199K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.008	−0.768%	$98K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0392%	8h	39.061	−0.634%	$35K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0488%	1h	39.038	−0.691%	—	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0662%	4h	39.110	−0.509%	$99K	$37K	20x	as long as short
edgeX MINIMAXUSDC	+0.1114%	4h	38.288	−2.601%	$29K	$188K	10x	as long as short
OKX MINIMAX-USDT-SWAPlong	+0.1356%	8h	39.310	long leg	$2.2M	$9.0M	20x
Bitget MINIMAXUSDT	+0.1361%	8h	39.279	−0.079%	$1.3M	$2.6M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MINIMAXUSDT	+0.1413%	4h	39.224	−0.219%	$6.7M	$33.6M	25x	as long as short
Extended MINIMAX-USD	+0.1416%	1h	39.071	−0.609%	$3K	—	10x	as long as short
Lighter MINIMAX	+0.1584%	1h	39.197	−0.287%	$44K	$26K	10x	as long as short
Bybit MINIMAXUSDT	+0.1687%	8h	39.240	−0.178%	$946K	$1.3M	25x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.2715%	1h	38.830	−1.221%	$30K	$39K	5x
tradeXYZ xyz:MINIMAX	+0.2717%	1h	39.123	−0.476%	$4.6M	$3.2M	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2932%	4h	38.439	−2.216%	$418	$127K	10x	as long as short