MINIMAX

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXMINIMAX-USDT-SWAP	31.460	+0.0378	pay 0.0378% / 8h	1h 52m	$2.0M	$4.0M	20x	Long OKX
SHORT	PopdexMINIMAXUSDT	31.400	+0.0048	get 0.0006% / 1h	52m 04s	$102K	$245K	20x	Short Popdex

Price gap−0.191%

Funding gap−0.0330% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.112% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$15−0.0330% /8h now · paid −0.152% over the last 6 days (all we have)

Price−$11spread −0.191% now, avg −0.079% → −0.112% if it goes back

Costs−$1151.146% of $10k · taker + slippage, in and out

Result−$141−1.41%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 6 days it paid −0.152% in total, about −0.0086%/8h on average.

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against OKXnow

RANGE STATS · 7D

Now−0.191%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MINIMAX on 18 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size15.5 / 52.6 bp
At $10k entering Popdex costs 52.6 bp, fee and slippage, 3.4× OKX’s.
Note: Margin at max leverage$500 + $500
OKX 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$9.89Long OKX: 3 payments, −$11.33; short Popdex: 24 payments, +$1.44.
Watch: Gap narrower than usual−0.191% vs −0.079%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$102K vs $2.0M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCOKX Yes · Popdex No
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0086%/8h × 21 periods−$18.09

Price spread−0.191% → −0.079% (7d avg)−$11.20

Slippage, 4 orderslive order books−$98.21

Fee OKX bp × 2 orders−$10.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$143.90

Costs to cover1.146%Break-evennever at this rate

Slippage: OKX: live order book, 1 min ago; Popdex: live order book, 31 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOKX1.5915.5 bp−$15156.1 bp−$1,561doesn’t fitdoesn’t fit

SELL · SHORTPopdex7.9752.6 bp−$53doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

MINIMAX news

posts that mention MINIMAX, from every exchangeSearch all news →

09-23 02:03

SoDEX

Listing

📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗