Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1529%/8h= −167.4% APRpaid last 24h −0.270%

Price spread now: SoDEX against OKX−0.151%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and SoDEX is 0.151% cheaper against OKX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MINIMAX-USDT-SWAP	37.020	0.1579	pay 0.1579% / 8h	5h 45m	$2.9M	$8.0M	20x
Short	SoDEX MINIMAX-USD	36.964	0.0050	get 0.0006% / 1h	45m 54s	$93K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$321.05
Price spread: −0.151% → 0.000%: −$15.13
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$354.18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; SoDEX: 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, 5 min ago	5.39 bp	17.5 bp −$17	320.3 bp −$3,203	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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	36.980	−0.108%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.986	−0.092%	$45K	$256K	20x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	36.964	−0.151%	$93K	$3K	10x
Aevo MINIMAX-PERP	+0.0376%	1h	36.981	−0.105%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0393%	8h	36.862	−0.427%	$33K	$5K	20x	as long as short
Gate MINIMAX_USDT	+0.0724%	8h	37.010	−0.027%	$1.3M	$2.9M	50x	as long as short
KuCoin MINIMAXUSDTM	+0.0874%	4h	37.010	−0.027%	$112K	$218K	20x	as long as short
Lighter MINIMAX	+0.1168%	1h	36.989	−0.084%	$41K	$11K	10x	as long as short
Bitget MINIMAXUSDT	+0.1191%	8h	36.976	−0.119%	$1.2M	$2.7M	20x	as long as short
Bybit MINIMAXUSDT	+0.1457%	8h	37.010	−0.027%	$953K	$900K	25x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.1474%	4h	36.983	−0.101%	$28K	$182K	10x	as long as short
OKX MINIMAX-USDT-SWAPlong	+0.1579%	8h	37.020	long leg	$2.9M	$8.0M	20x
Binance MINIMAXUSDT	+0.2021%	4h	36.940	−0.216%	$6.4M	$29.7M	25x	as long as short
Extended MINIMAX-USD	+0.2024%	1h	36.928	−0.249%	$3K	$920	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.2029%	1h	36.936	−0.227%	$4.9M	$3.3M	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2394%	4h	37.040	+0.053%	$197	$113K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.3417%	1h	37.030	+0.027%	$22K	$57K	5x	as long as short