Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.031%

Price spread now: tradeXYZ against OKX−0.377%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$22 on $10k

Price spread, last 7 days+0.225%+$23 · spread now −0.377%, 7d avg −0.083%

Together, before fees+0.441%+ Points / potential airdroptradeXYZ: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.294% cheaper against OKX than usual: you would sell low and buy high (spread −0.377% now, against its 7-day average of −0.083%). If the spread goes back, that is −$29 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.215% in total) that is about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MINIMAX-USDT-SWAP	37.160	0.1013	pay 0.1013% / 8h	2h 45m	$2.7M	$8.2M	20x
Short	tradeXYZ xyz:MINIMAX	37.020	0.1025	get 0.0128% / 1h	45m 43s	$4.3M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.377%Rate

Funding earned: $2.67
Price spread: −0.377% → −0.083%: −$29.35
Slippage, 4 orders: −$47.61
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$102.29
Costs to cover: 0.756%
Break-even: 275.0 days

Slippage from OKX: live order book, 2 min ago; tradeXYZ: live order book, 3 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 OKX live order book, 2 min ago	4.05 bp	22.7 bp −$23	254.3 bp −$2,543	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.54 bp	13.6 bp −$14	doesn't fit	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	37.090	−0.188%	$1.2M	$3.4M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.175	+0.041%	$304	$127K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.970	−0.511%	$15	$2.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.949	−0.568%	$41K	$225K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.934	−0.608%	$93K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0074%	1h	37.130	−0.081%	$24K	$47K	5x	as long as short
Extended MINIMAX-USD	+0.0088%	1h	37.012	−0.399%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0091%	4h	37.081	−0.213%	$6.2M	$31.9M	25x	as long as short
Bybit MINIMAXUSDT	+0.0096%	8h	37.080	−0.215%	$910K	$1.1M	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	36.860	−0.807%	$97K	$37K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MINIMAX-PERP	+0.0104%	1h	36.892	−0.721%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0188%	8h	36.980	−0.484%	$33K	$45K	20x	as long as short
edgeX MINIMAXUSDC	+0.0296%	4h	37.131	−0.079%	$28K	$183K	10x	as long as short
Lighter MINIMAX	+0.0296%	1h	37.008	−0.409%	$41K	$25K	10x	as long as short
Bitget MINIMAXUSDT	+0.0393%	8h	37.068	−0.248%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAPlong	+0.1013%	8h	37.160	long leg	$2.7M	$8.2M	20x
tradeXYZ xyz:MINIMAXshort	+0.1025%	1h	37.020	−0.377%	$4.3M	$3.0M	10x