Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0722%/8h= +79.1% APRpaid last 24h −0.155%

Price spread now: edgeX against Ondo Perps−0.049%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.049% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MINIMAX-USD.P	37.750	0.0050	pay 0.0006% / 1h	19m 09s	$26K	$42K	5x
Short	edgeX MINIMAXUSDC	37.732	0.0773	get 0.0386% / 4h	3h 19m	$28K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $151.7
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $132.8
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 32 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 32 min ago	13.24 bp	97.1 bp −$97	doesn't fit	doesn't fit	doesn't fit

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	37.770	+0.053%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.756	+0.017%	$430	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.730	−0.053%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.724	−0.069%	$42K	$220K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.718	−0.085%	$42K	$25K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	37.723	−0.072%	$4.4M	$2.9M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.709	−0.109%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.Plong	+0.0050%	1h	37.750	long leg	$26K	$42K	5x
Bybit MINIMAXUSDT	+0.0065%	8h	37.750	0.000%	$926K	$1.0M	25x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.723	−0.072%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0122%	4h	37.710	−0.106%	$100K	$38K	20x	as long as short
Aster MINIMAXUSDT	+0.0176%	8h	37.769	+0.049%	$33K	$150K	20x	as long as short
Binance MINIMAXUSDT	+0.0294%	4h	37.704	−0.122%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0296%	1h	37.694	−0.148%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0501%	8h	37.733	−0.045%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDCshort	+0.0773%	4h	37.732	−0.049%	$28K	$183K	10x
OKX MINIMAX-USDT-SWAP	+0.1088%	8h	37.710	−0.106%	$2.7M	$8.2M	20x	as long as short