Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0920%/8h= −100.7% APRpaid last 24h −0.166%

Price spread now: GRVT against Ondo Perps+0.059%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.059% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MINIMAX-USD.P	36.990	0.2670	pay 0.0334% / 1h	7m 18s	$22K	$57K	5x
Short	GRVT MINIMAX_USDT_Perp	37.012	0.1750	get 0.0875% / 4h	1h 07m	$541	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$193.12
Price spread: +0.059% → 0.000%: $5.91
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$201.2
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 36 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 GRVT live order book, 36 min ago	4.06 bp	28.0 bp −$28	95.9 bp −$959	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 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	37.050	+0.162%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.041	+0.138%	$49K	$263K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.010	+0.054%	$93K	$3K	10x	as long as short
Aster MINIMAXUSDT	+0.0249%	8h	36.984	−0.017%	$33K	$5K	20x	as long as short
Aevo MINIMAX-PERP	+0.0448%	1h	37.030	+0.107%	—	—	10x	as long as short
Lighter MINIMAX	+0.0512%	1h	37.025	+0.095%	$41K	$11K	10x	as long as short
Gate MINIMAX_USDT	+0.0739%	8h	37.080	+0.243%	$1.3M	$2.9M	50x	as long as short
KuCoin MINIMAXUSDTM	+0.0866%	4h	37.020	+0.081%	$112K	$258K	20x	as long as short
Bybit MINIMAXUSDT	+0.0889%	8h	37.050	+0.162%	$956K	$901K	25x	as long as short
Bitget MINIMAXUSDT	+0.1115%	8h	37.048	+0.157%	$1.2M	$2.8M	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.1379%	1h	36.982	−0.022%	$4.9M	$3.3M	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1514%	8h	37.080	+0.243%	$2.8M	$8.0M	20x	as long as short
GRVT MINIMAX_USDT_Perpshort	+0.1750%	4h	37.012	+0.059%	$541	$107K	10x
Binance MINIMAXUSDT	+0.1808%	4h	37.020	+0.082%	$6.3M	$29.8M	25x	as long as short
Extended MINIMAX-USD	+0.1808%	1h	37.009	+0.052%	$3K	$920	10x	as long as short
edgeX MINIMAXUSDC	+0.1998%	4h	36.989	−0.002%	$28K	$182K	10x	as long as short
Ondo Perps MINIMAX-USD.Plong	+0.2670%	1h	36.990	long leg	$22K	$57K	5x