Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.275%

Price spread now: SoDEX against Ondo Perps+0.355%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.355% dearer against Ondo Perps than usual: you sell high and buy low, +$35 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MINIMAX-USD.P	39.440	0.0050	pay 0.0006% / 1h	24m 26s	$30K	$48K	5x
Short	SoDEX MINIMAX-USD	39.580	0.0050	get 0.0006% / 1h	24m 26s	$99K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.355%Rate

Funding earned: −$0.08
Price spread: +0.355% → 0.000%: $35.5
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $22.41
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Ondo Perps and 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 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
tradeXYZ xyz:MINIMAX	−0.0579%	1h	39.573	+0.337%	$4.6M	$3.0M	10x	as long as short
GRVT MINIMAX_USDT_Perp	−0.0420%	4h	39.550	+0.278%	$393	$133K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.580	+0.355%	$936K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.590	+0.380%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.620	+0.456%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.646	+0.522%	$37K	$69K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.572	+0.335%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	39.580	+0.355%	$99K	$4K	10x
Ondo Perps MINIMAX-USD.Plong	+0.0050%	1h	39.440	long leg	$30K	$48K	5x
KuCoin MINIMAXUSDTM	+0.0100%	4h	39.590	+0.380%	$100K	$43K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0157%	8h	39.597	+0.397%	$35K	$152K	20x	as long as short
Binance MINIMAXUSDT	+0.0198%	4h	39.590	+0.380%	$6.5M	$35.6M	25x	as long as short
Extended MINIMAX-USD	+0.0208%	1h	39.581	+0.358%	$3K	—	10x	as long as short
Aevo MINIMAX-PERP	+0.0488%	1h	39.578	+0.350%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0892%	4h	39.561	+0.308%	$30K	$187K	10x	as long as short
Bitget MINIMAXUSDT	+0.0926%	8h	39.573	+0.337%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1102%	8h	39.620	+0.456%	$1.7M	$9.6M	20x	as long as short