MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1399%/8h= −153.2% APRnext payment −$1.75 per $10,000 · paid last 24h −0.119%

Price spread now: tradeXYZ against Ondo Perps−0.095%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and tradeXYZ is 0.095% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 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	Ondo Perps MINIMAX-USD.P	36.960	0.3341	pay 0.0418% / 1h	43m 13s	$22K	$57K	5x
Short	tradeXYZ xyz:MINIMAX	36.925	0.1941	get 0.0243% / 1h	43m 13s	$4.9M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$293.86
Price spread: −0.095% → 0.000%: −$9.47
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$326.33
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 8 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 tradeXYZ live order book, 8 min ago	0.54 bp	19.0 bp −$19	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 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	36.970	+0.027%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.965	+0.014%	$45K	$256K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.953	−0.019%	$93K	$3K	10x	as long as short
Aster MINIMAXUSDT	+0.0384%	8h	36.872	−0.239%	$33K	$5K	20x	as long as short
Aevo MINIMAX-PERP	+0.0384%	1h	36.980	+0.053%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0710%	8h	37.000	+0.108%	$1.3M	$2.9M	50x	as long as short
KuCoin MINIMAXUSDTM	+0.0894%	4h	37.000	+0.108%	$112K	$221K	20x	as long as short
Lighter MINIMAX	+0.1096%	1h	36.966	+0.016%	$41K	$11K	10x	as long as short
Bitget MINIMAXUSDT	+0.1193%	8h	36.963	+0.008%	$1.2M	$2.7M	20x	as long as short
Bybit MINIMAXUSDT	+0.1415%	8h	36.990	+0.081%	$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
OKX MINIMAX-USDT-SWAP	+0.1578%	8h	37.010	+0.135%	$2.9M	$8.0M	20x	as long as short
edgeX MINIMAXUSDC	+0.1605%	4h	36.943	−0.045%	$28K	$183K	10x	as long as short
tradeXYZ xyz:MINIMAXshort	+0.1941%	1h	36.925	−0.095%	$4.9M	$3.3M	10x
Binance MINIMAXUSDT	+0.2023%	4h	36.948	−0.031%	$6.4M	$29.7M	25x	as long as short
Extended MINIMAX-USD	+0.2024%	1h	36.936	−0.065%	$3K	$920	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2410%	4h	36.981	+0.056%	$197	$113K	10x	as long as short
Ondo Perps MINIMAX-USD.Plong	+0.3341%	1h	36.960	long leg	$22K	$57K	5x