Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

MINIMAX

RWAAll MINIMAX markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PopdexMINIMAXUSDT
22.180+0.0048pay 0.0006% / 1h15m 47s$103K$403K20xLong Popdex
SHORT
MEXCMINIMAXSTOCK_USDT
22.15000.0000% / 4h3h 15m$126K$134K20xShort MEXC
Price gap−0.135%
Funding gap−0.0048% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.113% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$40−0.0048% /8h now · paid +0.401% over the last 7D
Price−$11spread −0.135% now, avg −0.022% → −0.113% if it goes back
Costs−$800.799% of $10k · taker + slippage, in and out
Result−$51−0.51%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.135%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MINIMAX on 21 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size29.1 / 8.3 bp
    At $10k entering Popdex costs 29.1 bp, fee and slippage, 3.5× MEXC’s.
  • Note: Margin at max leverage$500 + $500
    Popdex 20x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short MEXC: 6 payments, $0.00.
  • Watch: Gap narrower than usual−0.135% vs −0.022%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$103K vs $126K OI
    Popdex sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCPopdex No · MEXC Yes
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0191%/8h × 21 periods+$40.09
Price spread−0.135% → −0.022% (7d avg)−$11.32
Slippage, 4 orderslive order books−$69.52
Fee Popdex bp × 2 orders−$6.40
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$51.15
Costs to cover0.799%Break-even15.9 days
Slippage: Popdex: live order book, 14 min ago; MEXC: live order book, 59 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex6.7829.1 bp−$2993.8 bp−$938doesn’t fitdoesn’t fit
SELL · SHORTMEXC2.248.3 bp−$818.4 bp−$184114.8 bp−$11.5Kdoesn’t fit

Closing costs about the same again.

Alert

MINIMAX news

posts that mention MINIMAX, from every exchangeSearch all news →
09-23 02:03SoDEXListing📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗