Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.3201%/8h= +350.6% APRpaid last 24h +0.075%

Price spread now: Binance against SoDEX+0.004%45s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Binance

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$96 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	39.607	0.0050	pay 0.0006% / 1h	47m 29s	$99K	$4K	10x
Short	Binance MINIMAXUSDT	39.609	0.3251	get 0.1626% / 4h	1h 47m	$6.3M	$35.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: $672.32
Price spread: +0.004% → 0.000%: $0.45
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $654.76
Costs to cover: 0.180%
Break-even: 0.2 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 9 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.26 bp	12.9 bp −$13	38.5 bp −$385	189.5 bp −$19.0K	doesn't fit

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
SunX MINIMAX-USDT	0.0000%	4h	39.630	+0.058%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.642	+0.088%	$37K	$70K	20x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	39.607	long leg	$99K	$4K	10x
Gate MINIMAX_USDT	+0.0120%	8h	39.660	+0.134%	$1.2M	$6.3M	50x	as long as short
Aster MINIMAXUSDT	+0.0430%	8h	39.539	−0.171%	$34K	$152K	20x	as long as short
Lighter MINIMAX	+0.0840%	1h	39.661	+0.136%	$46K	$27K	10x	as long as short
Aevo MINIMAX-PERP	+0.0888%	1h	39.650	+0.108%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.1291%	8h	39.620	+0.033%	$937K	$1.4M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1762%	8h	39.650	+0.109%	$1.6M	$9.5M	20x	as long as short
Bitget MINIMAXUSDT	+0.1852%	8h	39.619	+0.030%	$1.3M	$2.8M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.1960%	1h	39.608	+0.003%	$4.6M	$2.9M	10x	as long as short
KuCoin MINIMAXUSDTM	+0.2264%	4h	39.580	−0.068%	$100K	$44K	20x	as long as short
Binance MINIMAXUSDTshort	+0.3251%	4h	39.609	+0.004%	$6.3M	$35.0M	25x
Extended MINIMAX-USD	+0.3272%	1h	39.598	−0.024%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.3574%	4h	39.640	+0.083%	$411	$139K	10x	as long as short
edgeX MINIMAXUSDC	+0.3843%	4h	39.636	+0.074%	$30K	$187K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.4068%	1h	39.630	+0.058%	$30K	$42K	5x	as long as short