Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0646%/8h= +70.7% APRpaid last 24h +0.122%

Price spread now: Bitget against SoDEX+0.114%7-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 Bitget

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

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bitget is 0.114% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread 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	SoDEX MINIMAX-USD	37.810	0.0050	pay 0.0006% / 1h	47m 39s	$95K	$3K	10x
Short	Bitget MINIMAXUSDT	37.853	0.0696	get 0.0696% / 8h	3h 47m	$1.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.114%Rate

Funding earned: $135.66
Price spread: +0.114% → 0.000%: $11.37
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $127.03
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.78 bp	24.4 bp −$24	42.9 bp −$429	doesn't fit	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
Gate MINIMAX_USDT	0.0000%	8h	37.900	+0.238%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.054%	$456	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.900	+0.238%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.802	−0.021%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.802	−0.021%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	37.810	long leg	$95K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.079%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.794	−0.044%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0162%	8h	37.870	+0.159%	$926K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0223%	1h	37.803	−0.019%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0278%	8h	37.803	−0.019%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0412%	4h	37.830	+0.053%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0670%	4h	37.852	+0.111%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.842	+0.083%	$3K	—	10x	as long as short
Bitget MINIMAXUSDTshort	+0.0696%	8h	37.853	+0.114%	$1.3M	$2.7M	20x
OKX MINIMAX-USDT-SWAP	+0.1293%	8h	37.890	+0.212%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDC	+0.1709%	4h	37.768	−0.110%	$28K	$183K	10x	as long as short