Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2496%/8h= +273.3% APRpaid last 24h +0.193%

Price spread now: edgeX against SoDEX+0.009%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 edgeX

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 airdropedgeX: Active · farm boardneeds 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: +$75 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	39.638	0.0050	pay 0.0006% / 1h	39m 19s	$99K	$4K	10x
Short	edgeX MINIMAXUSDC	39.642	0.2546	get 0.1273% / 4h	39m 19s	$30K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $524.16
Price spread: +0.009% → 0.000%: $0.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $508.1
Costs to cover: 0.170%
Break-even: 0.2 days

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 37 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 edgeX live order book, 37 min ago	12.61 bp	100.2 bp −$100	doesn't fit	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	39.670	+0.081%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.660	+0.056%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.643	+0.013%	$38K	$71K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.657	+0.048%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	39.638	long leg	$99K	$4K	10x
Aster MINIMAXUSDT	+0.0278%	8h	39.639	+0.001%	$34K	$152K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0280%	1h	39.636	−0.005%	$4.6M	$2.9M	10x	as long as short
Aevo MINIMAX-PERP	+0.0768%	1h	39.663	+0.064%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0782%	1h	39.520	−0.298%	$30K	$48K	5x	as long as short
Bybit MINIMAXUSDT	+0.0799%	8h	39.640	+0.005%	$938K	$1.4M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.1298%	4h	39.640	+0.005%	$100K	$44K	20x	as long as short
Bitget MINIMAXUSDT	+0.1473%	8h	39.632	−0.015%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1522%	8h	39.660	+0.056%	$1.6M	$9.6M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1548%	4h	39.647	+0.022%	$184	$137K	10x	as long as short
Binance MINIMAXUSDT	+0.1879%	4h	39.640	+0.005%	$6.3M	$35.2M	25x	as long as short
Extended MINIMAX-USD	+0.1880%	1h	39.633	−0.012%	$3K	—	10x	as long as short
edgeX MINIMAXUSDCshort	+0.2546%	4h	39.642	+0.009%	$30K	$187K	10x