Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%

Price spread now: Gate against SoDEX+0.173%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 Gate

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. Gate is 0.173% dearer against SoDEX than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	36.347	0.0050	pay 0.0006% / 1h	42m 55s	$91K	$3K	10x
Short	Gate MINIMAX_USDT	36.410	0	get 0.0000% / 8h	7h 42m	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.173%Rate

Funding earned: −$10.5
Price spread: +0.173% → 0.000%: $17.33
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.17
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: 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 Gate live order book, 5 min ago	5.49 bp	69.5 bp −$70	245.9 bp −$2,459	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
Bybit MINIMAXUSDT	0.0000%	8h	36.380	+0.091%	$925K	$895K	25x	as long as short
Gate MINIMAX_USDTshort	0.0000%	8h	36.410	+0.173%	$1.3M	$2.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	36.400	+0.146%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.383	+0.099%	$49K	$237K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.348	+0.003%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	36.347	long leg	$91K	$3K	10x
Aevo MINIMAX-PERP	+0.0104%	1h	36.365	+0.051%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0330%	1h	36.320	−0.074%	$22K	$56K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0474%	1h	36.322	−0.069%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0486%	8h	36.370	+0.063%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.0621%	4h	36.355	+0.021%	$27K	$184K	10x	as long as short
Bitget MINIMAXUSDT	+0.0660%	8h	36.362	+0.041%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0690%	4h	36.349	+0.006%	$701	$119K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0722%	4h	36.360	+0.036%	$96K	$87K	20x	as long as short
Binance MINIMAXUSDT	+0.0791%	4h	36.356	+0.025%	$6.3M	$29.7M	25x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.345	−0.006%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1343%	8h	36.390	+0.118%	$2.8M	$7.9M	20x	as long as short