Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h +0.089%

Price spread now: GRVT against SoDEX−0.013%74s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on GRVT

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 airdropGRVT: 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: −$10 a day on $10k at the current rate. The two prices were read 74 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	39.615	0.0050	pay 0.0006% / 1h	49m 56s	$99K	$4K	10x
Short	GRVT MINIMAX_USDT_Perp	39.610	−0.0296	pay 0.0148% / 4h	3h 49m	$353	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$72.66
Price spread: −0.013% → 0.000%: −$1.26
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$90.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 18 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 GRVT live order book, 18 min ago	3.78 bp	23.7 bp −$24	50.5 bp −$505	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
tradeXYZ xyz:MINIMAX	−0.0826%	1h	39.594	−0.053%	$4.6M	$2.9M	10x	as long as short
GRVT MINIMAX_USDT_Perpshort	−0.0296%	4h	39.610	−0.013%	$353	$136K	10x
Bybit MINIMAXUSDT	0.0000%	8h	39.620	+0.013%	$938K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.620	+0.013%	$1.2M	$6.1M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.650	+0.088%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.606	−0.023%	$37K	$70K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.617	+0.005%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	39.615	long leg	$99K	$4K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.630	+0.038%	$30K	$47K	5x	as long as short
Aster MINIMAXUSDT	+0.0223%	8h	39.618	+0.007%	$34K	$152K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0532%	4h	39.600	−0.038%	$100K	$43K	20x	as long as short
Aevo MINIMAX-PERP	+0.0648%	1h	39.616	+0.004%	—	—	10x	as long as short
Binance MINIMAXUSDT	+0.0871%	4h	39.611	−0.011%	$6.5M	$35.5M	25x	as long as short
edgeX MINIMAXUSDC	+0.0872%	4h	39.611	−0.011%	$30K	$187K	10x	as long as short
Extended MINIMAX-USD	+0.0872%	1h	39.612	−0.008%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1187%	8h	39.616	+0.003%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1291%	8h	39.630	+0.038%	$1.7M	$9.6M	20x	as long as short