Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.081%

Price spread now: KuCoin against SoDEX−0.023%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$417as in the Price arb table

costs, in and out, $10k−$4144.142% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.206%+$21 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now −0.023%, 7d avg +0.008%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.031% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.206% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	38.309	0.0050	pay 0.0006% / 1h	48m 13s	$96K	$3K	10x
Short	KuCoin MINIMAXUSDTM	38.300	0.0502	get 0.0251% / 4h	1h 48m	$97K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $94.92
Price spread: −0.023% → +0.008%: −$3.14
Slippage, 4 orders: −$394.24
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$322.46
Costs to cover: 4.142%
Break-even: 30.8 days

Slippage from SoDEX: live order book, 66 min ago; KuCoin: live order book, 86 min ago.

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 live order book, 66 min ago	5.51 bp	156.1 bp −$156	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 86 min ago	20.17 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	38.340	+0.081%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.340	+0.081%	$15	$2.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.285	−0.063%	$45K	$214K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.320	+0.029%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	38.309	long leg	$96K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.470	+0.420%	$30K	$37K	5x	as long as short
edgeX MINIMAXUSDC	+0.0287%	4h	38.532	+0.582%	$29K	$187K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0369%	1h	38.361	+0.136%	$4.4M	$2.9M	10x	as long as short
Aster MINIMAXUSDT	+0.0370%	8h	38.371	+0.163%	$34K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0384%	1h	38.311	+0.006%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTMshort	+0.0502%	4h	38.300	−0.023%	$97K	$36K	20x
Bybit MINIMAXUSDT	+0.0922%	8h	38.330	+0.055%	$914K	$1.2M	25x	as long as short
Binance MINIMAXUSDT	+0.1159%	4h	38.323	+0.036%	$6.4M	$31.1M	25x	as long as short
Extended MINIMAX-USD	+0.1160%	1h	38.280	−0.077%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1198%	8h	38.343	+0.089%	$1.3M	$2.5M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1323%	8h	38.400	+0.238%	$2.2M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1742%	4h	38.330	+0.055%	$306	$125K	10x	as long as short