Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1364%/8h= +149.4% APRpaid last 24h +0.158%

Price spread now: OKX against SoDEX+0.151%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 OKX

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 +$41 a day on $10k at the current rate, and OKX is 0.151% dearer against SoDEX than usual: you sell high and buy low: +$15 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	37.014	0.0050	pay 0.0006% / 1h	52m 35s	$93K	$3K	10x
Short	OKX MINIMAX-USDT-SWAP	37.070	0.1414	get 0.1414% / 8h	1h 52m	$2.8M	$8.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $286.51
Price spread: +0.151% → 0.000%: $15.13
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $283.64
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: SoDEX: no order-book sample; OKX: 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 OKX live order book, 5 min ago	4.04 bp	16.2 bp −$16	38.2 bp −$382	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
SunX MINIMAX-USDT	0.0000%	4h	37.080	+0.178%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.066	+0.140%	$48K	$234K	20x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	37.014	long leg	$93K	$3K	10x
Aevo MINIMAX-PERP	+0.0104%	1h	37.024	+0.028%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0208%	8h	37.120	+0.286%	$1.4M	$3.2M	50x	as long as short
Bybit MINIMAXUSDT	+0.0520%	8h	37.070	+0.151%	$920K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0593%	8h	37.104	+0.242%	$33K	$46K	20x	as long as short
Lighter MINIMAX	+0.0624%	1h	37.069	+0.149%	$41K	$25K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0696%	4h	37.050	+0.097%	$98K	$38K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0709%	1h	36.970	−0.119%	$23K	$51K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0750%	8h	37.065	+0.138%	$1.2M	$2.8M	20x	as long as short
Extended MINIMAX-USD	+0.0912%	1h	37.051	+0.100%	$3K	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0914%	1h	37.010	−0.011%	$4.5M	$3.3M	10x	as long as short
Binance MINIMAXUSDT	+0.0931%	4h	37.062	+0.129%	$6.4M	$32.5M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1344%	4h	37.060	+0.124%	$865	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1414%	8h	37.070	+0.151%	$2.8M	$8.5M	20x
edgeX MINIMAXUSDC	+0.1510%	4h	37.032	+0.049%	$28K	$183K	10x	as long as short