Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.178%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 SunX

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

The price spread pays, funding is against you. SunX is 0.178% dearer against SoDEX than usual: you sell high and buy low (spread +0.178% now, against zero (this spread has no 7-day history yet)): +$18 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	37.014	0.0050	pay 0.0006% / 1h	52m 56s	$93K	$3K	10x
Short	SunX MINIMAX-USDT	37.080	0	get 0.0000% / 4h	1h 52m	$15	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$10.5
Price spread: +0.178% → 0.000%: $17.83
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.67
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	32.34 bp	88.9 bp −$89	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
SunX MINIMAX-USDTshort	0.0000%	4h	37.080	+0.178%	$15	$2.0M	10x
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	+0.0202%	8h	37.100	+0.232%	$1.4M	$3.2M	50x	as long as short
Bybit MINIMAXUSDT	+0.0514%	8h	37.040	+0.070%	$919K	$1.1M	25x	as long as short
Lighter MINIMAX	+0.0560%	1h	37.043	+0.078%	$41K	$25K	10x	as long as short
Aster MINIMAXUSDT	+0.0584%	8h	37.101	+0.236%	$33K	$46K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0615%	1h	37.000	−0.038%	$23K	$51K	5x	as long as short
KuCoin MINIMAXUSDTM	+0.0684%	4h	37.030	+0.043%	$97K	$38K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0743%	8h	37.075	+0.165%	$1.2M	$2.8M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0909%	1h	37.000	−0.038%	$4.5M	$3.3M	10x	as long as short
Binance MINIMAXUSDT	+0.0910%	4h	37.050	+0.097%	$6.4M	$32.6M	25x	as long as short
Extended MINIMAX-USD	+0.0912%	1h	37.040	+0.070%	$3K	—	10x	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-SWAP	+0.1414%	8h	37.060	+0.124%	$2.8M	$8.5M	20x	as long as short
edgeX MINIMAXUSDC	+0.1510%	4h	37.032	+0.049%	$28K	$183K	10x	as long as short