Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0634%/8h= +69.4% APRpaid last 24h +0.204%

Price spread now: Bitget against SunX−0.090%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1921.923% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 4 days (all we have)−0.578%−$58 · spread now −0.090%, 7d avg −0.086%

Together, before fees−0.425%−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	36.750	0.0274	pay 0.0137% / 4h	3h 03m	$15	$1.2M	10x
Short	Bitget MINIMAXUSDT	36.717	0.0908	get 0.0908% / 8h	7h 03m	$1.2M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.090%Rate

Funding earned: $133.09
Price spread: −0.090% → −0.086%: −$0.39
Slippage, 4 orders: −$172.28
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.58
Costs to cover: 1.923%
Break-even: 10.1 days

Slippage from SunX: live order book, 9 min ago; Bitget: live order book, 4 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 SunX live order book, 9 min ago	32.66 bp	58.0 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.22 bp	19.7 bp −$20	32.7 bp −$327	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
HTX MINIMAX-USDT	0.0000%	4h	36.725	−0.068%	$45K	$255K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.715	−0.095%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.738	−0.033%	—	—	10x	as long as short
SunX MINIMAX-USDTlong	+0.0274%	4h	36.750	long leg	$15	$1.2M	10x
Aster MINIMAXUSDT	+0.0573%	8h	36.495	−0.693%	$33K	$5K	20x	as long as short
Gate MINIMAX_USDT	+0.0646%	8h	36.750	0.000%	$1.3M	$2.9M	50x	as long as short
KuCoin MINIMAXUSDTM	+0.0672%	4h	36.640	−0.299%	$101K	$127K	20x	as long as short
edgeX MINIMAXUSDC	+0.0748%	4h	36.679	−0.192%	$28K	$183K	10x	as long as short
Lighter MINIMAX	+0.0840%	1h	36.706	−0.120%	$41K	$23K	10x	as long as short
Bitget MINIMAXUSDTshort	+0.0908%	8h	36.717	−0.090%	$1.2M	$2.7M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.1196%	1h	36.696	−0.147%	$4.9M	$3.3M	10x	as long as short
Extended MINIMAX-USD	+0.1328%	1h	36.700	−0.135%	$3K	$920	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.1378%	1h	36.700	−0.136%	$22K	$56K	5x	as long as short
Binance MINIMAXUSDT	+0.1379%	4h	36.710	−0.109%	$6.3M	$29.7M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1394%	8h	36.770	+0.054%	$2.8M	$8.0M	20x	as long as short
Bybit MINIMAXUSDT	+0.2599%	8h	36.700	−0.136%	$936K	$895K	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2946%	4h	36.699	−0.138%	$355	$117K	10x	as long as short