Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1064%/8h= +116.5% APRpaid last 24h +0.147%

Price spread now: Extended against SunX−0.119%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.119% cheaper against SunX than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9 hours of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	39.650	0	get 0.0000% / 4h	3h 55m	$16	$3.8M	10x
Short	Extended MINIMAX-USD	39.603	0.1064	get 0.0133% / 1h	55m 28s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.119%Rate

Funding earned: $223.44
Price spread: −0.119% → 0.000%: −$11.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $198.5
Costs to cover: 0.130%
Break-even: 0.8 days

Slippage unknown: SunX: live order book, 2 min ago; Extended: no order-book sample. 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 SunX live order book, 2 min ago	32.77 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0862%	1h	39.605	−0.113%	$4.6M	$2.9M	10x	as long as short
GRVT MINIMAX_USDT_Perp	−0.0518%	4h	39.616	−0.086%	$353	$136K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.620	−0.076%	$937K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.630	−0.050%	$1.2M	$6.1M	50x	as long as short
SunX MINIMAX-USDTlong	0.0000%	4h	39.650	long leg	$16	$3.8M	10x
HTX MINIMAX-USDT	0.0000%	4h	39.627	−0.058%	$37K	$70K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.642	−0.020%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.607	−0.108%	$99K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.610	−0.101%	$30K	$47K	5x	as long as short
Aster MINIMAXUSDT	+0.0235%	8h	39.638	−0.032%	$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
Aevo MINIMAX-PERP	+0.0672%	1h	39.628	−0.056%	—	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0676%	4h	39.600	−0.126%	$100K	$43K	20x	as long as short
Binance MINIMAXUSDT	+0.1007%	4h	39.620	−0.076%	$6.5M	$35.5M	25x	as long as short
Extended MINIMAX-USDshort	+0.1064%	1h	39.603	−0.119%	$3K	—	10x
Bitget MINIMAXUSDT	+0.1238%	8h	39.609	−0.103%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1329%	8h	39.660	+0.025%	$1.7M	$9.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1974%	4h	39.604	−0.115%	$30K	$187K	10x	as long as short