Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0354%/8h= +38.8% APRpaid last 24h −0.022%

Price spread now: Gate against SunX+0.055%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2232.231% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.055%, 7d avg −0.050%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Gate is 0.105% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.050%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.3% 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	36.470	0	get 0.0000% / 4h	40m 10s	$15	$1.4M	10x
Short	Gate MINIMAX_USDT	36.490	0.0354	get 0.0354% / 8h	40m 10s	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.055%Rate

Funding earned: $74.34
Price spread: +0.055% → −0.050%: $10.53
Slippage, 4 orders: −$200.15
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.28
Costs to cover: 2.231%
Break-even: 20.0 days

Slippage from SunX: live order book, 5 min ago; Gate: live order book, 3 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, 5 min ago	32.77 bp	58.0 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.49 bp	41.0 bp −$41	167.2 bp −$1,672	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
SunX MINIMAX-USDTlong	0.0000%	4h	36.470	long leg	$15	$1.4M	10x
HTX MINIMAX-USDT	0.0000%	4h	36.368	−0.280%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.422	−0.132%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.408	−0.170%	$91K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.530	+0.165%	$23K	$52K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.419	−0.141%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0276%	1h	36.403	−0.184%	$4.7M	$3.3M	10x	as long as short
Gate MINIMAX_USDTshort	+0.0354%	8h	36.490	+0.055%	$1.3M	$2.9M	50x
edgeX MINIMAXUSDC	+0.0356%	4h	36.542	+0.198%	$27K	$182K	10x	as long as short
Bybit MINIMAXUSDT	+0.0397%	8h	36.440	−0.082%	$920K	$1.0M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0587%	8h	36.386	−0.231%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0712%	8h	36.437	−0.090%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0730%	4h	36.390	−0.219%	$95K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0788%	4h	36.525	+0.152%	$850	$125K	10x	as long as short
Binance MINIMAXUSDT	+0.0854%	4h	36.424	−0.126%	$6.3M	$30.7M	25x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.380	−0.246%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1396%	8h	36.490	+0.055%	$2.8M	$8.2M	20x	as long as short