Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.290%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1731.727% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.290%, 7d avg −0.059%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.231% cheaper against SunX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	36.540	0	get 0.0000% / 4h	49m 51s	$15	$1.7M	10x
Short	HTX MINIMAX-USDT	36.434	0	get 0.0000% / 4h	49m 51s	$49K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.290%Rate

Funding earned: $0
Price spread: −0.290% → −0.059%: −$23.14
Slippage, 4 orders: −$152.65
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$195.79
Costs to cover: 1.727%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; HTX: live order book, 24 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, 6 min ago	31.23 bp	54.7 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 24 min ago	5.47 bp	13.8 bp −$14	42.2 bp −$422	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	36.540	long leg	$15	$1.7M	10x
HTX MINIMAX-USDTshort	0.0000%	4h	36.434	−0.290%	$49K	$232K	20x
Lighter MINIMAX	+0.0032%	1h	36.457	−0.227%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.454	−0.235%	$91K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.480	−0.164%	$23K	$51K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.463	−0.209%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0148%	1h	36.416	−0.339%	$4.7M	$3.2M	10x	as long as short
Gate MINIMAX_USDT	+0.0329%	8h	36.490	−0.137%	$1.3M	$2.8M	50x	as long as short
Bybit MINIMAXUSDT	+0.0400%	8h	36.430	−0.301%	$915K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0585%	8h	36.531	−0.025%	$33K	$46K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0706%	4h	36.450	−0.246%	$96K	$36K	20x	as long as short
Bitget MINIMAXUSDT	+0.0712%	8h	36.446	−0.257%	$1.2M	$2.8M	20x	as long as short
edgeX MINIMAXUSDC	+0.0751%	4h	36.678	+0.376%	$28K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0820%	4h	36.829	+0.791%	$271	$126K	10x	as long as short
Extended MINIMAX-USD	+0.0840%	1h	36.450	−0.246%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0847%	4h	36.440	−0.274%	$6.3M	$31.7M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1399%	8h	36.480	−0.164%	$2.8M	$8.4M	20x	as long as short