MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.114%

Price spread now: KuCoin against SunX−0.053%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2632.629% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.053% cheaper against SunX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 35 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	37.730	0	get 0.0000% / 4h	3h 18m	$15	$2.3M	10x
Short	KuCoin MINIMAXUSDTM	37.710	0.0122	get 0.0061% / 4h	3h 18m	$100K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $25.62
Price spread: −0.053% → 0.000%: −$5.3
Slippage, 4 orders: −$242.89
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$242.57
Costs to cover: 2.629%
Break-even: 73.3 days

Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 45 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, 7 min ago	33.06 bp	54.4 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 45 min ago	23.75 bp	42.2 bp −$42	doesn't fit	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
Gate MINIMAX_USDT	0.0000%	8h	37.750	+0.053%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.756	+0.070%	$430	$126K	10x	as long as short
SunX MINIMAX-USDTlong	0.0000%	4h	37.730	long leg	$15	$2.3M	10x
HTX MINIMAX-USDT	0.0000%	4h	37.724	−0.016%	$42K	$220K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.718	−0.032%	$42K	$25K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	37.712	−0.048%	$4.4M	$2.9M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.709	−0.056%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.750	+0.053%	$26K	$42K	5x	as long as short
Bybit MINIMAXUSDT	+0.0065%	8h	37.740	+0.027%	$925K	$1.0M	25x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.723	−0.019%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTMshort	+0.0122%	4h	37.710	−0.053%	$100K	$38K	20x
Aster MINIMAXUSDT	+0.0176%	8h	37.767	+0.099%	$33K	$150K	20x	as long as short
Binance MINIMAXUSDT	+0.0294%	4h	37.700	−0.080%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0296%	1h	37.694	−0.097%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0501%	8h	37.698	−0.085%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDC	+0.0773%	4h	37.732	+0.004%	$28K	$183K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1088%	8h	37.710	−0.053%	$2.7M	$8.2M	20x	as long as short