Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%

Price spread now: SoDEX against SunX−0.105%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. SoDEX is 0.105% cheaper against SunX than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	39.830	0	get 0.0000% / 4h	3h 04m	$16	$3.8M	10x
Short	SoDEX MINIMAX-USD	39.788	0.0050	get 0.0006% / 1h	4m 15s	$100K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $10.5
Price spread: −0.105% → 0.000%: −$10.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.04
Costs to cover: 0.160%
Break-even: 17.7 days

Slippage unknown: SunX: live order book, 4 min ago; SoDEX: 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, 4 min ago	31.35 bp	93.2 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
edgeX MINIMAXUSDC	−0.0338%	4h	39.807	−0.057%	$30K	$187K	10x	as long as short
tradeXYZ xyz:MINIMAX	−0.0148%	1h	39.775	−0.138%	$4.7M	$3.0M	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.810	−0.050%	$944K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.790	−0.100%	$1.2M	$6.2M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	39.740	−0.226%	$512	$131K	10x	as long as short
SunX MINIMAX-USDTlong	0.0000%	4h	39.830	long leg	$16	$3.8M	10x
HTX MINIMAX-USDT	0.0000%	4h	39.802	−0.070%	$37K	$70K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.785	−0.113%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	39.788	−0.105%	$100K	$4K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.760	−0.176%	$31K	$50K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MINIMAX-USD	+0.0080%	1h	39.785	−0.113%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0081%	4h	39.793	−0.093%	$6.6M	$35.7M	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	39.700	−0.326%	$100K	$44K	20x	as long as short
Aster MINIMAXUSDT	+0.0107%	8h	39.668	−0.406%	$35K	$152K	20x	as long as short
Aevo MINIMAX-PERP	+0.0448%	1h	39.791	−0.098%	—	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0894%	8h	39.786	−0.110%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1038%	8h	39.840	+0.025%	$1.7M	$9.6M	20x	as long as short