Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.082%

Price spread now: edgeX against tradeXYZ+0.595%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.464%−$46 · spread now +0.595%, 7d avg −0.006%

Together, before fees−0.473%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.602% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.595% now, against its 7-day average of −0.006%): +$60 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.009% in total) that is about 16 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	38.304	0.0430	pay 0.0054% / 1h	50m 59s	$4.4M	$2.9M	10x
Short	edgeX MINIMAXUSDC	38.532	0.0287	get 0.0143% / 4h	1h 50m	$29K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.595%Rate

Funding earned: −$30.16
Price spread: +0.595% → −0.006%: $60.17
Slippage, 4 orders: −$52.66
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.65
Costs to cover: 0.797%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; edgeX: live order book, 11 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 tradeXYZ live order book, 7 min ago	3.22 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 11 min ago	11.62 bp	22.2 bp −$22	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	38.340	+0.094%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.390	+0.225%	$15	$2.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.386	+0.214%	$45K	$214K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.322	+0.047%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.470	+0.433%	$30K	$37K	5x	as long as short
Lighter MINIMAX	+0.0136%	1h	38.315	+0.029%	$43K	$25K	10x	as long as short
edgeX MINIMAXUSDCshort	+0.0287%	4h	38.532	+0.595%	$29K	$187K	10x
Aster MINIMAXUSDT	+0.0380%	8h	38.425	+0.317%	$34K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0400%	1h	38.332	+0.073%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0430%	1h	38.304	long leg	$4.4M	$2.9M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0524%	4h	38.360	+0.146%	$97K	$37K	20x	as long as short
Bybit MINIMAXUSDT	+0.0989%	8h	38.330	+0.068%	$918K	$1.2M	25x	as long as short
Extended MINIMAX-USD	+0.1192%	1h	38.291	−0.034%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1195%	4h	38.297	−0.018%	$6.4M	$31.4M	25x	as long as short
Bitget MINIMAXUSDT	+0.1219%	8h	38.326	+0.057%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1343%	8h	38.330	+0.068%	$2.2M	$8.3M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1812%	4h	38.540	+0.615%	$480	$124K	10x	as long as short