Settings8H · net · $10k
Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0124%/8h= +13.5% APRnext payment +$0.15 per $10,000 · paid last 24h +0.021%
Price spread now: Extended against tradeXYZ+0.032%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.032% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MINIMAX36.8130.1676pay 0.0210% / 1h9m 10s$4.9M$3.3M10x
ShortExtended MINIMAX-USD36.8250.1800get 0.0225% / 1h9m 10s$3K$92010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$25.96
Price spread: +0.032% → 0.000%
$3.23
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$6.18
Costs to cover
0.230%
Break-even
5.3 days
Slippage unknown: tradeXYZ: live order book, 2 min ago; Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 2 min ago1.76 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX MINIMAX-USDT0.0000%4h36.860+0.128%$15$1.1M10xas long as short
HTX MINIMAX-USDT0.0000%4h36.852+0.106%$45K$256K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h36.819+0.016%$92K$3K10xas long as short
Aevo MINIMAX-PERP+0.0264%1h36.857+0.118%10xas long as short
Aster MINIMAXUSDT+0.0431%8h36.746−0.182%$33K$5K20xas long as short
Gate MINIMAX_USDT+0.0641%8h36.890+0.209%$1.3M$2.9M50xas long as short
KuCoin MINIMAXUSDTM+0.0776%4h36.900+0.236%$111K$190K20xas long as short
Lighter MINIMAX+0.0888%1h36.843+0.081%$41K$23K10xas long as short
Bitget MINIMAXUSDT+0.1074%8h36.830+0.046%$1.2M$2.7M20xas long as short
edgeX MINIMAXUSDC+0.1306%4h36.847+0.091%$28K$182K10xas long as short
Show all 17 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MINIMAXUSDT+0.1450%8h36.860+0.128%$949K$899K25xas long as short
OKX MINIMAX-USDT-SWAP+0.1540%8h36.900+0.236%$2.9M$8.0M20xas long as short
tradeXYZ xyz:MINIMAXlong+0.1676%1h36.813long leg$4.9M$3.3M10x
Extended MINIMAX-USDshort+0.1800%1h36.825+0.032%$3K$92010x
Binance MINIMAXUSDT+0.1800%4h36.837+0.065%$6.3M$29.7M25xas long as short
GRVT MINIMAX_USDT_Perp+0.2386%4h36.860+0.128%$222$113K10xas long as short
Ondo Perps MINIMAX-USD.P+0.2846%1h36.820+0.019%$22K$57K5xas long as short