Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.5% APRpaid last 24h −0.244%

Price spread now: Gate against tradeXYZ+0.220%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.220%, 7d avg +0.078%

Together, before fees−0.321%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.142% dearer against tradeXYZ than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.255%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	36.400	0.0301	pay 0.0038% / 1h	10m 13s	$4.8M	$3.3M	10x
Short	Gate MINIMAX_USDT	36.480	0.0425	get 0.0425% / 8h	10m 13s	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.220%Rate

Funding earned: $25.97
Price spread: +0.220% → +0.078%: $14.18
Slippage, 4 orders: −$31.29
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.14
Costs to cover: 0.643%
Break-even: 13.5 days

Slippage from tradeXYZ: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago	1.64 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.46 bp	13.0 bp −$13	164.6 bp −$1,646	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-USDT	0.0000%	4h	36.490	+0.247%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.434	+0.093%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0048%	1h	36.455	+0.151%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.419	+0.052%	$91K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.490	+0.247%	$23K	$53K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.451	+0.139%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0301%	1h	36.400	long leg	$4.8M	$3.3M	10x
Bybit MINIMAXUSDT	+0.0348%	8h	36.410	+0.027%	$921K	$917K	25x	as long as short
Gate MINIMAX_USDTshort	+0.0425%	8h	36.480	+0.220%	$1.3M	$2.9M	50x
Aster MINIMAXUSDT	+0.0581%	8h	36.385	−0.040%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MINIMAX_USDT_Perp	+0.0690%	4h	36.550	+0.412%	$323	$121K	10x	as long as short
Bitget MINIMAXUSDT	+0.0702%	8h	36.415	+0.041%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0780%	4h	36.440	+0.110%	$95K	$58K	20x	as long as short
Binance MINIMAXUSDT	+0.0847%	4h	36.434	+0.092%	$6.4M	$29.8M	25x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	36.411	+0.031%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.1383%	4h	36.554	+0.424%	$27K	$184K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1413%	8h	36.440	+0.110%	$2.8M	$7.9M	20x	as long as short