Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.031%

Price spread now: OKX against tradeXYZ+0.027%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$22 on $10k

Price spread, last 7 days+0.124%+$12 · spread now +0.027%, 7d avg +0.083%

Together, before fees−0.091%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.056% cheaper against tradeXYZ than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	37.020	0.1025	pay 0.0128% / 1h	45m 36s	$4.3M	$3.0M	10x
Short	OKX MINIMAX-USDT-SWAP	37.030	0.1024	get 0.1024% / 8h	2h 45m	$2.7M	$8.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$0.36
Price spread: +0.027% → +0.083%: −$5.62
Slippage, 4 orders: −$47.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.59
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; OKX: live order book, 2 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, 3 min ago	0.54 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.05 bp	24.2 bp −$24	203.1 bp −$2,031	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	37.110	+0.243%	$1.2M	$3.4M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	36.904	−0.312%	$302	$127K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.970	−0.135%	$15	$2.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.949	−0.192%	$41K	$225K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.934	−0.232%	$93K	$3K	10x	as long as short
Extended MINIMAX-USD	+0.0088%	1h	37.050	+0.082%	$3K	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0090%	1h	37.130	+0.297%	$24K	$47K	5x	as long as short
Binance MINIMAXUSDT	+0.0091%	4h	37.061	+0.112%	$6.2M	$31.9M	25x	as long as short
Bybit MINIMAXUSDT	+0.0096%	8h	37.050	+0.081%	$908K	$1.1M	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	36.950	−0.189%	$97K	$37K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MINIMAX-PERP	+0.0104%	1h	36.892	−0.346%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0188%	8h	36.980	−0.108%	$33K	$45K	20x	as long as short
edgeX MINIMAXUSDC	+0.0276%	4h	36.924	−0.260%	$28K	$184K	10x	as long as short
Lighter MINIMAX	+0.0296%	1h	37.008	−0.032%	$41K	$25K	10x	as long as short
Bitget MINIMAXUSDT	+0.0399%	8h	37.070	+0.135%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1024%	8h	37.030	+0.027%	$2.7M	$8.2M	20x
tradeXYZ xyz:MINIMAXlong	+0.1025%	1h	37.020	long leg	$4.3M	$3.0M	10x