MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0630%/8h= −69.0% APRnext payment −$0.79 per $10,000 · paid last 24h +0.110%

Price spread now: Ondo Perps against tradeXYZ−0.168%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Ondo Perps

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Ondo Perps is 0.168% cheaper against tradeXYZ than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	37.513	0.1122	pay 0.0140% / 1h	10m 31s	$4.6M	$3.3M	10x
Short	Ondo Perps MINIMAX-USD.P	37.450	0.0492	get 0.0062% / 1h	10m 31s	$24K	$51K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$132.36
Price spread: −0.168% → 0.000%: −$16.79
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$172.16
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Ondo Perps: 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 tradeXYZ live order book, 8 min ago	2.15 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
SunX MINIMAX-USDT	0.0000%	4h	37.590	+0.205%	$15	$2.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.571	+0.155%	$47K	$236K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.588	+0.200%	$94K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.588	+0.199%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0114%	8h	37.640	+0.339%	$1.4M	$3.5M	50x	as long as short
Bybit MINIMAXUSDT	+0.0409%	8h	37.560	+0.125%	$927K	$1.1M	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0468%	4h	37.460	−0.141%	$99K	$38K	20x	as long as short
Aster MINIMAXUSDT	+0.0482%	8h	37.500	−0.035%	$33K	$45K	20x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0492%	1h	37.450	−0.168%	$24K	$51K	5x
Lighter MINIMAX	+0.0536%	1h	37.617	+0.277%	$42K	$25K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0650%	8h	37.569	+0.149%	$1.2M	$2.8M	20x	as long as short
Extended MINIMAX-USD	+0.0688%	1h	37.597	+0.224%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0696%	4h	37.530	+0.045%	$6.5M	$32.4M	25x	as long as short
edgeX MINIMAXUSDC	+0.1070%	4h	37.392	−0.321%	$28K	$182K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1098%	4h	37.336	−0.472%	$329	$126K	10x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.1122%	1h	37.513	long leg	$4.6M	$3.3M	10x
OKX MINIMAX-USDT-SWAP	+0.1314%	8h	37.570	+0.152%	$2.9M	$8.6M	20x	as long as short