Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.207%

Price spread now: Gate against Binance+0.159%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1061.065% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.159%, 7d avg −0.004%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.163% dearer against Binance than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of −0.004%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.038% in total) that is about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	37.720	0.0066	pay 0.0033% / 4h	3h 07m	$6.3M	$30.9M	25x
Short	Gate MINIMAX_USDT	37.780	0	get 0.0000% / 8h	3h 07m	$1.4M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.159%Rate

Funding earned: −$13.86
Price spread: +0.159% → −0.004%: $16.31
Slippage, 4 orders: −$81.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.01
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 6 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 Binance live order book, 4 min ago	1.33 bp	11.1 bp −$11	38.0 bp −$380	293.0 bp −$29.3K	doesn't fit
Sell Gate live order book, 6 min ago	2.64 bp	66.0 bp −$66	233.2 bp −$2,332	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
tradeXYZ xyz:MINIMAX	0.0000%	1h	37.707	−0.034%	$4.4M	$2.9M	10x	as long as short
Gate MINIMAX_USDTshort	0.0000%	8h	37.780	+0.159%	$1.4M	$3.8M	50x
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.710	−0.027%	$355	$125K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.710	−0.027%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.680	−0.106%	$42K	$225K	20x	as long as short
Bybit MINIMAXUSDT	+0.0018%	8h	37.720	0.000%	$925K	$1.0M	25x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.693	−0.072%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.693	−0.072%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.640	−0.212%	$26K	$41K	5x	as long as short
Binance MINIMAXUSDTlong	+0.0066%	4h	37.720	long leg	$6.3M	$30.9M	25x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MINIMAX-USD	+0.0088%	1h	37.730	+0.027%	$3K	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.710	−0.027%	$100K	$38K	20x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.687	−0.088%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0136%	8h	37.752	+0.084%	$33K	$150K	20x	as long as short
Bitget MINIMAXUSDT	+0.0389%	8h	37.758	+0.101%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDC	+0.0936%	4h	37.688	−0.086%	$28K	$183K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1007%	8h	37.770	+0.133%	$2.7M	$8.3M	20x	as long as short