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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.027%
Price spread now: OKX against Binance+0.086%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$550.546% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.007%−$1 on $10k
Price spread, last 2 days (all we have)−0.015%−$2 · spread now +0.086%, 7d avg +0.079%
Together, before fees−0.022%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MINIMAXUSDT38.2970.1195pay 0.0598% / 4h1h 50m$6.4M$31.4M25x
ShortOKX MINIMAX-USDT-SWAP38.3300.1343get 0.1343% / 8h5h 50m$2.2M$8.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$31.06
Price spread: +0.086% → +0.079%
$0.67
Slippage, 4 orders
−$34.59
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$22.86
Costs to cover
0.546%
Break-even
12.2 days
Slippage from Binance: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago3.88 bp13.5 bp −$1331.9 bp −$319169.7 bp −$17.0Kdoesn't fit
Sell OKX live order book, 2 min ago3.89 bp11.3 bp −$1193.0 bp −$930doesn't fitdoesn't fit

MINIMAX on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MINIMAX_USDT0.0000%8h38.340+0.112%$1.4M$3.9M50xas long as short
SunX MINIMAX-USDT0.0000%4h38.390+0.243%$15$2.9M10xas long as short
HTX MINIMAX-USDT0.0000%4h38.386+0.232%$45K$214K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h38.322+0.065%$96K$3K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h38.470+0.452%$30K$37K5xas long as short
Lighter MINIMAX+0.0136%1h38.315+0.047%$43K$25K10xas long as short
edgeX MINIMAXUSDC+0.0287%4h38.532+0.614%$29K$187K10xas long as short
Aster MINIMAXUSDT+0.0380%8h38.425+0.335%$34K$150K20xas long as short
Aevo MINIMAX-PERP+0.0400%1h38.332+0.091%10xas long as short
tradeXYZ xyz:MINIMAX+0.0430%1h38.304+0.018%$4.4M$2.9M10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.0524%4h38.360+0.164%$97K$37K20xas long as short
Bybit MINIMAXUSDT+0.0989%8h38.330+0.086%$918K$1.2M25xas long as short
Extended MINIMAX-USD+0.1192%1h38.291−0.016%$3K10xas long as short
Binance MINIMAXUSDTlong+0.1195%4h38.297long leg$6.4M$31.4M25x
Bitget MINIMAXUSDT+0.1219%8h38.326+0.076%$1.3M$2.6M20xas long as short
OKX MINIMAX-USDT-SWAPshort+0.1343%8h38.330+0.086%$2.2M$8.3M20x
GRVT MINIMAX_USDT_Perp+0.1812%4h38.540+0.633%$480$124K10xas long as short