data as of
Settings8H · net · $10k
Funding arb /

MINIMAX

RWAall MINIMAX markets
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Funding spread now, next payment 19:00 UTC−0.0856%/8h
paid, last 24h−0.021%paid, last 3 days−0.154%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.154% in total (about -20.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MINIMAXUSDT38.4200.0906pay 0.0453% / 4h1h 03m$5.9M$34.0M25x
ShortSoDEX MINIMAX-USD38.4120.0050get 0.0006% / 1h3m 07s$96K$4K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$179.74
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$197.74
Break-even
never at this rate
Slippage unknown: Binance: live order book, 10 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.021%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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, 10 min ago2.60 bp12.6 bp −$1341.1 bp −$411doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster MINIMAXUSDT0.0000%8h$33K$152K20xas long as short
Bybit MINIMAXUSDT0.0000%8h$928K$1.4M25xas long as short
Gate MINIMAX_USDT0.0000%8h$1.3M$6.2M50xas long as short
SunX MINIMAX-USDT0.0000%4h$15$3.8M10xas long as short
HTX MINIMAX-USDT0.0000%4h$35K$74K20xas long as short
SoDEX MINIMAX-USDshort+0.0050%1h$96K$4K10x
Aevo MINIMAX-PERP+0.0120%1h10xas long as short
Lighter MINIMAX+0.0192%1h$50K$24K10xas long as short
KuCoin MINIMAXUSDTM+0.0446%4h$98K$41K20xas long as short
OKX MINIMAX-USDT-SWAP+0.0572%8h$1.6M$9.2M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget MINIMAXUSDT+0.0624%8h$1.2M$2.6M20xas long as short
Extended MINIMAX-USD+0.0904%1h$3K10xas long as short
Binance MINIMAXUSDTlong+0.0906%4h$5.9M$34.0M25x
tradeXYZ xyz:MINIMAX+0.1207%1h$4.5M$2.9M10xas long as short
edgeX MINIMAXUSDC+0.1571%4h$29K$187K10xas long as short
Ondo Perps MINIMAX-USD.P+0.2101%1h$25K$36K5xas long as short