MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.185%

Price spread now: SunX against Binance+0.053%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1551.554% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now +0.053%, 7d avg +0.027%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.026% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.027%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.274% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	37.750	0.0027	pay 0.0013% / 4h	3h 03m	$6.3M	$30.9M	25x
Short	SunX MINIMAX-USDT	37.770	0	get 0.0000% / 4h	3h 03m	$15	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$5.66
Price spread: +0.053% → +0.027%: $2.57
Slippage, 4 orders: −$137.4
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$158.49
Costs to cover: 1.554%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; SunX: live order book, 3 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, 8 min ago	1.33 bp	11.1 bp −$11	38.0 bp −$380	293.0 bp −$29.3K	doesn't fit
Sell SunX live order book, 3 min ago	31.75 bp	82.4 bp −$82	doesn't fit	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
edgeX MINIMAXUSDC	−0.0507%	4h	37.742	−0.022%	$28K	$183K	10x	as long as short
tradeXYZ xyz:MINIMAX	−0.0011%	1h	37.724	−0.069%	$4.4M	$2.9M	10x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	37.800	+0.132%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.730	−0.052%	$355	$125K	10x	as long as short
SunX MINIMAX-USDTshort	0.0000%	4h	37.770	+0.053%	$15	$2.3M	10x
HTX MINIMAX-USDT	0.0000%	4h	37.762	+0.032%	$42K	$224K	20x	as long as short
Bybit MINIMAXUSDT	+0.0004%	8h	37.780	+0.079%	$926K	$1.0M	25x	as long as short
Extended MINIMAX-USD	+0.0024%	1h	37.742	−0.020%	$3K	—	10x	as long as short
Binance MINIMAXUSDTlong	+0.0027%	4h	37.750	long leg	$6.3M	$30.9M	25x
Lighter MINIMAX	+0.0032%	1h	37.734	−0.042%	$43K	$25K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MINIMAX-USD.P	+0.0047%	1h	37.700	−0.132%	$26K	$42K	5x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.743	−0.019%	$95K	$3K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.730	−0.053%	$100K	$38K	20x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.734	−0.042%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0121%	8h	37.765	+0.040%	$33K	$150K	20x	as long as short
Bitget MINIMAXUSDT	+0.0367%	8h	37.757	+0.019%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.0977%	8h	37.770	+0.053%	$2.7M	$8.3M	20x	as long as short