Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h +0.183%

Price spread now: Ondo Perps against Bitget+0.212%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.212% dearer against Bitget than usual: you sell high and buy low (spread +0.212% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	36.732	0.0782	pay 0.0782% / 8h	1h 38m	$1.2M	$2.8M	20x
Short	Ondo Perps MINIMAX-USD.P	36.810	0.0362	get 0.0045% / 1h	38m 42s	$23K	$51K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now +0.212%Rate

Funding earned: −$88.28
Price spread: +0.212% → 0.000%: $21.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$84.05
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.95 bp	22.1 bp −$22	25.9 bp −$259	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	36.740	+0.022%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.679	−0.144%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.685	−0.128%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.693	−0.106%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0257%	8h	36.780	+0.131%	$1.3M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0362%	1h	36.810	+0.212%	$23K	$51K	5x
Lighter MINIMAX	+0.0472%	1h	36.745	+0.035%	$41K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0547%	8h	36.730	−0.005%	$913K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0634%	8h	36.800	+0.185%	$33K	$46K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0668%	1h	36.675	−0.155%	$4.5M	$3.3M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDTlong	+0.0782%	8h	36.732	long leg	$1.2M	$2.8M	20x
KuCoin MINIMAXUSDTM	+0.0786%	4h	36.740	+0.022%	$96K	$37K	20x	as long as short
Binance MINIMAXUSDT	+0.1002%	4h	36.715	−0.046%	$6.3M	$32.5M	25x	as long as short
Extended MINIMAX-USD	+0.1008%	1h	36.707	−0.068%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.1132%	4h	36.692	−0.109%	$28K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1306%	4h	36.701	−0.085%	$373	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1447%	8h	36.770	+0.103%	$2.8M	$8.4M	20x	as long as short