Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.351%

Price spread now: Ondo Perps against Gate−0.209%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Ondo Perps is 0.209% cheaper against Gate than usual: you would sell low and buy high (spread −0.209% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	38.350	0	get 0.0000% / 8h	5h 47m	$1.4M	$3.9M	50x
Short	Ondo Perps MINIMAX-USD.P	38.270	0.0050	get 0.0006% / 1h	47m 34s	$30K	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.209%Rate

Funding earned: $10.58
Price spread: −0.209% → 0.000%: −$20.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$30.28
Costs to cover: 0.200%
Break-even: 27.0 days

Slippage unknown: Gate: live order book, 6 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 Gate live order book, 6 min ago	9.07 bp	76.4 bp −$76	242.0 bp −$2,420	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
Gate MINIMAX_USDTlong	0.0000%	8h	38.350	long leg	$1.4M	$3.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	38.340	−0.026%	$15	$2.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.285	−0.169%	$45K	$214K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.322	−0.073%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.309	−0.107%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0050%	1h	38.270	−0.209%	$30K	$37K	5x
edgeX MINIMAXUSDC	+0.0287%	4h	38.532	+0.475%	$29K	$187K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0365%	1h	38.307	−0.112%	$4.4M	$2.9M	10x	as long as short
Aster MINIMAXUSDT	+0.0366%	8h	38.399	+0.127%	$34K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0384%	1h	38.311	−0.100%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0496%	4h	38.320	−0.078%	$97K	$36K	20x	as long as short
Bybit MINIMAXUSDT	+0.0901%	8h	38.320	−0.078%	$913K	$1.2M	25x	as long as short
Binance MINIMAXUSDT	+0.1150%	4h	38.315	−0.092%	$6.3M	$31.2M	25x	as long as short
Extended MINIMAX-USD	+0.1160%	1h	38.304	−0.120%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1191%	8h	38.333	−0.044%	$1.3M	$2.5M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1323%	8h	38.380	+0.078%	$2.2M	$8.1M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1742%	4h	38.330	−0.052%	$306	$125K	10x	as long as short