Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: SunX against Gate0.000%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2742.738% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 3 days (all we have)+0.154%+$15 · spread now 0.000%, 7d avg +0.050%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.050% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	38.340	0	get 0.0000% / 8h	5h 48m	$1.4M	$3.9M	50x
Short	SunX MINIMAX-USDT	38.340	0	get 0.0000% / 4h	1h 48m	$15	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.050%: −$4.98
Slippage, 4 orders: −$250.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$278.82
Costs to cover: 2.738%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; SunX: live order book, 10 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 Gate live order book, 5 min ago	9.07 bp	76.4 bp −$76	242.0 bp −$2,420	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	32.19 bp	87.0 bp −$87	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
Gate MINIMAX_USDTlong	0.0000%	8h	38.340	long leg	$1.4M	$3.9M	50x
SunX MINIMAX-USDTshort	0.0000%	4h	38.340	0.000%	$15	$2.8M	10x
HTX MINIMAX-USDT	0.0000%	4h	38.285	−0.143%	$45K	$214K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.320	−0.052%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.309	−0.081%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.470	+0.339%	$30K	$37K	5x	as long as short
edgeX MINIMAXUSDC	+0.0287%	4h	38.532	+0.501%	$29K	$187K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0369%	1h	38.361	+0.055%	$4.4M	$2.9M	10x	as long as short
Aster MINIMAXUSDT	+0.0370%	8h	38.371	+0.082%	$34K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0384%	1h	38.311	−0.074%	—	—	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	+0.0502%	4h	38.300	−0.104%	$97K	$36K	20x	as long as short
Bybit MINIMAXUSDT	+0.0922%	8h	38.330	−0.026%	$914K	$1.2M	25x	as long as short
Binance MINIMAXUSDT	+0.1159%	4h	38.323	−0.044%	$6.4M	$31.1M	25x	as long as short
Extended MINIMAX-USD	+0.1160%	1h	38.280	−0.157%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1198%	8h	38.343	+0.008%	$1.3M	$2.5M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1323%	8h	38.400	+0.156%	$2.2M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1742%	4h	38.330	−0.026%	$306	$125K	10x	as long as short