Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.328%

Price spread now: Ondo Perps against HTX−0.331%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding pays, the price is against you. Ondo Perps is 0.331% cheaper against HTX than usual: you would sell low and buy high (spread −0.331% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 22 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	HTX MINIMAX-USDT	37.765	0	get 0.0000% / 4h	3h 39m	$42K	$219K	20x
Short	Ondo Perps MINIMAX-USD.P	37.640	0.0050	get 0.0006% / 1h	39m 40s	$26K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now −0.331%Rate

Funding earned: $10.58
Price spread: −0.331% → 0.000%: −$33.1
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$39.52
Costs to cover: 0.170%
Break-even: 33.1 days

Slippage unknown: HTX: live order book, 49 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 HTX live order book, 49 min ago	2.36 bp	24.1 bp −$24	doesn't fit	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_USDT	0.0000%	8h	37.810	+0.119%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	+0.066%	$451	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.770	+0.013%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	37.765	long leg	$42K	$219K	20x
Lighter MINIMAX	+0.0032%	1h	37.767	+0.005%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.762	−0.008%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0050%	1h	37.640	−0.331%	$26K	$41K	5x
Aevo MINIMAX-PERP	+0.0104%	1h	37.795	+0.080%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0156%	8h	37.790	+0.066%	$928K	$1.1M	25x	as long as short
edgeX MINIMAXUSDC	+0.0225%	4h	37.762	−0.007%	$28K	$182K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0245%	8h	37.809	+0.117%	$34K	$150K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0261%	1h	37.774	+0.024%	$4.4M	$2.9M	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0374%	4h	37.790	+0.066%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0618%	4h	37.750	−0.040%	$6.3M	$30.9M	25x	as long as short
Extended MINIMAX-USD	+0.0640%	1h	37.741	−0.063%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0669%	8h	37.752	−0.034%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1243%	8h	37.760	−0.013%	$2.6M	$8.3M	20x	as long as short