Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against HTX−0.116%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.116% cheaper against HTX than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7.7 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	38.071	0	get 0.0000% / 4h	10m 00s	$43K	$216K	20x
Short	SoDEX MINIMAX-USD	38.027	0.0050	get 0.0006% / 1h	10m 00s	$95K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $10.5
Price spread: −0.116% → 0.000%: −$11.56
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.06
Costs to cover: 0.200%
Break-even: 21.0 days

Slippage unknown: HTX: live order book, 19 min ago; SoDEX: 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, 19 min ago	2.36 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	38.090	+0.050%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.080	+0.024%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	38.071	long leg	$43K	$216K	20x
SoDEX MINIMAX-USDshort	+0.0050%	1h	38.027	−0.116%	$95K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.030	−0.108%	$27K	$42K	5x	as long as short
Lighter MINIMAX	+0.0096%	1h	38.045	−0.068%	$43K	$25K	10x	as long as short
Aevo MINIMAX-PERP	+0.0144%	1h	38.041	−0.079%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0282%	8h	38.080	+0.024%	$929K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0369%	8h	38.054	−0.045%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0524%	4h	38.050	−0.055%	$100K	$39K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MINIMAX_USDT_Perp	+0.0830%	4h	38.076	+0.014%	$218	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0840%	8h	38.053	−0.047%	$1.3M	$2.6M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0845%	1h	38.040	−0.081%	$4.4M	$3.0M	10x	as long as short
Extended MINIMAX-USD	+0.0872%	1h	38.023	−0.125%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0874%	4h	38.040	−0.081%	$6.4M	$30.6M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1395%	8h	38.090	+0.050%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDC	+0.1630%	4h	38.052	−0.051%	$29K	$184K	10x	as long as short