Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.208%

Price spread now: tradeXYZ against HTX−0.270%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.412%+$41 on $10k

Price spread, last 4 days (all we have)−0.345%−$35 · spread now −0.270%, 7d avg −0.042%

Together, before fees+0.067%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.228% cheaper against HTX than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of −0.042%). If the spread goes back, that is −$23 on $10k: about 2.9 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MINIMAX-USDT	39.254	0	get 0.0000% / 4h	1h 23m	$44K	$218K	20x
Short	tradeXYZ xyz:MINIMAX	39.148	0.0266	get 0.0033% / 1h	23m 17s	$4.6M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.270%Rate

Funding earned: $55.96
Price spread: −0.270% → −0.042%: −$22.81
Slippage, 4 orders: −$31.79
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.64
Costs to cover: 0.618%
Break-even: 10.6 days

Slippage from HTX: live order book, 10 min ago; tradeXYZ: live order book, 4 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 HTX live order book, 10 min ago	1.05 bp	12.8 bp −$13	34.9 bp −$349	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	3.09 bp	12.5 bp −$12	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
edgeX MINIMAXUSDC	−0.0005%	4h	38.881	−0.951%	$29K	$183K	10x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.180	−0.189%	$1.4M	$4.0M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.220	−0.087%	$16	$2.6M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	39.254	long leg	$44K	$218K	20x
Lighter MINIMAX	+0.0032%	1h	39.283	+0.074%	$44K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.174	−0.204%	$98K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.820	−1.106%	$29K	$39K	5x	as long as short
tradeXYZ xyz:MINIMAXshort	+0.0266%	1h	39.148	−0.270%	$4.6M	$2.9M	10x
Aevo MINIMAX-PERP	+0.0304%	1h	39.189	−0.166%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0360%	8h	39.325	+0.181%	$35K	$150K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0416%	4h	39.180	−0.189%	$99K	$36K	20x	as long as short
Bybit MINIMAXUSDT	+0.0583%	8h	39.200	−0.138%	$956K	$1.1M	25x	as long as short
Binance MINIMAXUSDT	+0.0968%	4h	39.180	−0.189%	$6.5M	$30.9M	25x	as long as short
Extended MINIMAX-USD	+0.0968%	1h	39.149	−0.268%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1049%	8h	39.129	−0.318%	$1.3M	$2.5M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1110%	4h	38.767	−1.241%	$482	$124K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1255%	8h	39.220	−0.087%	$2.4M	$8.5M	20x	as long as short