Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0700%/8h= −76.7% APRpaid last 24h −0.099%

Price spread now: SoDEX against KuCoin+0.014%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MINIMAXUSDTM	36.540	0.0750	pay 0.0375% / 4h	31m 26s	$96K	$35K	20x
Short	SoDEX MINIMAX-USD	36.545	0.0050	get 0.0006% / 1h	31m 26s	$92K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against KuCoin. 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 KuCoinbpFee SoDEXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$147
Price spread: +0.014% → 0.000%: $1.37
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$165.63
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: no order-book sample; 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 KuCoin no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

KuCoin and 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
SunX MINIMAX-USDT	0.0000%	4h	36.560	+0.055%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.521	−0.052%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0048%	1h	36.540	0.000%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	36.545	+0.014%	$92K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.550	+0.027%	$23K	$52K	5x	as long as short
edgeX MINIMAXUSDC	+0.0070%	4h	36.510	−0.081%	$27K	$184K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.558	+0.049%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0316%	1h	36.500	−0.109%	$4.8M	$3.3M	10x	as long as short
Gate MINIMAX_USDT	+0.0367%	8h	36.580	+0.109%	$1.3M	$2.9M	50x	as long as short
Bybit MINIMAXUSDT	+0.0393%	8h	36.550	+0.027%	$920K	$965K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0591%	8h	36.489	−0.138%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0706%	8h	36.544	+0.011%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTMlong	+0.0750%	4h	36.540	long leg	$96K	$35K	20x
GRVT MINIMAX_USDT_Perp	+0.0770%	4h	36.487	−0.144%	$1K	$123K	10x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.534	−0.016%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0858%	4h	36.546	+0.017%	$6.4M	$30.2M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1410%	8h	36.550	+0.027%	$2.8M	$7.9M	20x	as long as short