Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0988%/8h= −108.2% APRpaid last 24h −0.164%

Price spread now: SoDEX against OKX−0.278%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and SoDEX is 0.278% cheaper against OKX than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MINIMAX-USDT-SWAP	39.900	0.1038	pay 0.1038% / 8h	6h 58m	$1.7M	$9.6M	20x
Short	SoDEX MINIMAX-USD	39.789	0.0050	get 0.0006% / 1h	58m 43s	$100K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.278%Rate

Funding earned: −$207.45
Price spread: −0.278% → 0.000%: −$27.82
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$253.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	2.51 bp	21.1 bp −$21	170.0 bp −$1,700	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
Bybit MINIMAXUSDT	0.0000%	8h	39.810	−0.226%	$945K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.800	−0.251%	$1.2M	$4.3M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.820	−0.201%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.787	−0.283%	$37K	$70K	20x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	39.789	−0.278%	$100K	$4K	10x
GRVT MINIMAX_USDT_Perp	+0.0072%	4h	39.784	−0.290%	$502	$130K	10x	as long as short
Aster MINIMAXUSDT	+0.0095%	8h	39.690	−0.527%	$35K	$152K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	39.720	−0.451%	$100K	$44K	20x	as long as short
Extended MINIMAX-USD	+0.0104%	1h	39.785	−0.289%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0112%	4h	39.800	−0.251%	$6.7M	$35.7M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MINIMAX-PERP	+0.0440%	1h	39.772	−0.320%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0738%	1h	39.640	−0.652%	$31K	$50K	5x	as long as short
Lighter MINIMAX	+0.0768%	1h	39.801	−0.248%	$46K	$23K	10x	as long as short
Bitget MINIMAXUSDT	+0.0904%	8h	39.807	−0.233%	$1.3M	$2.8M	20x	as long as short
edgeX MINIMAXUSDC	+0.1012%	4h	39.751	−0.375%	$30K	$188K	10x	as long as short
OKX MINIMAX-USDT-SWAPlong	+0.1038%	8h	39.900	long leg	$1.7M	$9.6M	20x
tradeXYZ xyz:MINIMAX	+0.1357%	1h	39.778	−0.306%	$4.7M	$3.0M	10x	as long as short