Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1145%/8h= +125.4% APRpaid last 24h −0.183%

Price spread now: Binance against Ondo Perps−0.365%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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. Binance is 0.365% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.365% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 26 hours of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MINIMAX-USD.P	38.470	0.0050	pay 0.0006% / 1h	51m 10s	$30K	$37K	5x
Short	Binance MINIMAXUSDT	38.329	0.1195	get 0.0598% / 4h	1h 51m	$6.4M	$31.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.365%Rate

Funding earned: $240.47
Price spread: −0.365% → 0.000%: −$36.53
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $188.94
Costs to cover: 0.150%
Break-even: 1.5 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	3.88 bp	11.3 bp −$11	31.4 bp −$314	165.9 bp −$16.6K	doesn't fit

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	38.400	−0.182%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.390	−0.208%	$15	$2.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.386	−0.218%	$45K	$214K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.322	−0.385%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.Plong	+0.0050%	1h	38.470	long leg	$30K	$37K	5x
Lighter MINIMAX	+0.0136%	1h	38.315	−0.403%	$43K	$25K	10x	as long as short
edgeX MINIMAXUSDC	+0.0287%	4h	38.532	+0.161%	$29K	$187K	10x	as long as short
Aster MINIMAXUSDT	+0.0380%	8h	38.445	−0.066%	$34K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0400%	1h	38.332	−0.359%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0447%	1h	38.385	−0.221%	$4.4M	$2.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0524%	4h	38.360	−0.286%	$97K	$37K	20x	as long as short
Bybit MINIMAXUSDT	+0.0989%	8h	38.340	−0.338%	$918K	$1.2M	25x	as long as short
Extended MINIMAX-USD	+0.1192%	1h	38.340	−0.339%	$3K	—	10x	as long as short
Binance MINIMAXUSDTshort	+0.1195%	4h	38.329	−0.365%	$6.4M	$31.4M	25x
Bitget MINIMAXUSDT	+0.1219%	8h	38.334	−0.354%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1343%	8h	38.380	−0.234%	$2.2M	$8.3M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1812%	4h	38.540	+0.181%	$480	$124K	10x	as long as short