Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1520%/8h= +166.5% APRpaid last 24h +0.207%

Price spread now: Binance against SoDEX−0.019%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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: +$46 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	36.908	0.0050	pay 0.0006% / 1h	49m 10s	$93K	$3K	10x
Short	Binance MINIMAXUSDT	36.901	0.1570	get 0.0785% / 4h	49m 10s	$6.3M	$29.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $319.23
Price spread: −0.019% → 0.000%: −$1.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $299.34
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 15 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	2.70 bp	12.8 bp −$13	47.5 bp −$475	311.7 bp −$31.2K	doesn't fit

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 exchanges

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	36.930	+0.060%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.921	+0.035%	$50K	$265K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.926	+0.049%	$41K	$11K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	36.910	+0.005%	$5.0M	$3.4M	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	36.908	long leg	$93K	$3K	10x
Aster MINIMAXUSDT	+0.0186%	8h	36.972	+0.173%	$34K	$5K	20x	as long as short
Aevo MINIMAX-PERP	+0.0432%	1h	36.922	+0.039%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0676%	8h	36.950	+0.114%	$953K	$901K	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0748%	4h	36.920	+0.033%	$112K	$271K	20x	as long as short
Gate MINIMAX_USDT	+0.0825%	8h	36.950	+0.114%	$1.3M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.1012%	8h	36.923	+0.041%	$1.2M	$2.8M	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.1054%	1h	36.860	−0.130%	$21K	$58K	5x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1426%	8h	36.950	+0.114%	$2.7M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1444%	4h	36.952	+0.120%	$247	$107K	10x	as long as short
Extended MINIMAX-USD	+0.1568%	1h	36.896	−0.034%	$3K	$920	10x	as long as short
Binance MINIMAXUSDTshort	+0.1570%	4h	36.901	−0.019%	$6.3M	$29.9M	25x
edgeX MINIMAXUSDC	+0.1975%	4h	36.924	+0.043%	$28K	$182K	10x	as long as short