Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h −0.037%

Price spread now: Gate against SoDEX+0.096%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Gate

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.096% dearer against SoDEX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	36.545	0.0050	pay 0.0006% / 1h	31m 50s	$92K	$3K	10x
Short	Gate MINIMAX_USDT	36.580	0.0367	get 0.0367% / 8h	31m 50s	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.096%Rate

Funding earned: $66.57
Price spread: +0.096% → 0.000%: $9.58
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $53.15
Costs to cover: 0.230%
Break-even: 1.4 days

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	10.94 bp	67.9 bp −$68	235.9 bp −$2,359	doesn't fit	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 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	+0.041%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.521	−0.066%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0048%	1h	36.554	+0.025%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	36.545	long leg	$92K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.550	+0.014%	$23K	$52K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.558	+0.036%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0318%	1h	36.498	−0.129%	$4.8M	$3.3M	10x	as long as short
Gate MINIMAX_USDTshort	+0.0367%	8h	36.580	+0.096%	$1.3M	$2.9M	50x
Bybit MINIMAXUSDT	+0.0393%	8h	36.550	+0.014%	$920K	$965K	25x	as long as short
edgeX MINIMAXUSDC	+0.0442%	4h	36.514	−0.085%	$27K	$183K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0594%	8h	36.488	−0.157%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0708%	8h	36.538	−0.019%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0752%	4h	36.550	+0.014%	$96K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0770%	4h	36.487	−0.158%	$1K	$123K	10x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.526	−0.053%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0860%	4h	36.539	−0.017%	$6.4M	$30.3M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1410%	8h	36.570	+0.068%	$2.8M	$8.0M	20x	as long as short