Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.313%

Price spread now: Ondo Perps against SoDEX−0.252%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 Ondo Perps

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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.252% cheaper against SoDEX than usual: you would sell low and buy high, −$25 on $10k if it 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	37.735	0.0050	pay 0.0006% / 1h	37m 00s	$95K	$3K	10x
Short	Ondo Perps MINIMAX-USD.P	37.640	0.0050	get 0.0006% / 1h	37m 00s	$26K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.252%Rate

Funding earned: $0.08
Price spread: −0.252% → 0.000%: −$25.18
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$38.09
Costs to cover: 0.130%
Break-even: 3181.3 days

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

SoDEX and 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
edgeX MINIMAXUSDC	−0.0223%	4h	37.740	+0.015%	$28K	$183K	10x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	37.790	+0.146%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.760	+0.066%	$451	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.760	+0.066%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.735	0.000%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.735	0.000%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	37.735	long leg	$95K	$3K	10x
Ondo Perps MINIMAX-USD.Pshort	+0.0050%	1h	37.640	−0.252%	$26K	$41K	5x
Aevo MINIMAX-PERP	+0.0104%	1h	37.743	+0.021%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0107%	1h	37.729	−0.016%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0145%	8h	37.770	+0.093%	$927K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0236%	8h	37.777	+0.112%	$33K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0340%	4h	37.750	+0.040%	$100K	$39K	20x	as long as short
Extended MINIMAX-USD	+0.0584%	1h	37.729	−0.015%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0588%	4h	37.740	+0.013%	$6.3M	$30.9M	25x	as long as short
Bitget MINIMAXUSDT	+0.0649%	8h	37.735	0.000%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1227%	8h	37.760	+0.066%	$2.7M	$8.3M	20x	as long as short