MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0771%/8h= +84.5% APRnext payment +$0.96 per $10,000 · paid last 24h +0.193%

Price spread now: tradeXYZ against SoDEX+0.120%7-day average +0.003% · you sell dearer than you buy

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

Long on SoDEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.244%+$24 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.120%, 7d avg +0.003%

Together, before fees+0.004%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and tradeXYZ is 0.117% dearer against SoDEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.003%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.244% in total (about 27.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MINIMAX-USD	38.276	0.0050	pay 0.0006% / 1h	59m 19s	$96K	$3K	10x
Short	tradeXYZ xyz:MINIMAX	38.322	0.0821	get 0.0103% / 1h	59m 19s	$4.5M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.120%Rate

Funding earned: $162
Price spread: +0.120% → +0.003%: $11.71
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $147.71
Costs to cover: 0.260%
Break-even: 0.6 days

Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	2.84 bp	18.8 bp −$19	doesn't fit	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
Gate MINIMAX_USDT	0.0000%	8h	38.370	+0.246%	$1.4M	$3.7M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.400	+0.324%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.441	+0.431%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.313	+0.097%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USDlong	+0.0050%	1h	38.276	long leg	$96K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	+0.010%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0224%	1h	38.291	+0.040%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0329%	8h	38.327	+0.133%	$34K	$150K	20x	as long as short
Bybit MINIMAXUSDT	+0.0366%	8h	38.290	+0.037%	$941K	$1.1M	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0390%	4h	38.330	+0.141%	$97K	$36K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAXshort	+0.0821%	1h	38.322	+0.120%	$4.5M	$2.9M	10x
Binance MINIMAXUSDT	+0.0845%	4h	38.270	−0.016%	$6.4M	$31.2M	25x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	38.274	−0.005%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0860%	4h	38.440	+0.429%	$712	$125K	10x	as long as short
Bitget MINIMAXUSDT	+0.0925%	8h	38.282	+0.016%	$1.3M	$2.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1033%	4h	38.413	+0.358%	$29K	$184K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1278%	8h	38.350	+0.193%	$2.6M	$8.6M	20x	as long as short