Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.284%

Price spread now: Ondo Perps against SunX−0.529%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

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. Ondo Perps is 0.529% cheaper against SunX than usual: you would sell low and buy high (spread −0.529% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$53 on $10k: about 35 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	39.700	0	get 0.0000% / 4h	3h 45m	$16	$3.8M	10x
Short	Ondo Perps MINIMAX-USD.P	39.490	0.0050	get 0.0006% / 1h	45m 51s	$30K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.529%Rate

Funding earned: $10.58
Price spread: −0.529% → 0.000%: −$52.9
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$55.31
Costs to cover: 0.130%
Break-even: 43.6 days

Slippage unknown: SunX: live order book, 12 min ago; 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 SunX live order book, 12 min ago	32.77 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
tradeXYZ xyz:MINIMAX	−0.0687%	1h	39.662	−0.096%	$4.6M	$2.9M	10x	as long as short
GRVT MINIMAX_USDT_Perp	−0.0268%	4h	39.630	−0.176%	$353	$136K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.670	−0.076%	$939K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.670	−0.076%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDTlong	0.0000%	4h	39.700	long leg	$16	$3.8M	10x
HTX MINIMAX-USDT	0.0000%	4h	39.657	−0.108%	$38K	$70K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.652	−0.121%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.661	−0.098%	$100K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.0050%	1h	39.490	−0.529%	$30K	$47K	5x
Aster MINIMAXUSDT	+0.0211%	8h	39.671	−0.073%	$34K	$152K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0464%	4h	39.650	−0.126%	$100K	$43K	20x	as long as short
edgeX MINIMAXUSDC	+0.0498%	4h	39.633	−0.169%	$30K	$188K	10x	as long as short
Aevo MINIMAX-PERP	+0.0632%	1h	39.658	−0.105%	—	—	10x	as long as short
Extended MINIMAX-USD	+0.0768%	1h	39.662	−0.096%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0768%	4h	39.680	−0.050%	$6.5M	$35.5M	25x	as long as short
Bitget MINIMAXUSDT	+0.1154%	8h	39.667	−0.083%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1264%	8h	39.720	+0.050%	$1.7M	$9.6M	20x	as long as short