Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.170%

Price spread now: SoDEX against Binance−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 Binance Short on SoDEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	37.750	0.0027	pay 0.0013% / 4h	3h 03m	$6.3M	$30.9M	25x
Short	SoDEX MINIMAX-USD	37.743	0.0050	get 0.0006% / 1h	3m 14s	$95K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $4.84
Price spread: −0.019% → 0.000%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.01
Costs to cover: 0.180%
Break-even: 28.7 days

Slippage unknown: Binance: live order book, 8 min ago; SoDEX: 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 Binance live order book, 8 min ago	1.33 bp	11.1 bp −$11	38.0 bp −$380	293.0 bp −$29.3K	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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
edgeX MINIMAXUSDC	−0.0507%	4h	37.742	−0.022%	$28K	$183K	10x	as long as short
tradeXYZ xyz:MINIMAX	−0.0011%	1h	37.724	−0.069%	$4.4M	$2.9M	10x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	37.800	+0.132%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.730	−0.052%	$355	$125K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.770	+0.053%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.762	+0.032%	$42K	$224K	20x	as long as short
Bybit MINIMAXUSDT	+0.0004%	8h	37.780	+0.079%	$926K	$1.0M	25x	as long as short
Extended MINIMAX-USD	+0.0024%	1h	37.742	−0.020%	$3K	—	10x	as long as short
Binance MINIMAXUSDTlong	+0.0027%	4h	37.750	long leg	$6.3M	$30.9M	25x
Lighter MINIMAX	+0.0032%	1h	37.734	−0.042%	$43K	$25K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MINIMAX-USD.P	+0.0047%	1h	37.700	−0.132%	$26K	$42K	5x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	37.743	−0.019%	$95K	$3K	10x
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.730	−0.053%	$100K	$38K	20x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.734	−0.042%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0121%	8h	37.765	+0.040%	$33K	$150K	20x	as long as short
Bitget MINIMAXUSDT	+0.0367%	8h	37.757	+0.019%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.0977%	8h	37.770	+0.053%	$2.7M	$8.3M	20x	as long as short