Settings8H · net · $10k
Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0684%/8h= −74.9% APRpaid last 24h +0.062%
Price spread now: tradeXYZ against Binance−0.136%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$510.512% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.147%+$15 on $10k
Price spread, last 7 days+0.042%+$4 · spread now −0.136%, 7d avg −0.083%
Together, before fees+0.189%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and tradeXYZ is 0.053% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.147%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MINIMAXUSDT39.1300.0969pay 0.0484% / 4h1h 21m$6.5M$31.0M25x
ShorttradeXYZ xyz:MINIMAX39.0770.0285get 0.0036% / 1h21m 48s$4.5M$2.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
−$143.63
Price spread: −0.136% → −0.083%
−$5.3
Slippage, 4 orders
−$23.21
Fee Binance: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$200.13
Costs to cover
0.512%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; tradeXYZ: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago3.87 bp10.2 bp −$1028.8 bp −$288172.7 bp −$17.3Kdoesn't fit
Sell tradeXYZ live order book, 5 min ago3.09 bp12.5 bp −$12doesn't fitdoesn't fitdoesn't fit

MINIMAX on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MINIMAXUSDC−0.0005%4h38.881−0.638%$29K$183K10xas long as short
Gate MINIMAX_USDT0.0000%8h39.150+0.051%$1.4M$4.0M50xas long as short
SunX MINIMAX-USDT0.0000%4h39.170+0.102%$16$2.6M10xas long as short
HTX MINIMAX-USDT0.0000%4h39.145+0.038%$44K$218K20xas long as short
Lighter MINIMAX+0.0032%1h39.121−0.023%$44K$25K10xas long as short
SoDEX MINIMAX-USD+0.0050%1h39.132+0.005%$98K$3K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h38.820−0.793%$29K$39K5xas long as short
tradeXYZ xyz:MINIMAXshort+0.0285%1h39.077−0.136%$4.5M$2.9M10x
Aevo MINIMAX-PERP+0.0296%1h39.130−0.001%10xas long as short
Aster MINIMAXUSDT+0.0362%8h39.137+0.018%$35K$150K20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.0418%4h39.060−0.179%$99K$36K20xas long as short
Bybit MINIMAXUSDT+0.0569%8h39.150+0.051%$958K$1.1M25xas long as short
Extended MINIMAX-USD+0.0968%1h39.085−0.116%$3K10xas long as short
Binance MINIMAXUSDTlong+0.0969%4h39.130long leg$6.5M$31.0M25x
Bitget MINIMAXUSDT+0.1045%8h39.169+0.099%$1.3M$2.6M20xas long as short
GRVT MINIMAX_USDT_Perp+0.1110%4h38.767−0.928%$482$124K10xas long as short
OKX MINIMAX-USDT-SWAP+0.1248%8h39.180+0.127%$2.4M$8.5M20xas long as short