Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.048%

Price spread now: Binance against Bitget−0.067%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.067%, 7d avg +0.029%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.097% cheaper against Bitget than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.029%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	37.045	0.0697	pay 0.0697% / 8h	2h 01m	$1.2M	$2.8M	20x
Short	Binance MINIMAXUSDT	37.020	0.0815	get 0.0407% / 4h	2h 01m	$6.4M	$32.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.067%Rate

Funding earned: $24.69
Price spread: −0.067% → +0.029%: −$9.66
Slippage, 4 orders: −$44.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.16
Costs to cover: 0.662%
Break-even: 21.5 days

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 10 min ago.

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 Bitget live order book, 1 min ago	2.84 bp	20.3 bp −$20	37.1 bp −$371	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.66 bp	7.7 bp −$8	29.4 bp −$294	177.8 bp −$17.8K	doesn't fit

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
SunX MINIMAX-USDT	0.0000%	4h	37.050	+0.013%	$15	$2.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.993	−0.140%	$48K	$237K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.004	−0.111%	$93K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.032	−0.034%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0145%	4h	36.989	−0.150%	$28K	$183K	10x	as long as short
Gate MINIMAX_USDT	+0.0152%	8h	37.070	+0.067%	$1.3M	$3.6M	50x	as long as short
Bybit MINIMAXUSDT	+0.0465%	8h	37.060	+0.040%	$916K	$1.1M	25x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0473%	1h	36.990	−0.148%	$23K	$51K	5x	as long as short
Aster MINIMAXUSDT	+0.0531%	8h	37.101	+0.152%	$33K	$45K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0574%	4h	37.020	−0.067%	$97K	$38K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MINIMAX	+0.0600%	1h	37.011	−0.092%	$41K	$25K	10x	as long as short
Bitget MINIMAXUSDTlong	+0.0697%	8h	37.045	long leg	$1.2M	$2.8M	20x
Extended MINIMAX-USD	+0.0792%	1h	37.015	−0.080%	$3K	—	10x	as long as short
Binance MINIMAXUSDTshort	+0.0815%	4h	37.020	−0.067%	$6.4M	$32.6M	25x
tradeXYZ xyz:MINIMAX	+0.1076%	1h	36.971	−0.200%	$4.5M	$3.3M	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1264%	4h	37.000	−0.121%	$863	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1370%	8h	37.090	+0.121%	$2.8M	$8.5M	20x	as long as short