Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.017%

Price spread now: Binance against Extended+0.023%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Binance

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 airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.023% dearer against Extended than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	39.581	0.0208	pay 0.0026% / 1h	24m 25s	$3K	—	10x
Short	Binance MINIMAXUSDT	39.590	0.0198	get 0.0099% / 4h	3h 24m	$6.5M	$35.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$2.1
Price spread: +0.023% → 0.000%: $2.25
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.85
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Binance: live order book, 2 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 Extended no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	1.26 bp	11.6 bp −$12	36.3 bp −$363	200.3 bp −$20.0K	doesn't fit

Extended: 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	−0.0579%	1h	39.573	−0.020%	$4.6M	$3.0M	10x	as long as short
GRVT MINIMAX_USDT_Perp	−0.0420%	4h	39.550	−0.079%	$393	$133K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.580	−0.003%	$936K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.590	+0.023%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.620	+0.098%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.646	+0.164%	$37K	$69K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.572	−0.023%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.580	−0.003%	$99K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.440	−0.356%	$30K	$48K	5x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	39.590	+0.023%	$100K	$43K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0157%	8h	39.597	+0.039%	$35K	$152K	20x	as long as short
Binance MINIMAXUSDTshort	+0.0198%	4h	39.590	+0.023%	$6.5M	$35.6M	25x
Extended MINIMAX-USDlong	+0.0208%	1h	39.581	long leg	$3K	—	10x
Aevo MINIMAX-PERP	+0.0488%	1h	39.578	−0.008%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0892%	4h	39.561	−0.050%	$30K	$187K	10x	as long as short
Bitget MINIMAXUSDT	+0.0926%	8h	39.573	−0.020%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1102%	8h	39.620	+0.098%	$1.7M	$9.6M	20x	as long as short