MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1499%/8h= +164.1% APRnext payment +$14.99 per $10,000 · paid last 24h −0.016%

Price spread now: OKX against Gate0.000%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1701.698% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 7 days−0.012%−$1 · spread now 0.000%, 7d avg +0.006%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$45 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	39.660	0	get 0.0000% / 8h	35m 55s	$1.2M	$6.2M	50x
Short	OKX MINIMAX-USDT-SWAP	39.660	0.1499	get 0.1499% / 8h	35m 55s	$1.6M	$9.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $314.8
Price spread: 0.000% → +0.006%: −$0.6
Slippage, 4 orders: −$144.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: $144.42
Costs to cover: 1.698%
Break-even: 3.8 days

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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 Gate live order book, 2 min ago	5.04 bp	60.1 bp −$60	235.9 bp −$2,359	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.52 bp	18.8 bp −$19	137.5 bp −$1,375	doesn't fit	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
Gate MINIMAX_USDTlong	0.0000%	8h	39.660	long leg	$1.2M	$6.2M	50x
SunX MINIMAX-USDT	0.0000%	4h	39.670	+0.025%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.642	−0.045%	$38K	$71K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.652	−0.020%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.632	−0.071%	$99K	$4K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0238%	1h	39.640	−0.050%	$4.6M	$2.9M	10x	as long as short
Aster MINIMAXUSDT	+0.0270%	8h	39.637	−0.057%	$34K	$152K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0742%	1h	39.520	−0.353%	$30K	$48K	5x	as long as short
Aevo MINIMAX-PERP	+0.0752%	1h	39.660	0.000%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0782%	8h	39.640	−0.050%	$938K	$1.4M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.1014%	4h	39.627	−0.082%	$30K	$187K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.1244%	4h	39.640	−0.050%	$100K	$44K	20x	as long as short
Bitget MINIMAXUSDT	+0.1450%	8h	39.633	−0.068%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1499%	8h	39.660	0.000%	$1.6M	$9.6M	20x
GRVT MINIMAX_USDT_Perp	+0.1548%	4h	39.647	−0.033%	$184	$137K	10x	as long as short
Extended MINIMAX-USD	+0.1816%	1h	39.633	−0.068%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1817%	4h	39.640	−0.051%	$6.3M	$35.2M	25x	as long as short