Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.037%

Price spread now: SoDEX against Gate−0.222%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$484as in the Price arb table

costs, in and out, $10k−$4664.663% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.071%−$7 on $10k

Price spread, last 3 days (all we have)+0.307%+$31 · spread now −0.222%, 7d avg −0.046%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.176% cheaper against Gate than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of −0.046%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	38.290	0	get 0.0000% / 8h	5h 46m	$1.4M	$3.9M	50x
Short	SoDEX MINIMAX-USD	38.205	0.0050	get 0.0006% / 1h	46m 17s	$96K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.222%Rate

Funding earned: $10.5
Price spread: −0.222% → −0.046%: −$17.55
Slippage, 4 orders: −$443.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$473.36
Costs to cover: 4.663%
Break-even: 322.6 days

Slippage from Gate: live order book, 2 min ago; SoDEX: live order book, 67 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	9.12 bp	83.9 bp −$84	246.7 bp −$2,467	doesn't fit	doesn't fit
Sell SoDEX live order book, 67 min ago	5.51 bp	169.1 bp −$169	doesn't fit	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	38.290	long leg	$1.4M	$3.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	38.310	+0.052%	$15	$2.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.169	−0.316%	$45K	$214K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.150	−0.366%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	38.205	−0.222%	$96K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.270	−0.052%	$30K	$37K	5x	as long as short
Aster MINIMAXUSDT	+0.0362%	8h	38.350	+0.157%	$34K	$150K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0372%	1h	38.281	−0.024%	$4.4M	$2.9M	10x	as long as short
Aevo MINIMAX-PERP	+0.0376%	1h	38.233	−0.148%	—	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0494%	4h	38.260	−0.078%	$97K	$36K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0880%	8h	38.180	−0.287%	$909K	$1.1M	25x	as long as short
Extended MINIMAX-USD	+0.1144%	1h	38.220	−0.183%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1145%	4h	38.168	−0.319%	$6.3M	$30.7M	25x	as long as short
Bitget MINIMAXUSDT	+0.1185%	8h	38.159	−0.342%	$1.3M	$2.5M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1320%	8h	38.160	−0.340%	$2.2M	$8.1M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1742%	4h	38.330	+0.105%	$306	$125K	10x	as long as short
edgeX MINIMAXUSDC	+0.1865%	4h	38.290	+0.001%	$29K	$188K	10x	as long as short