Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0123%/8h= +13.4% APRpaid last 24h +0.241%

Price spread now: tradeXYZ against Gate−0.130%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1191.185% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.130%, 7d avg −0.078%

Together, before fees+0.213%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.078%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	37.780	0	get 0.0000% / 8h	3h 37m	$1.4M	$3.8M	50x
Short	tradeXYZ xyz:MINIMAX	37.731	0.0123	get 0.0015% / 1h	37m 08s	$4.4M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.130%Rate

Funding earned: $25.75
Price spread: −0.130% → −0.078%: −$5.18
Slippage, 4 orders: −$85.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$97.93
Costs to cover: 1.185%
Break-even: 33.6 days

Slippage from Gate: live order book, 1 min ago; tradeXYZ: live order book, 1 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, 1 min ago	1.32 bp	24.5 bp −$24	222.5 bp −$2,225	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 1 min ago	1.72 bp	15.6 bp −$16	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
edgeX MINIMAXUSDC	−0.0223%	4h	37.740	−0.105%	$28K	$183K	10x	as long as short
Gate MINIMAX_USDTlong	0.0000%	8h	37.780	long leg	$1.4M	$3.8M	50x
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.760	−0.054%	$451	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.760	−0.053%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.735	−0.119%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.735	−0.119%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.735	−0.119%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.640	−0.371%	$26K	$41K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.743	−0.098%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXshort	+0.0123%	1h	37.731	−0.130%	$4.4M	$2.9M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0145%	8h	37.770	−0.026%	$927K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0236%	8h	37.778	−0.004%	$33K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0340%	4h	37.750	−0.079%	$100K	$39K	20x	as long as short
Extended MINIMAX-USD	+0.0584%	1h	37.719	−0.161%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0588%	4h	37.730	−0.132%	$6.3M	$30.9M	25x	as long as short
Bitget MINIMAXUSDT	+0.0649%	8h	37.728	−0.138%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1227%	8h	37.760	−0.053%	$2.6M	$8.3M	20x	as long as short