Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1011%/8h= +110.7% APRpaid last 24h −0.082%

Price spread now: edgeX against tradeXYZ+0.566%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.492%−$49 · spread now +0.566%, 7d avg −0.004%

Together, before fees−0.501%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.570% dearer against tradeXYZ than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of −0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment. 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	tradeXYZ xyz:MINIMAX	38.443	0.0378	pay 0.0047% / 1h	1m 04s	$4.5M	$2.9M	10x
Short	edgeX MINIMAXUSDC	38.661	0.1389	get 0.0694% / 4h	1h 01m	$29K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.566%Rate

Funding earned: $212.33
Price spread: +0.566% → −0.004%: $57.02
Slippage, 4 orders: −$50.76
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $191.59
Costs to cover: 0.778%
Break-even: 0.7 days

Slippage from tradeXYZ: live order book, 7 min ago; edgeX: live order book, 61 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 tradeXYZ live order book, 7 min ago	2.84 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	11.62 bp	22.2 bp −$22	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_USDT	0.0000%	8h	38.460	+0.044%	$1.4M	$4.1M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.480	+0.096%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.386	−0.148%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.427	−0.042%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.408	−0.091%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	−0.424%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0232%	1h	38.416	−0.070%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0329%	8h	38.430	−0.033%	$34K	$150K	20x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0378%	1h	38.443	long leg	$4.5M	$2.9M	10x
Bybit MINIMAXUSDT	+0.0380%	8h	38.460	+0.044%	$945K	$1.1M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0392%	4h	38.430	−0.034%	$97K	$36K	20x	as long as short
Binance MINIMAXUSDT	+0.0854%	4h	38.440	−0.008%	$6.5M	$31.3M	25x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	38.409	−0.087%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0876%	4h	38.463	+0.051%	$717	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0933%	8h	38.429	−0.036%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1267%	8h	38.500	+0.148%	$2.6M	$8.6M	20x	as long as short
edgeX MINIMAXUSDCshort	+0.1389%	4h	38.661	+0.566%	$29K	$183K	10x