Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0383%/8h= −41.9% APRpaid last 24h −0.208%

Price spread now: HTX against tradeXYZ−0.094%49s7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.654% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.412%−$41 on $10k

Price spread, last 4 days (all we have)+0.709%+$71 · spread now −0.094%, 7d avg +0.042%

Together, before fees+0.297%+ Points / potential airdroptradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and HTX is 0.136% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.042%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	38.422	0.0383	pay 0.0048% / 1h	0m 26s	$4.5M	$2.9M	10x
Short	HTX MINIMAX-USDT	38.386	0	get 0.0000% / 4h	1h 00m	$43K	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$80.37
Price spread: −0.094% → +0.042%: −$13.56
Slippage, 4 orders: −$35.38
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$159.31
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; HTX: live order book, 33 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, 8 min ago	2.84 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	1.05 bp	21.1 bp −$21	42.4 bp −$424	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	38.450	+0.073%	$1.4M	$4.1M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.480	+0.151%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	38.386	−0.094%	$43K	$218K	20x
Lighter MINIMAX	+0.0032%	1h	38.428	+0.016%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.408	−0.036%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	−0.370%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0224%	1h	38.424	+0.006%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0331%	8h	38.442	+0.052%	$34K	$150K	20x	as long as short
Bybit MINIMAXUSDT	+0.0376%	8h	38.460	+0.099%	$945K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0383%	1h	38.422	long leg	$4.5M	$2.9M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0396%	4h	38.420	−0.005%	$97K	$36K	20x	as long as short
Binance MINIMAXUSDT	+0.0850%	4h	38.410	−0.031%	$6.5M	$31.2M	25x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	38.425	+0.007%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0876%	4h	38.463	+0.105%	$717	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0929%	8h	38.412	−0.026%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1270%	8h	38.510	+0.229%	$2.6M	$8.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1389%	4h	38.661	+0.621%	$29K	$183K	10x	as long as short