Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0448%/8h= +49.1% APRpaid last 24h −0.034%

Price spread now: OKX against tradeXYZ+0.256%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days−0.151%−$15 · spread now +0.256%, 7d avg +0.087%

Together, before fees−0.305%+ Points / potential airdroptradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and OKX is 0.169% dearer against tradeXYZ than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, 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 -0.154% in total (about -8.1% 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	38.322	0.0821	pay 0.0103% / 1h	59m 32s	$4.5M	$2.9M	10x
Short	OKX MINIMAX-USDT-SWAP	38.420	0.1270	get 0.1270% / 8h	4h 59m	$2.6M	$8.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.256%Rate

Funding earned: $94.11
Price spread: +0.256% → +0.087%: $16.91
Slippage, 4 orders: −$41.95
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: $41.07
Costs to cover: 0.699%
Break-even: 3.9 days

Slippage from tradeXYZ: live order book, 9 min ago; OKX: live order book, 4 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, 9 min ago	2.84 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.90 bp	22.1 bp −$22	91.6 bp −$916	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	38.370	+0.125%	$1.4M	$3.7M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.490	+0.438%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.441	+0.311%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.313	−0.023%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.401	+0.206%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	−0.110%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0224%	1h	38.424	+0.267%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0329%	8h	38.346	+0.064%	$34K	$150K	20x	as long as short
Bybit MINIMAXUSDT	+0.0366%	8h	38.350	+0.073%	$943K	$1.1M	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0390%	4h	38.360	+0.099%	$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
tradeXYZ xyz:MINIMAXlong	+0.0821%	1h	38.322	long leg	$4.5M	$2.9M	10x
Binance MINIMAXUSDT	+0.0845%	4h	38.315	−0.019%	$6.5M	$31.2M	25x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	38.314	−0.021%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0860%	4h	38.440	+0.308%	$712	$125K	10x	as long as short
Bitget MINIMAXUSDT	+0.0925%	8h	38.312	−0.026%	$1.3M	$2.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1033%	4h	38.413	+0.238%	$29K	$184K	10x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1270%	8h	38.420	+0.256%	$2.6M	$8.6M	20x