MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0175%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h −0.193%

Price spread now: SoDEX against tradeXYZ+0.193%7-day average −0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.244%−$24 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.193%, 7d avg −0.003%

Together, before fees−0.317%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.196% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of −0.003%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	38.327	0.0225	pay 0.0028% / 1h	59m 41s	$4.5M	$2.9M	10x
Short	SoDEX MINIMAX-USD	38.401	0.0050	get 0.0006% / 1h	59m 41s	$96K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SoDEXbpOrdersPrice spread, now +0.193%Rate

Funding earned: −$36.7
Price spread: +0.193% → −0.003%: $19.61
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$43.08
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; SoDEX: no order-book sample. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.112%	$1.4M	$3.7M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.490	+0.425%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.441	+0.297%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.313	−0.037%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	38.401	+0.193%	$96K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	−0.123%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0224%	1h	38.424	+0.254%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0225%	1h	38.327	long leg	$4.5M	$2.9M	10x
Aster MINIMAXUSDT	+0.0329%	8h	38.376	+0.127%	$34K	$150K	20x	as long as short
Bybit MINIMAXUSDT	+0.0366%	8h	38.350	+0.060%	$943K	$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	+0.0390%	4h	38.360	+0.086%	$97K	$36K	20x	as long as short
Binance MINIMAXUSDT	+0.0845%	4h	38.336	+0.023%	$6.5M	$31.2M	25x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	38.314	−0.034%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0876%	4h	38.463	+0.354%	$717	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0925%	8h	38.292	−0.091%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1270%	8h	38.420	+0.243%	$2.6M	$8.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1389%	4h	38.661	+0.871%	$29K	$183K	10x	as long as short