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= −42.0% APRpaid last 24h −0.208%

Price spread now: SunX against tradeXYZ+0.200%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1761.762% of the position

Long on tradeXYZ Short on SunX

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)+0.497%+$50 · spread now +0.200%, 7d avg +0.100%

Together, before fees+0.085%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.100% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of +0.100%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	38.413	0.0383	pay 0.0048% / 1h	59m 56s	$4.5M	$2.9M	10x
Short	SunX MINIMAX-USDT	38.490	0	get 0.0000% / 4h	59m 56s	$15	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$80.51
Price spread: +0.200% → +0.100%: $10.03
Slippage, 4 orders: −$150.24
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$246.71
Costs to cover: 1.762%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; SunX: live order book, 7 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 SunX live order book, 7 min ago	33.45 bp	88.1 bp −$88	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	38.420	+0.018%	$1.4M	$4.1M	50x	as long as short
SunX MINIMAX-USDTshort	0.0000%	4h	38.490	+0.200%	$15	$2.5M	10x
HTX MINIMAX-USDT	0.0000%	4h	38.441	+0.073%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.417	+0.010%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.401	−0.031%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	−0.346%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0224%	1h	38.424	+0.030%	—	—	10x	as long as short
Aster MINIMAXUSDT	+0.0331%	8h	38.403	−0.026%	$34K	$150K	20x	as long as short
Bybit MINIMAXUSDT	+0.0376%	8h	38.390	−0.060%	$944K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0383%	1h	38.413	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	38.370	−0.112%	$97K	$36K	20x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	38.369	−0.114%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0850%	4h	38.361	−0.135%	$6.5M	$31.2M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0876%	4h	38.463	+0.129%	$717	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0929%	8h	38.333	−0.208%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1270%	8h	38.410	−0.008%	$2.6M	$8.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1389%	4h	38.661	+0.645%	$29K	$183K	10x	as long as short