Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.1444%/8h= +158.1% APRpaid last 24h —

Price spread now: Binance against Aevo−0.068%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.068% cheaper against Aevo than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$43 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.815	0.0104	pay 0.0013% / 1h	59m 19s	—	—	10x
Short	Binance MINIMAXUSDT	36.790	0.1548	get 0.0774% / 4h	2h 59m	$6.3M	$29.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.068%Rate

Funding earned: $303.23
Price spread: −0.068% → 0.000%: −$6.79
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: $270.44
Costs to cover: 0.260%
Break-even: 0.8 days

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 12 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	4.09 bp	9.1 bp −$9	32.5 bp −$325	189.0 bp −$18.9K	doesn't fit

Aevo: 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
HTX MINIMAX-USDT	0.0000%	4h	36.826	+0.030%	$45K	$255K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.795	−0.054%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.815	long leg	—	—	10x
SunX MINIMAX-USDT	+0.0437%	4h	36.820	+0.014%	$15	$1.2M	10x	as long as short
Aster MINIMAXUSDT	+0.0623%	8h	36.539	−0.749%	$33K	$5K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0712%	4h	36.680	−0.367%	$110K	$134K	20x	as long as short
Gate MINIMAX_USDT	+0.0814%	8h	36.830	+0.041%	$1.3M	$2.9M	50x	as long as short
Bitget MINIMAXUSDT	+0.0978%	8h	36.795	−0.054%	$1.2M	$2.7M	20x	as long as short
Lighter MINIMAX	+0.1000%	1h	36.771	−0.119%	$41K	$23K	10x	as long as short
edgeX MINIMAXUSDC	+0.1369%	4h	36.771	−0.118%	$28K	$183K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MINIMAX-USDT-SWAP	+0.1446%	8h	36.830	+0.041%	$2.8M	$8.0M	20x	as long as short
Extended MINIMAX-USD	+0.1544%	1h	36.780	−0.096%	$3K	$920	10x	as long as short
Binance MINIMAXUSDTshort	+0.1548%	4h	36.790	−0.068%	$6.3M	$29.7M	25x
Bybit MINIMAXUSDT	+0.2907%	8h	36.780	−0.095%	$941K	$898K	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.3358%	4h	36.760	−0.149%	$309	$117K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.3601%	1h	36.738	−0.209%	$4.9M	$3.3M	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.5022%	1h	36.800	−0.041%	$22K	$57K	5x	as long as short