Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0607%/8h= +66.5% APRpaid last 24h —

Price spread now: Bitget against Aevo+0.141%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bitget is 0.141% dearer against Aevo than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.419	0.0104	pay 0.0013% / 1h	39m 39s	—	—	10x
Short	Bitget MINIMAXUSDT	36.470	0.0711	get 0.0711% / 8h	39m 39s	$1.2M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.141%Rate

Funding earned: $127.47
Price spread: +0.141% → 0.000%: $14.11
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: $113.58
Costs to cover: 0.280%
Break-even: 0.8 days

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	6.31 bp	32.0 bp −$32	doesn't fit	doesn't fit	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
SunX MINIMAX-USDT	0.0000%	4h	36.470	+0.141%	$15	$1.4M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.368	−0.139%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.447	+0.078%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.408	−0.029%	$91K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.530	+0.306%	$23K	$52K	5x	as long as short
edgeX MINIMAXUSDC	+0.0070%	4h	36.384	−0.094%	$27K	$183K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.419	long leg	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0281%	1h	36.406	−0.035%	$4.7M	$3.2M	10x	as long as short
Gate MINIMAX_USDT	+0.0350%	8h	36.510	+0.251%	$1.3M	$2.9M	50x	as long as short
Bybit MINIMAXUSDT	+0.0396%	8h	36.440	+0.059%	$919K	$1.0M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0586%	8h	36.387	−0.085%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDTshort	+0.0711%	8h	36.470	+0.141%	$1.2M	$2.8M	20x
KuCoin MINIMAXUSDTM	+0.0738%	4h	36.390	−0.079%	$95K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0772%	4h	36.399	−0.053%	$121	$123K	10x	as long as short
Binance MINIMAXUSDT	+0.0846%	4h	36.450	+0.088%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.433	+0.040%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1396%	8h	36.470	+0.141%	$2.8M	$8.2M	20x	as long as short