Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.113%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 Bybit

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 +$7 a day on $10k at the current rate, and Bybit is 0.113% dearer against Aevo than usual: you sell high and buy low: +$11 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	36.918	0.0432	pay 0.0054% / 1h	48m 18s	—	—	10x
Short	Bybit MINIMAXUSDT	36.960	0.0663	get 0.0663% / 8h	4h 48m	$953K	$902K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.113%Rate

Funding earned: $48.57
Price spread: +0.113% → 0.000%: $11.32
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $32.89
Costs to cover: 0.270%
Break-even: 2.3 days

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 55 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 Bybit live order book, 55 min ago	4.05 bp	72.2 bp −$72	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 exchanges

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	36.930	+0.032%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.921	+0.008%	$50K	$265K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.920	+0.005%	$41K	$11K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	36.902	−0.044%	$5.0M	$3.4M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.909	−0.025%	$93K	$3K	10x	as long as short
Aster MINIMAXUSDT	+0.0182%	8h	36.970	+0.140%	$34K	$5K	20x	as long as short
Aevo MINIMAX-PERPlong	+0.0432%	1h	36.918	long leg	—	—	10x
Bybit MINIMAXUSDTshort	+0.0663%	8h	36.960	+0.113%	$953K	$902K	25x
KuCoin MINIMAXUSDTM	+0.0732%	4h	36.910	−0.022%	$112K	$271K	20x	as long as short
Gate MINIMAX_USDT	+0.0832%	8h	36.950	+0.086%	$1.3M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MINIMAX-USD.P	+0.0978%	1h	36.860	−0.158%	$21K	$58K	5x	as long as short
Bitget MINIMAXUSDT	+0.0999%	8h	36.926	+0.021%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1418%	8h	36.940	+0.059%	$2.7M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1444%	4h	36.952	+0.092%	$247	$107K	10x	as long as short
Binance MINIMAXUSDT	+0.1544%	4h	36.900	−0.049%	$6.3M	$29.9M	25x	as long as short
Extended MINIMAX-USD	+0.1544%	1h	36.887	−0.083%	$3K	$920	10x	as long as short
edgeX MINIMAXUSDC	+0.1975%	4h	36.924	+0.015%	$28K	$182K	10x	as long as short