Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1605%/8h= +175.7% APRpaid last 24h —

Price spread now: edgeX against Aevo−0.066%72s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.066% cheaper against Aevo than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$48 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	37.794	0.0104	pay 0.0013% / 1h	48m 12s	—	—	10x
Short	edgeX MINIMAXUSDC	37.768	0.1709	get 0.0854% / 4h	3h 48m	$28K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $337.04
Price spread: −0.066% → 0.000%: −$6.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $305.4
Costs to cover: 0.250%
Break-even: 0.7 days

Slippage unknown: Aevo: no order-book sample; edgeX: 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 edgeX live order book, 3 min ago	13.24 bp	97.1 bp −$97	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
Gate MINIMAX_USDT	0.0000%	8h	37.880	+0.229%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.010%	$456	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.900	+0.282%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.802	+0.022%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.796	+0.007%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.810	+0.044%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.036%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	37.794	long leg	—	—	10x
Bybit MINIMAXUSDT	+0.0166%	8h	37.860	+0.176%	$925K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0212%	1h	37.798	+0.012%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0283%	8h	37.799	+0.014%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0412%	4h	37.820	+0.070%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0671%	4h	37.840	+0.123%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.840	+0.122%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0699%	8h	37.846	+0.139%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1293%	8h	37.870	+0.202%	$2.6M	$8.3M	20x	as long as short
edgeX MINIMAXUSDCshort	+0.1709%	4h	37.768	−0.066%	$28K	$183K	10x