Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h —

Price spread now: GRVT against Aevo−0.065%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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.065% cheaper against Aevo than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.370	0.0104	pay 0.0013% / 1h	44m 30s	—	—	10x
Short	GRVT MINIMAX_USDT_Perp	36.346	0.0684	get 0.0342% / 4h	3h 44m	$701	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.065%Rate

Funding earned: $121.8
Price spread: −0.065% → 0.000%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $90.3
Costs to cover: 0.250%
Break-even: 1.8 days

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 48 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 GRVT live order book, 48 min ago	5.47 bp	42.4 bp −$42	131.6 bp −$1,316	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	36.410	+0.110%	$1.3M	$2.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.410	+0.110%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.386	+0.044%	$49K	$233K	20x	as long as short
Bybit MINIMAXUSDT	+0.0020%	8h	36.380	+0.028%	$925K	$896K	25x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.351	−0.052%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.358	−0.033%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.370	long leg	—	—	10x
Ondo Perps MINIMAX-USD.P	+0.0339%	1h	36.320	−0.137%	$22K	$56K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0485%	1h	36.332	−0.104%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0490%	8h	36.370	0.000%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.0572%	4h	36.336	−0.092%	$27K	$183K	10x	as long as short
Bitget MINIMAXUSDT	+0.0662%	8h	36.376	+0.017%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perpshort	+0.0684%	4h	36.346	−0.065%	$701	$119K	10x
KuCoin MINIMAXUSDTM	+0.0728%	4h	36.370	0.000%	$95K	$84K	20x	as long as short
Binance MINIMAXUSDT	+0.0791%	4h	36.364	−0.015%	$6.3M	$29.7M	25x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.355	−0.041%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1349%	8h	36.400	+0.083%	$2.8M	$7.9M	20x	as long as short