Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: HTX against Aevo+0.127%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 HTX

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

The price spread pays, funding is against you. HTX is 0.127% dearer against Aevo than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.432	0.0104	pay 0.0013% / 1h	49m 05s	—	—	10x
Short	HTX MINIMAX-USDT	36.478	0	get 0.0000% / 4h	49m 05s	$49K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$21.84
Price spread: +0.127% → 0.000%: $12.72
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.12
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 25 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 HTX live order book, 25 min ago	5.47 bp	13.8 bp −$14	42.2 bp −$422	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	36.480	+0.133%	$15	$1.6M	10x	as long as short
HTX MINIMAX-USDTshort	0.0000%	4h	36.478	+0.127%	$49K	$232K	20x
Lighter MINIMAX	+0.0032%	1h	36.431	−0.002%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.432	+0.001%	$91K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.480	+0.133%	$23K	$51K	5x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.432	long leg	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0149%	1h	36.398	−0.092%	$4.7M	$3.2M	10x	as long as short
Gate MINIMAX_USDT	+0.0330%	8h	36.480	+0.133%	$1.3M	$2.8M	50x	as long as short
Bybit MINIMAXUSDT	+0.0400%	8h	36.450	+0.050%	$916K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0585%	8h	36.527	+0.262%	$33K	$46K	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	+0.0619%	4h	36.478	+0.127%	$27K	$183K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0708%	4h	36.440	+0.023%	$95K	$36K	20x	as long as short
Bitget MINIMAXUSDT	+0.0708%	8h	36.441	+0.026%	$1.2M	$2.8M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0796%	4h	36.499	+0.186%	$849	$125K	10x	as long as short
Binance MINIMAXUSDT	+0.0847%	4h	36.431	−0.002%	$6.3M	$31.7M	25x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	36.421	−0.029%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1399%	8h	36.500	+0.188%	$2.8M	$8.4M	20x	as long as short