Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0680%/8h= +74.5% APRpaid last 24h —

Price spread now: KuCoin against Aevo+0.073%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 KuCoin

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 +$20 a day on $10k at the current rate, and KuCoin is 0.073% dearer against Aevo than usual: you sell high and buy low: +$7 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	36.693	0.0104	pay 0.0013% / 1h	38m 50s	—	—	10x
Short	KuCoin MINIMAXUSDTM	36.720	0.0784	get 0.0392% / 4h	1h 38m	$96K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $142.8
Price spread: +0.073% → 0.000%: $7.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $122.15
Costs to cover: 0.280%
Break-even: 1.0 days

Slippage unknown: Aevo: no order-book sample; KuCoin: no order-book sample. 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 KuCoin no order-book sample	—	—	—	—	—

Aevo and KuCoin: 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	36.740	+0.128%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.679	−0.038%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.685	−0.022%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.693	long leg	—	—	10x
Gate MINIMAX_USDT	+0.0253%	8h	36.760	+0.182%	$1.3M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0388%	1h	36.810	+0.319%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0472%	1h	36.745	+0.142%	$41K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0548%	8h	36.680	−0.036%	$912K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0634%	8h	36.795	+0.278%	$33K	$46K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0668%	1h	36.675	−0.049%	$4.5M	$3.3M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0783%	8h	36.725	+0.087%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTMshort	+0.0784%	4h	36.720	+0.073%	$96K	$37K	20x
Binance MINIMAXUSDT	+0.1004%	4h	36.709	+0.043%	$6.3M	$32.5M	25x	as long as short
Extended MINIMAX-USD	+0.1008%	1h	36.683	−0.028%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.1132%	4h	36.692	−0.003%	$28K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1306%	4h	36.701	+0.021%	$373	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1446%	8h	36.750	+0.155%	$2.8M	$8.5M	20x	as long as short