Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1329%/8h= +145.5% APRpaid last 24h —

Price spread now: OKX against Aevo+0.251%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 OKX

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 +$40 a day on $10k at the current rate, and OKX is 0.251% dearer against Aevo than usual: you sell high and buy low: +$25 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	36.668	0.0104	pay 0.0013% / 1h	46m 13s	—	—	10x
Short	OKX MINIMAX-USDT-SWAP	36.760	0.1433	get 0.1433% / 8h	1h 46m	$2.8M	$8.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $279.13
Price spread: +0.251% → 0.000%: $25.13
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: $278.25
Costs to cover: 0.260%
Break-even: 0.0 days

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.70 bp	17.8 bp −$18	24.3 bp −$243	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	36.980	+0.851%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.760	+0.251%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.663	−0.013%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.668	long leg	—	—	10x
Gate MINIMAX_USDT	+0.0235%	8h	36.750	+0.224%	$1.3M	$3.2M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0530%	1h	37.090	+1.151%	$23K	$52K	5x	as long as short
Bybit MINIMAXUSDT	+0.0540%	8h	36.660	−0.021%	$907K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0623%	8h	36.714	+0.127%	$33K	$46K	20x	as long as short
Lighter MINIMAX	+0.0688%	1h	36.627	−0.111%	$41K	$25K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0754%	4h	36.700	+0.088%	$97K	$36K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0776%	8h	36.611	−0.155%	$1.2M	$2.8M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0815%	1h	36.628	−0.109%	$4.5M	$3.3M	10x	as long as short
edgeX MINIMAXUSDC	+0.0899%	4h	37.045	+1.029%	$28K	$183K	10x	as long as short
Extended MINIMAX-USD	+0.0984%	1h	36.672	+0.010%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0988%	4h	36.637	−0.085%	$6.4M	$32.6M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1370%	4h	37.079	+1.121%	$803	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAPshort	+0.1433%	8h	36.760	+0.251%	$2.8M	$8.5M	20x