Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0226%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h —

Price spread now: Ondo Perps against Aevo−0.125%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 Ondo Perps

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 airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.125% cheaper against Aevo than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 44 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.365	0.0104	pay 0.0013% / 1h	43m 11s	—	—	10x
Short	Ondo Perps MINIMAX-USD.P	36.320	0.0330	get 0.0041% / 1h	43m 11s	$22K	$56K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.125%Rate

Funding earned: $47.54
Price spread: −0.125% → 0.000%: −$12.51
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $14.03
Costs to cover: 0.210%
Break-even: 4.9 days

Slippage unknown: Aevo: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Aevo and Ondo Perps: 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
Bybit MINIMAXUSDT	0.0000%	8h	36.360	−0.015%	$925K	$895K	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	36.410	+0.122%	$1.3M	$2.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.400	+0.095%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.383	+0.048%	$49K	$237K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.348	−0.048%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.347	−0.051%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.365	long leg	—	—	10x
Ondo Perps MINIMAX-USD.Pshort	+0.0330%	1h	36.320	−0.125%	$22K	$56K	5x
tradeXYZ xyz:MINIMAX	+0.0474%	1h	36.322	−0.120%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0486%	8h	36.370	+0.012%	$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	+0.0621%	4h	36.355	−0.030%	$27K	$184K	10x	as long as short
Bitget MINIMAXUSDT	+0.0660%	8h	36.361	−0.012%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0690%	4h	36.349	−0.045%	$701	$119K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0722%	4h	36.350	−0.043%	$96K	$87K	20x	as long as short
Binance MINIMAXUSDT	+0.0791%	4h	36.354	−0.033%	$6.3M	$29.8M	25x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.345	−0.057%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1343%	8h	36.390	+0.067%	$2.8M	$7.9M	20x	as long as short