Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: SoDEX against Aevo−0.043%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 SoDEX

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.043% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.565	0.0104	pay 0.0013% / 1h	23m 31s	—	—	10x
Short	SoDEX MINIMAX-USD	36.549	0.0050	get 0.0006% / 1h	23m 31s	$92K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$11.34
Price spread: −0.043% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$39.59
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Aevo and SoDEX: 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	36.580	+0.042%	$15	$1.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.564	−0.002%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	36.549	−0.043%	$92K	$3K	10x
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.565	long leg	—	—	10x
Ondo Perps MINIMAX-USD.P	+0.0177%	1h	36.540	−0.067%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0248%	1h	36.668	+0.283%	$41K	$25K	10x	as long as short
Gate MINIMAX_USDT	+0.0275%	8h	36.740	+0.480%	$1.3M	$3.4M	50x	as long as short
tradeXYZ xyz:MINIMAX	+0.0435%	1h	36.629	+0.176%	$4.5M	$3.3M	10x	as long as short
Bybit MINIMAXUSDT	+0.0481%	8h	36.600	+0.097%	$914K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0610%	8h	36.660	+0.261%	$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
Bitget MINIMAXUSDT	+0.0757%	8h	36.675	+0.302%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0774%	4h	36.630	+0.179%	$96K	$37K	20x	as long as short
Binance MINIMAXUSDT	+0.0935%	4h	36.610	+0.125%	$6.3M	$32.5M	25x	as long as short
Extended MINIMAX-USD	+0.0936%	1h	36.670	+0.287%	$3K	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0965%	4h	36.542	−0.062%	$27K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1098%	4h	36.555	−0.027%	$398	$125K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1413%	8h	36.620	+0.152%	$2.8M	$8.5M	20x	as long as short