Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: SunX against Aevo+0.138%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 SunX

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. SunX is 0.138% dearer against Aevo than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	37.069	0.0104	pay 0.0013% / 1h	49m 47s	—	—	10x
Short	SunX MINIMAX-USDT	37.120	0	get 0.0000% / 4h	1h 49m	$15	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$21.84
Price spread: +0.138% → 0.000%: $13.83
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	32.34 bp	88.9 bp −$89	doesn't fit	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-USDTshort	0.0000%	4h	37.120	+0.138%	$15	$2.0M	10x
HTX MINIMAX-USDT	0.0000%	4h	37.087	+0.049%	$48K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.056	−0.034%	$93K	$3K	10x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	37.069	long leg	—	—	10x
Gate MINIMAX_USDT	+0.0220%	8h	37.130	+0.165%	$1.4M	$3.2M	50x	as long as short
Bybit MINIMAXUSDT	+0.0533%	8h	37.060	−0.024%	$920K	$1.1M	25x	as long as short
edgeX MINIMAXUSDC	+0.0589%	4h	37.026	−0.116%	$28K	$183K	10x	as long as short
Aster MINIMAXUSDT	+0.0606%	8h	37.092	+0.063%	$33K	$46K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0642%	1h	36.970	−0.266%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0696%	1h	37.067	−0.005%	$41K	$25K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0716%	4h	37.060	−0.024%	$98K	$36K	20x	as long as short
Bitget MINIMAXUSDT	+0.0760%	8h	37.067	−0.005%	$1.2M	$2.8M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0883%	1h	37.014	−0.148%	$4.5M	$3.3M	10x	as long as short
Extended MINIMAX-USD	+0.0944%	1h	37.039	−0.080%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0956%	4h	37.058	−0.029%	$6.4M	$32.5M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1362%	4h	37.051	−0.048%	$802	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1430%	8h	37.100	+0.084%	$2.8M	$8.5M	20x	as long as short