Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0591%/8h= −64.7% APRpaid last 24h —

Price spread now: Aevo against Bitget−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Aevo

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 −$18 a day on $10k at the current rate, and Aevo is 0.023% cheaper against Bitget than usual: you would sell low and buy high (−$2 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	Bitget MINIMAXUSDT	36.971	0.1031	pay 0.1031% / 8h	4h 50m	$1.2M	$2.8M	20x
Short	Aevo MINIMAX-PERP	36.963	0.0440	get 0.0055% / 1h	50m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.023%Rate

Funding earned: −$124.11
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$154.39
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; Aevo: 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 Bitget live order book, 5 min ago	1.22 bp	18.3 bp −$18	29.2 bp −$292	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 exchanges

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	+0.024%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.911	−0.162%	$50K	$265K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.959	−0.032%	$93K	$3K	10x	as long as short
Lighter MINIMAX	+0.0080%	1h	36.958	−0.035%	$41K	$11K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0081%	1h	36.928	−0.116%	$5.0M	$3.4M	10x	as long as short
Aster MINIMAXUSDT	+0.0194%	8h	36.976	+0.013%	$34K	$5K	20x	as long as short
Aevo MINIMAX-PERPshort	+0.0440%	1h	36.963	−0.023%	—	—	10x
Bybit MINIMAXUSDT	+0.0701%	8h	36.970	−0.003%	$953K	$901K	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0778%	4h	36.940	−0.084%	$112K	$268K	20x	as long as short
Gate MINIMAX_USDT	+0.0819%	8h	37.000	+0.078%	$1.3M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDTlong	+0.1031%	8h	36.971	long leg	$1.2M	$2.8M	20x
Ondo Perps MINIMAX-USD.P	+0.1178%	1h	36.860	−0.300%	$21K	$58K	5x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1442%	8h	37.000	+0.078%	$2.8M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1558%	4h	36.990	+0.051%	$536	$107K	10x	as long as short
Binance MINIMAXUSDT	+0.1613%	4h	36.938	−0.091%	$6.3M	$29.9M	25x	as long as short
Extended MINIMAX-USD	+0.1616%	1h	36.920	−0.139%	$3K	$920	10x	as long as short
edgeX MINIMAXUSDC	+0.1821%	4h	36.968	−0.007%	$28K	$182K	10x	as long as short