Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h +0.035%

Price spread now: Extended against Bitget−0.045%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 Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	36.717	0.0908	pay 0.0908% / 8h	7h 03m	$1.2M	$2.7M	20x
Short	Extended MINIMAX-USD	36.700	0.1376	get 0.0172% / 1h	3m 06s	$3K	$920	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.045%Rate

Funding earned: $98.28
Price spread: −0.045% → 0.000%: −$4.51
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $76.77
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: Bitget: live order book, 4 min ago; Extended: 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, 4 min ago	4.22 bp	23.3 bp −$23	32.1 bp −$321	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
HTX MINIMAX-USDT	0.0000%	4h	36.725	+0.022%	$45K	$255K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.702	−0.041%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.728	+0.031%	—	—	10x	as long as short
SunX MINIMAX-USDT	+0.0273%	4h	36.740	+0.063%	$15	$1.2M	10x	as long as short
Aster MINIMAXUSDT	+0.0573%	8h	36.499	−0.593%	$33K	$5K	20x	as long as short
Gate MINIMAX_USDT	+0.0646%	8h	36.760	+0.117%	$1.3M	$2.9M	50x	as long as short
KuCoin MINIMAXUSDTM	+0.0672%	4h	36.640	−0.210%	$101K	$129K	20x	as long as short
Lighter MINIMAX	+0.0840%	1h	36.706	−0.030%	$41K	$23K	10x	as long as short
edgeX MINIMAXUSDC	+0.0901%	4h	36.713	−0.012%	$28K	$183K	10x	as long as short
Bitget MINIMAXUSDTlong	+0.0908%	8h	36.717	long leg	$1.2M	$2.7M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.1220%	1h	36.702	−0.041%	$4.9M	$3.3M	10x	as long as short
Extended MINIMAX-USDshort	+0.1376%	1h	36.700	−0.045%	$3K	$920	10x
Ondo Perps MINIMAX-USD.P	+0.1378%	1h	36.700	−0.046%	$22K	$56K	5x	as long as short
Binance MINIMAXUSDT	+0.1379%	4h	36.721	+0.012%	$6.3M	$29.7M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1402%	8h	36.770	+0.144%	$2.8M	$8.0M	20x	as long as short
Bybit MINIMAXUSDT	+0.2599%	8h	36.700	−0.046%	$936K	$895K	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.3146%	4h	36.712	−0.014%	$355	$117K	10x	as long as short