Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.058%

Price spread now: KuCoin against Bitget−0.028%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MINIMAXUSDT	36.360	0.0660	pay 0.0660% / 8h	7h 43m	$1.2M	$2.7M	20x
Short	KuCoin MINIMAXUSDTM	36.350	0.0722	get 0.0361% / 4h	3h 43m	$95K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.028%Rate

Funding earned: $13.02
Price spread: −0.028% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.73
Costs to cover: 0.240%
Break-even: 14.4 days

Slippage unknown: Bitget: live order book, 4 min ago; KuCoin: 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	2.61 bp	26.8 bp −$27	28.7 bp −$287	79.5 bp −$7,950	doesn't fit
Sell KuCoin no order-book sample	—	—	—	—	—

KuCoin: 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	0.000%	$925K	$896K	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	36.410	+0.138%	$1.3M	$2.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.400	+0.110%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.383	+0.063%	$49K	$237K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.348	−0.033%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.347	−0.036%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.365	+0.015%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0330%	1h	36.320	−0.110%	$22K	$56K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0477%	1h	36.322	−0.105%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0486%	8h	36.370	+0.028%	$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	−0.014%	$27K	$184K	10x	as long as short
Bitget MINIMAXUSDTlong	+0.0660%	8h	36.360	long leg	$1.2M	$2.7M	20x
GRVT MINIMAX_USDT_Perp	+0.0690%	4h	36.349	−0.030%	$701	$119K	10x	as long as short
KuCoin MINIMAXUSDTMshort	+0.0722%	4h	36.350	−0.028%	$95K	$87K	20x
Binance MINIMAXUSDT	+0.0791%	4h	36.353	−0.018%	$6.3M	$29.8M	25x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.345	−0.042%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1345%	8h	36.390	+0.083%	$2.8M	$7.9M	20x	as long as short