Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Bybit+0.130%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.130% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MINIMAXUSDT	36.260	0	get 0.0000% / 8h	7h 31m	$923K	$891K	25x
Short	Aevo MINIMAX-PERP	36.307	0.0104	get 0.0013% / 1h	31m 51s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.130%Rate

Funding earned: $21.84
Price spread: +0.130% → 0.000%: $12.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: $7.82
Costs to cover: 0.270%
Break-even: 4.5 days

Slippage unknown: Bybit: live order book, 58 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 Bybit live order book, 58 min ago	5.47 bp	64.3 bp −$64	495.3 bp −$4,953	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 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 MINIMAXUSDTlong	0.0000%	8h	36.260	long leg	$923K	$891K	25x
Gate MINIMAX_USDT	0.0000%	8h	36.270	+0.028%	$1.3M	$2.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.250	−0.028%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.150	−0.303%	$52K	$253K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.267	+0.019%	$40K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.212	−0.132%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERPshort	+0.0104%	1h	36.307	+0.130%	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0277%	1h	36.251	−0.025%	$4.8M	$3.3M	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0289%	1h	36.310	+0.138%	$22K	$56K	5x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0358%	4h	36.320	+0.165%	$670	$118K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0442%	8h	36.319	+0.163%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0625%	8h	36.219	−0.113%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0628%	4h	36.260	0.000%	$95K	$99K	20x	as long as short
Extended MINIMAX-USD	+0.0736%	1h	36.221	−0.109%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0739%	4h	36.220	−0.110%	$6.3M	$29.7M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1281%	8h	36.250	−0.028%	$2.8M	$7.8M	20x	as long as short
edgeX MINIMAXUSDC	+0.1336%	4h	36.298	+0.104%	$27K	$183K	10x	as long as short