Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.093%

Price spread now: Extended against Bybit−0.021%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MINIMAXUSDT	39.540	0	get 0.0000% / 8h	7h 31m	$936K	$1.4M	25x
Short	Extended MINIMAX-USD	39.532	0.0376	get 0.0047% / 1h	31m 06s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $78.96
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $60.86
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.78 bp	42.8 bp −$43	452.3 bp −$4,523	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
tradeXYZ xyz:MINIMAX	−0.0525%	1h	39.539	−0.003%	$4.6M	$3.0M	10x	as long as short
edgeX MINIMAXUSDC	−0.0010%	4h	39.588	+0.121%	$30K	$188K	10x	as long as short
Bybit MINIMAXUSDTlong	0.0000%	8h	39.540	long leg	$936K	$1.4M	25x
Gate MINIMAX_USDT	0.0000%	8h	39.550	+0.025%	$1.2M	$6.2M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	39.540	0.000%	$321	$133K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.570	+0.076%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.581	+0.104%	$37K	$69K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.551	+0.028%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.536	−0.010%	$99K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.530	−0.025%	$30K	$48K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0175%	8h	39.568	+0.072%	$35K	$152K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0176%	4h	39.590	+0.126%	$100K	$43K	20x	as long as short
Extended MINIMAX-USDshort	+0.0376%	1h	39.532	−0.021%	$3K	—	10x
Binance MINIMAXUSDT	+0.0379%	4h	39.540	0.000%	$6.5M	$35.5M	25x	as long as short
Aevo MINIMAX-PERP	+0.0544%	1h	39.535	−0.013%	—	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1006%	8h	39.550	+0.025%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1151%	8h	39.560	+0.051%	$1.7M	$9.5M	20x	as long as short