Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0554%/8h= +60.6% APRpaid last 24h —

Price spread now: Aevo against edgeX−0.133%7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.133% cheaper against edgeX than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MINIMAXUSDC	39.588	−0.0010	get 0.0005% / 4h	3h 30m	$30K	$188K	10x
Short	Aevo MINIMAX-PERP	39.535	0.0544	get 0.0068% / 1h	30m 50s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpFee AevobpOrdersPrice spread, now −0.133%Rate

Funding earned: $116.28
Price spread: −0.133% → 0.000%: −$13.32
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: $77.96
Costs to cover: 0.250%
Break-even: 2.3 days

Slippage unknown: edgeX: live order book, 41 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 edgeX live order book, 41 min ago	13.85 bp	98.3 bp −$98	doesn't fit	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
tradeXYZ xyz:MINIMAX	−0.0525%	1h	39.539	−0.123%	$4.6M	$3.0M	10x	as long as short
edgeX MINIMAXUSDClong	−0.0010%	4h	39.588	long leg	$30K	$188K	10x
Bybit MINIMAXUSDT	0.0000%	8h	39.530	−0.146%	$936K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.550	−0.095%	$1.2M	$6.2M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	39.540	−0.120%	$321	$133K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.570	−0.045%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.581	−0.017%	$37K	$69K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.551	−0.093%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.536	−0.131%	$99K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.530	−0.146%	$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	−0.050%	$35K	$152K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0176%	4h	39.590	+0.006%	$100K	$43K	20x	as long as short
Extended MINIMAX-USD	+0.0376%	1h	39.532	−0.141%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0379%	4h	39.540	−0.120%	$6.5M	$35.5M	25x	as long as short
Aevo MINIMAX-PERPshort	+0.0544%	1h	39.535	−0.133%	—	—	10x
Bitget MINIMAXUSDT	+0.1006%	8h	39.550	−0.095%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1151%	8h	39.560	−0.070%	$1.7M	$9.5M	20x	as long as short