Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1029%/8h= −112.7% APRpaid last 24h +0.041%

Price spread now: Extended against edgeX+0.091%7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Extended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.091% dearer against edgeX than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MINIMAXUSDC	37.768	0.1709	pay 0.0854% / 4h	3h 49m	$28K	$183K	10x
Short	Extended MINIMAX-USD	37.803	0.0680	get 0.0085% / 1h	49m 02s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$216.08
Price spread: +0.091% → 0.000%: $9.08
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$221
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 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 edgeX live order book, 3 min ago	13.24 bp	98.6 bp −$99	doesn't fit	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
Gate MINIMAX_USDT	0.0000%	8h	37.860	+0.243%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	+0.056%	$456	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.870	+0.269%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.802	+0.089%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.787	+0.049%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.789	+0.055%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	+0.031%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.783	+0.038%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0163%	1h	37.776	+0.020%	$4.4M	$2.9M	10x	as long as short
Bybit MINIMAXUSDT	+0.0167%	8h	37.830	+0.163%	$925K	$1.1M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0283%	8h	37.790	+0.058%	$33K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0414%	4h	37.810	+0.110%	$100K	$39K	20x	as long as short
Extended MINIMAX-USDshort	+0.0680%	1h	37.803	+0.091%	$3K	—	10x
Binance MINIMAXUSDT	+0.0683%	4h	37.824	+0.147%	$6.3M	$30.8M	25x	as long as short
Bitget MINIMAXUSDT	+0.0705%	8h	37.824	+0.147%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1297%	8h	37.840	+0.190%	$2.6M	$8.2M	20x	as long as short
edgeX MINIMAXUSDClong	+0.1709%	4h	37.768	long leg	$28K	$183K	10x