Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: Aevo against Extended−0.006%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	39.960	0.0544	pay 0.0068% / 1h	45m 41s	$3K	—	10x
Short	Aevo MINIMAX-PERP	39.957	0.0440	get 0.0055% / 1h	45m 41s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now −0.006%Rate

Funding earned: −$21.84
Price spread: −0.006% → 0.000%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$43.43
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; 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 Extended no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Extended and 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
Gate MINIMAX_USDT	0.0000%	8h	39.980	+0.051%	$1.2M	$4.4M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	40.010	+0.126%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	40.013	+0.134%	$38K	$70K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.963	+0.008%	$100K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0148%	8h	39.808	−0.378%	$35K	$152K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0204%	4h	40.030	+0.176%	$100K	$44K	20x	as long as short
Aevo MINIMAX-PERPshort	+0.0440%	1h	39.957	−0.006%	—	—	10x
Extended MINIMAX-USDlong	+0.0544%	1h	39.960	long leg	$3K	—	10x
Binance MINIMAXUSDT	+0.0571%	4h	39.970	+0.026%	$6.8M	$35.8M	25x	as long as short
edgeX MINIMAXUSDC	+0.0599%	4h	40.060	+0.252%	$30K	$188K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0974%	8h	39.990	+0.076%	$955K	$1.4M	25x	as long as short
Bitget MINIMAXUSDT	+0.1090%	8h	39.940	−0.049%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1134%	8h	40.040	+0.201%	$1.8M	$9.8M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1364%	4h	40.150	+0.476%	$96	$128K	10x	as long as short
Lighter MINIMAX	+0.1800%	1h	39.971	+0.029%	$46K	$23K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.2860%	1h	39.961	+0.003%	$4.7M	$3.1M	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.2994%	1h	40.010	+0.126%	$31K	$51K	5x	as long as short