Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.062%

Price spread now: Binance against Extended+0.018%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Binance

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	39.833	0.1688	pay 0.0211% / 1h	26m 08s	$3K	—	10x
Short	Binance MINIMAXUSDT	39.840	0.1688	get 0.0844% / 4h	26m 08s	$6.4M	$35.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.02
Price spread: +0.018% → 0.000%: $1.78
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.2
Costs to cover: 0.150%
Break-even: 4408.2 days

Slippage unknown: Extended: no order-book sample; Binance: live order book, 16 min ago. 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 Binance live order book, 16 min ago	1.26 bp	11.5 bp −$11	36.4 bp −$364	256.8 bp −$25.7K	doesn't fit

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	39.870	+0.093%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.880	+0.118%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.796	−0.093%	$38K	$71K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.829	−0.010%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.800	−0.083%	$100K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0251%	8h	39.671	−0.406%	$34K	$152K	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0530%	1h	39.805	−0.070%	$4.6M	$2.9M	10x	as long as short
Bybit MINIMAXUSDT	+0.0760%	8h	39.840	+0.018%	$942K	$1.4M	25x	as long as short
Aevo MINIMAX-PERP	+0.0768%	1h	39.822	−0.028%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0908%	4h	39.760	−0.182%	$30K	$186K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MINIMAX-USD.P	+0.1002%	1h	39.750	−0.208%	$30K	$48K	5x	as long as short
KuCoin MINIMAXUSDTM	+0.1172%	4h	39.720	−0.284%	$100K	$44K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1394%	4h	39.710	−0.309%	$458	$137K	10x	as long as short
Bitget MINIMAXUSDT	+0.1443%	8h	39.822	−0.027%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1484%	8h	39.870	+0.093%	$1.7M	$9.7M	20x	as long as short
Extended MINIMAX-USDlong	+0.1688%	1h	39.833	long leg	$3K	—	10x
Binance MINIMAXUSDTshort	+0.1688%	4h	39.840	+0.018%	$6.4M	$35.4M	25x