Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0594%/8h= −65.0% APRpaid last 24h −0.100%

Price spread now: Bitget against Extended+0.077%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 Bitget

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 airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.077% dearer against Extended than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	36.929	0.1616	pay 0.0202% / 1h	50m 37s	$3K	$920	10x
Short	Bitget MINIMAXUSDT	36.958	0.1022	get 0.1022% / 8h	4h 50m	$1.2M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$124.74
Price spread: +0.077% → 0.000%: $7.74
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$134
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.22 bp	18.2 bp −$18	45.8 bp −$458	doesn't fit	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 exchanges

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
SunX MINIMAX-USDT	0.0000%	4h	36.980	+0.137%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.911	−0.050%	$50K	$265K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.959	+0.080%	$93K	$3K	10x	as long as short
Lighter MINIMAX	+0.0072%	1h	36.937	+0.020%	$41K	$11K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0081%	1h	36.921	−0.023%	$5.0M	$3.4M	10x	as long as short
Aster MINIMAXUSDT	+0.0190%	8h	36.975	+0.124%	$34K	$5K	20x	as long as short
Aevo MINIMAX-PERP	+0.0440%	1h	36.963	+0.090%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0688%	8h	36.970	+0.110%	$953K	$901K	25x	as long as short
KuCoin MINIMAXUSDTM	+0.0764%	4h	36.940	+0.029%	$112K	$269K	20x	as long as short
Gate MINIMAX_USDT	+0.0823%	8h	36.980	+0.137%	$1.3M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDTshort	+0.1022%	8h	36.958	+0.077%	$1.2M	$2.8M	20x
Ondo Perps MINIMAX-USD.P	+0.1144%	1h	36.860	−0.188%	$21K	$58K	5x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1442%	8h	36.990	+0.164%	$2.8M	$8.2M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1558%	4h	36.990	+0.164%	$536	$107K	10x	as long as short
Binance MINIMAXUSDT	+0.1580%	4h	36.942	+0.034%	$6.3M	$29.9M	25x	as long as short
Extended MINIMAX-USDlong	+0.1616%	1h	36.929	long leg	$3K	$920	10x
edgeX MINIMAXUSDC	+0.1821%	4h	36.968	+0.106%	$28K	$182K	10x	as long as short