Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0792%/8h= −86.7% APRpaid last 24h −0.218%

Price spread now: Gate against Extended+0.154%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 Gate

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. Gate is 0.154% dearer against Extended than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	36.354	0.0792	pay 0.0099% / 1h	45m 11s	$3K	—	10x
Short	Gate MINIMAX_USDT	36.410	0	get 0.0000% / 8h	7h 45m	$1.3M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.154%Rate

Funding earned: −$166.32
Price spread: +0.154% → 0.000%: $15.45
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.87
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	5.49 bp	69.5 bp −$70	245.9 bp −$2,459	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 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
Bybit MINIMAXUSDT	0.0000%	8h	36.380	+0.072%	$925K	$896K	25x	as long as short
Gate MINIMAX_USDTshort	0.0000%	8h	36.410	+0.154%	$1.3M	$2.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	36.410	+0.154%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.386	+0.088%	$49K	$233K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.349	−0.013%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.358	+0.011%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.370	+0.044%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0322%	1h	36.320	−0.093%	$22K	$56K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0485%	1h	36.331	−0.063%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0495%	8h	36.370	+0.044%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.0572%	4h	36.336	−0.048%	$27K	$183K	10x	as long as short
Bitget MINIMAXUSDT	+0.0663%	8h	36.373	+0.053%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0684%	4h	36.346	−0.021%	$701	$119K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0730%	4h	36.360	+0.017%	$95K	$84K	20x	as long as short
Binance MINIMAXUSDT	+0.0792%	4h	36.363	+0.026%	$6.3M	$29.8M	25x	as long as short
Extended MINIMAX-USDlong	+0.0792%	1h	36.354	long leg	$3K	—	10x
OKX MINIMAX-USDT-SWAP	+0.1349%	8h	36.400	+0.127%	$2.8M	$7.9M	20x	as long as short