Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.109%

Price spread now: KuCoin against Extended+0.028%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 KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	38.030	0.0904	pay 0.0113% / 1h	12m 59s	$3K	—	10x
Short	KuCoin MINIMAXUSDTM	38.040	0.0544	get 0.0272% / 4h	12m 59s	$96K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$75.6
Price spread: +0.028% → 0.000%: $2.75
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.85
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; KuCoin: 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 KuCoin no order-book sample	—	—	—	—	—

Extended and KuCoin: 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	38.090	+0.159%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.050	+0.054%	$15	$2.4M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.061	+0.083%	$43K	$216K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.020	−0.025%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.040	+0.028%	$27K	$41K	5x	as long as short
Lighter MINIMAX	+0.0120%	1h	38.038	+0.022%	$43K	$25K	10x	as long as short
Aevo MINIMAX-PERP	+0.0160%	1h	38.038	+0.023%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0303%	8h	38.050	+0.054%	$928K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0384%	8h	38.069	+0.103%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTMshort	+0.0544%	4h	38.040	+0.028%	$96K	$39K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MINIMAX_USDT_Perp	+0.0830%	4h	38.076	+0.123%	$218	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0862%	8h	38.062	+0.085%	$1.3M	$2.6M	20x	as long as short
Extended MINIMAX-USDlong	+0.0904%	1h	38.030	long leg	$3K	—	10x
tradeXYZ xyz:MINIMAX	+0.0905%	1h	38.023	−0.017%	$4.4M	$3.0M	10x	as long as short
Binance MINIMAXUSDT	+0.0906%	4h	38.040	+0.028%	$6.4M	$31.2M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1409%	8h	38.060	+0.080%	$2.6M	$8.4M	20x	as long as short
edgeX MINIMAXUSDC	+0.1630%	4h	38.052	+0.058%	$29K	$184K	10x	as long as short