Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h −0.057%

Price spread now: OKX against Extended+0.191%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 OKX

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and OKX is 0.191% dearer against Extended than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	36.450	0.0840	pay 0.0105% / 1h	50m 50s	$3K	—	10x
Short	OKX MINIMAX-USDT-SWAP	36.520	0.1399	get 0.1399% / 8h	50m 50s	$2.8M	$8.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.191%Rate

Funding earned: $117.43
Price spread: +0.191% → 0.000%: $19.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $121.57
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.74 bp	22.0 bp −$22	163.5 bp −$1,635	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
SunX MINIMAX-USDT	0.0000%	4h	36.540	+0.246%	$15	$1.7M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.434	−0.045%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0040%	1h	36.463	+0.035%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.461	+0.030%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.710	+0.713%	$23K	$51K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0104%	1h	36.450	−0.001%	$4.7M	$3.2M	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.457	+0.017%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0324%	8h	36.510	+0.164%	$1.3M	$2.8M	50x	as long as short
Bybit MINIMAXUSDT	+0.0398%	8h	36.430	−0.056%	$914K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0578%	8h	36.541	+0.250%	$33K	$46K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0702%	4h	36.460	+0.027%	$95K	$36K	20x	as long as short
Bitget MINIMAXUSDT	+0.0710%	8h	36.490	+0.109%	$1.2M	$2.8M	20x	as long as short
edgeX MINIMAXUSDC	+0.0751%	4h	36.678	+0.624%	$28K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0820%	4h	36.829	+1.039%	$271	$126K	10x	as long as short
Binance MINIMAXUSDT	+0.0840%	4h	36.480	+0.080%	$6.3M	$32.0M	25x	as long as short
Extended MINIMAX-USDlong	+0.0840%	1h	36.450	long leg	$3K	—	10x
OKX MINIMAX-USDT-SWAPshort	+0.1399%	8h	36.520	+0.191%	$2.8M	$8.4M	20x