Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Gate−0.118%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.118% cheaper against Gate than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	36.410	0	get 0.0000% / 8h	7h 45m	$1.3M	$2.9M	50x
Short	Aevo MINIMAX-PERP	36.367	0.0104	get 0.0013% / 1h	45m 37s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.118%Rate

Funding earned: $21.84
Price spread: −0.118% → 0.000%: −$11.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.98
Costs to cover: 0.310%
Break-even: 13.7 days

Slippage unknown: Gate: live order book, 2 min ago; Aevo: 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 Gate live order book, 2 min ago	5.49 bp	50.8 bp −$51	223.3 bp −$2,233	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.082%	$925K	$896K	25x	as long as short
Gate MINIMAX_USDTlong	0.0000%	8h	36.410	long leg	$1.3M	$2.9M	50x
SunX MINIMAX-USDT	0.0000%	4h	36.400	−0.027%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.386	−0.066%	$49K	$233K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.348	−0.170%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.355	−0.151%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERPshort	+0.0104%	1h	36.367	−0.118%	—	—	10x
Ondo Perps MINIMAX-USD.P	+0.0322%	1h	36.320	−0.247%	$22K	$56K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0485%	1h	36.330	−0.220%	$4.8M	$3.3M	10x	as long as short
Aster MINIMAXUSDT	+0.0495%	8h	36.370	−0.110%	$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	−0.202%	$27K	$183K	10x	as long as short
Bitget MINIMAXUSDT	+0.0663%	8h	36.364	−0.126%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0684%	4h	36.346	−0.175%	$701	$119K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0730%	4h	36.370	−0.110%	$95K	$83K	20x	as long as short
Binance MINIMAXUSDT	+0.0792%	4h	36.360	−0.137%	$6.3M	$29.8M	25x	as long as short
Extended MINIMAX-USD	+0.0792%	1h	36.351	−0.163%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1353%	8h	36.400	−0.027%	$2.8M	$7.9M	20x	as long as short