Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0912%/8h= +99.9% APRpaid last 24h +0.212%

Price spread now: Extended against Gate−0.217%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 Extended

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

Funding pays, the price is against you. Extended is 0.217% cheaper against Gate than usual: you would sell low and buy high (spread −0.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 19 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	38.520	0	get 0.0000% / 8h	5h 10m	$1.4M	$4.0M	50x
Short	Extended MINIMAX-USD	38.436	0.0912	get 0.0114% / 1h	10m 48s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.217%Rate

Funding earned: $191.52
Price spread: −0.217% → 0.000%: −$21.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $149.82
Costs to cover: 0.200%
Break-even: 1.5 days

Slippage unknown: Gate: live order book, 2 min ago; Extended: 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	5.15 bp	56.8 bp −$57	240.0 bp −$2,400	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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
Gate MINIMAX_USDTlong	0.0000%	8h	38.520	long leg	$1.4M	$4.0M	50x
SunX MINIMAX-USDT	0.0000%	4h	38.540	+0.052%	$15	$2.6M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.494	−0.067%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.473	−0.122%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.482	−0.099%	$97K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.560	+0.104%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0264%	1h	38.489	−0.080%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0317%	1h	38.483	−0.096%	$4.5M	$3.0M	10x	as long as short
Aster MINIMAXUSDT	+0.0345%	8h	38.503	−0.045%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0386%	4h	38.480	−0.104%	$97K	$36K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0458%	8h	38.510	−0.026%	$944K	$1.1M	25x	as long as short
edgeX MINIMAXUSDC	+0.0751%	4h	38.775	+0.662%	$29K	$182K	10x	as long as short
Binance MINIMAXUSDT	+0.0909%	4h	38.461	−0.154%	$6.4M	$31.4M	25x	as long as short
Extended MINIMAX-USDshort	+0.0912%	1h	38.436	−0.217%	$3K	—	10x
Bitget MINIMAXUSDT	+0.0987%	8h	38.478	−0.109%	$1.3M	$2.6M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0996%	4h	38.793	+0.709%	$247	$125K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1245%	8h	38.560	+0.104%	$2.6M	$8.6M	20x	as long as short