Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h —

Price spread now: Aevo against KuCoin+0.163%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Aevo is 0.163% dearer against KuCoin than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MINIMAXUSDTM	39.250	0.0662	pay 0.0331% / 4h	2h 15m	$99K	$37K	20x
Short	Aevo MINIMAX-PERP	39.314	0.0488	get 0.0061% / 1h	15m 04s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.163%Rate

Funding earned: −$36.54
Price spread: +0.163% → 0.000%: $16.32
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.22
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 59 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 KuCoin live order book, 59 min ago	20.17 bp	55.2 bp −$55	doesn't fit	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
Gate MINIMAX_USDT	0.0000%	8h	39.300	+0.127%	$1.4M	$4.8M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.320	+0.178%	$16	$3.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.145	−0.268%	$46K	$199K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.268	+0.046%	$99K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0392%	8h	39.248	−0.005%	$35K	$150K	20x	as long as short
Aevo MINIMAX-PERPshort	+0.0488%	1h	39.314	+0.163%	—	—	10x
KuCoin MINIMAXUSDTMlong	+0.0662%	4h	39.250	long leg	$99K	$37K	20x
edgeX MINIMAXUSDC	+0.1114%	4h	38.288	−2.452%	$29K	$188K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1360%	8h	39.220	−0.076%	$2.2M	$9.0M	20x	as long as short
Bitget MINIMAXUSDT	+0.1361%	8h	39.193	−0.145%	$1.3M	$2.6M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MINIMAXUSDT	+0.1413%	4h	39.178	−0.182%	$6.7M	$33.5M	25x	as long as short
Extended MINIMAX-USD	+0.1416%	1h	39.150	−0.256%	$3K	—	10x	as long as short
Lighter MINIMAX	+0.1584%	1h	39.308	+0.148%	$44K	$26K	10x	as long as short
Bybit MINIMAXUSDT	+0.1687%	8h	39.170	−0.204%	$941K	$1.3M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.2679%	1h	39.199	−0.130%	$4.6M	$3.2M	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.2715%	1h	38.830	−1.070%	$30K	$39K	5x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2932%	4h	38.439	−2.067%	$418	$127K	10x	as long as short