Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.105%

Price spread now: Extended against KuCoin0.000%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 Extended

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MINIMAXUSDTM	37.000	0.0684	pay 0.0342% / 4h	1h 53m	$97K	$38K	20x
Short	Extended MINIMAX-USD	37.000	0.0896	get 0.0112% / 1h	53m 27s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now 0.000%Rate

Funding earned: $44.52
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $27.52
Costs to cover: 0.170%
Break-even: 2.7 days

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

KuCoin and 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	37.110	+0.297%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.066	+0.178%	$48K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.051	+0.138%	$93K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.078	+0.211%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0202%	8h	37.070	+0.189%	$1.4M	$3.2M	50x	as long as short
Bybit MINIMAXUSDT	+0.0514%	8h	37.000	0.000%	$918K	$1.1M	25x	as long as short
Lighter MINIMAX	+0.0560%	1h	37.043	+0.116%	$41K	$25K	10x	as long as short
Aster MINIMAXUSDT	+0.0584%	8h	37.056	+0.150%	$33K	$46K	20x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0615%	1h	37.000	0.000%	$23K	$51K	5x	as long as short
KuCoin MINIMAXUSDTMlong	+0.0684%	4h	37.000	long leg	$97K	$38K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0743%	8h	37.009	+0.024%	$1.2M	$2.8M	20x	as long as short
Extended MINIMAX-USDshort	+0.0896%	1h	37.000	0.000%	$3K	—	10x
tradeXYZ xyz:MINIMAX	+0.0903%	1h	36.960	−0.108%	$4.5M	$3.3M	10x	as long as short
Binance MINIMAXUSDT	+0.0910%	4h	37.000	0.000%	$6.4M	$32.6M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1344%	4h	37.060	+0.162%	$865	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1414%	8h	37.030	+0.081%	$2.8M	$8.5M	20x	as long as short
edgeX MINIMAXUSDC	+0.1510%	4h	37.032	+0.087%	$28K	$183K	10x	as long as short