Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0337%/8h= −36.8% APRpaid last 24h +0.104%

Price spread now: tradeXYZ against KuCoin+0.052%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.052% dearer against KuCoin than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.209%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.209% in total (about 10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MINIMAXUSDTM	36.580	0.0776	pay 0.0388% / 4h	1h 24m	$96K	$37K	20x
Short	tradeXYZ xyz:MINIMAX	36.599	0.0439	get 0.0055% / 1h	24m 03s	$4.5M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$70.67
Price spread: +0.052% → 0.000%: $5.19
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$95.48
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: KuCoin: no order-book sample; tradeXYZ: live order book, 4 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 KuCoin no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 4 min ago	2.05 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit

KuCoin: 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	36.580	0.000%	$15	$1.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.564	−0.044%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.549	−0.085%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.565	−0.042%	—	—	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0188%	1h	36.540	−0.109%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0256%	1h	36.573	−0.019%	$41K	$25K	10x	as long as short
Gate MINIMAX_USDT	+0.0269%	8h	36.690	+0.301%	$1.3M	$3.4M	50x	as long as short
tradeXYZ xyz:MINIMAXshort	+0.0439%	1h	36.599	+0.052%	$4.5M	$3.3M	10x
Bybit MINIMAXUSDT	+0.0486%	8h	36.650	+0.191%	$916K	$1.1M	25x	as long as short
Aster MINIMAXUSDT	+0.0614%	8h	36.660	+0.219%	$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
Bitget MINIMAXUSDT	+0.0761%	8h	36.642	+0.169%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTMlong	+0.0776%	4h	36.580	long leg	$96K	$37K	20x
Extended MINIMAX-USD	+0.0936%	1h	36.551	−0.081%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0940%	4h	36.620	+0.109%	$6.3M	$32.5M	25x	as long as short
edgeX MINIMAXUSDC	+0.0965%	4h	36.542	−0.104%	$27K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1098%	4h	36.555	−0.070%	$398	$125K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1413%	8h	36.650	+0.191%	$2.8M	$8.5M	20x	as long as short