Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h —

Price spread now: Aevo against Lighter−0.040%7-day average — · you buy dearer than you sell

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.040% cheaper against Lighter than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MINIMAX	36.309	0.0032	pay 0.0004% / 1h	22m 04s	$41K	$23K	10x
Short	Aevo MINIMAX-PERP	36.295	0.0104	get 0.0013% / 1h	22m 04s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.040%Rate

Funding earned: $15.12
Price spread: −0.040% → 0.000%: −$3.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.87
Costs to cover: 0.160%
Break-even: 9.3 days

Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Lighter and 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	36.370	+0.168%	$925K	$889K	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	36.430	+0.333%	$1.3M	$2.9M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	36.250	−0.163%	$618	$118K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	36.450	+0.388%	$15	$1.2M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.434	+0.344%	$45K	$253K	20x	as long as short
Lighter MINIMAXlong	+0.0032%	1h	36.309	long leg	$41K	$23K	10x
tradeXYZ xyz:MINIMAX	+0.0050%	1h	36.291	−0.050%	$4.8M	$3.3M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.304	−0.014%	$91K	$3K	10x	as long as short
Aevo MINIMAX-PERPshort	+0.0104%	1h	36.295	−0.040%	—	—	10x
Ondo Perps MINIMAX-USD.P	+0.0126%	1h	36.210	−0.273%	$22K	$56K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0403%	8h	36.329	+0.055%	$32K	$6K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0478%	4h	36.340	+0.085%	$96K	$107K	20x	as long as short
Bitget MINIMAXUSDT	+0.0535%	8h	36.427	+0.325%	$1.2M	$2.7M	20x	as long as short
Binance MINIMAXUSDT	+0.0549%	4h	36.385	+0.210%	$6.3M	$29.6M	25x	as long as short
Extended MINIMAX-USD	+0.0552%	1h	36.365	+0.154%	$3K	$920	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1217%	8h	36.440	+0.361%	$2.8M	$7.8M	20x	as long as short
edgeX MINIMAXUSDC	+0.1438%	4h	36.240	−0.189%	$27K	$182K	10x	as long as short