Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1185%/8h= −129.7% APRpaid last 24h —

Price spread now: Aevo against OKX−0.205%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Aevo is 0.205% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MINIMAX-USDT-SWAP	37.890	0.1289	pay 0.1289% / 8h	3h 47m	$2.6M	$8.3M	20x
Short	Aevo MINIMAX-PERP	37.812	0.0104	get 0.0013% / 1h	47m 04s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.205%Rate

Funding earned: −$248.77
Price spread: −0.205% → 0.000%: −$20.52
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$295.29
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	2.64 bp	18.8 bp −$19	152.9 bp −$1,529	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	37.900	+0.026%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.810	−0.211%	$457	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.890	0.000%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.844	−0.121%	$43K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.812	−0.206%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.825	−0.172%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.780	−0.290%	$26K	$42K	5x	as long as short
Aevo MINIMAX-PERPshort	+0.0104%	1h	37.812	−0.205%	—	—	10x
Bybit MINIMAXUSDT	+0.0162%	8h	37.880	−0.026%	$927K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0252%	1h	37.812	−0.206%	$4.4M	$2.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0278%	8h	37.806	−0.222%	$34K	$150K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0406%	4h	37.830	−0.158%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0670%	4h	37.853	−0.097%	$6.3M	$30.8M	25x	as long as short
Extended MINIMAX-USD	+0.0672%	1h	37.841	−0.129%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0696%	8h	37.855	−0.092%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAPlong	+0.1289%	8h	37.890	long leg	$2.6M	$8.3M	20x
edgeX MINIMAXUSDC	+0.1484%	4h	37.816	−0.195%	$28K	$183K	10x	as long as short