Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Aevo against Ondo Perps−0.077%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps 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 airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.077% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MINIMAX-USD.P	36.670	0.0050	pay 0.0006% / 1h	16m 31s	$23K	$54K	5x
Short	Aevo MINIMAX-PERP	36.642	0.0104	get 0.0013% / 1h	16m 31s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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 Ondo PerpsbpFee AevobpOrdersPrice spread, now −0.077%Rate

Funding earned: $11.26
Price spread: −0.077% → 0.000%: −$7.69
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$17.44
Costs to cover: 0.210%
Break-even: 17.8 days

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Ondo Perps 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
SunX MINIMAX-USDT	0.0000%	4h	36.690	+0.055%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.621	−0.134%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.658	−0.033%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.637	−0.090%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.Plong	+0.0050%	1h	36.670	long leg	$23K	$54K	5x
Aevo MINIMAX-PERPshort	+0.0104%	1h	36.642	−0.077%	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0305%	1h	36.617	−0.145%	$4.8M	$3.3M	10x	as long as short
Bybit MINIMAXUSDT	+0.0361%	8h	36.660	−0.027%	$928K	$930K	25x	as long as short
Gate MINIMAX_USDT	+0.0406%	8h	36.700	+0.082%	$1.3M	$2.9M	50x	as long as short
Aster MINIMAXUSDT	+0.0582%	8h	36.587	−0.226%	$33K	$6K	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	+0.0701%	8h	36.645	−0.068%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0710%	4h	36.600	−0.191%	$871	$120K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0768%	4h	36.640	−0.082%	$96K	$50K	20x	as long as short
Extended MINIMAX-USD	+0.0848%	1h	36.642	−0.076%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0849%	4h	36.640	−0.082%	$6.4M	$29.8M	25x	as long as short
edgeX MINIMAXUSDC	+0.1095%	4h	36.633	−0.101%	$28K	$183K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1409%	8h	36.660	−0.027%	$2.8M	$8.0M	20x	as long as short