Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1422%/8h= −155.7% APRnext payment −$1.78 per $10,000 · paid last 24h —

Price spread now: Aevo against tradeXYZ+0.130%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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 airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.130% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	36.813	0.1678	pay 0.0210% / 1h	9m 49s	$4.9M	$3.3M	10x
Short	Aevo MINIMAX-PERP	36.861	0.0256	get 0.0032% / 1h	9m 49s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against tradeXYZ. 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 tradeXYZbpFee AevobpOrdersPrice spread, now +0.130%Rate

Funding earned: −$298.53
Price spread: +0.130% → 0.000%: $13.01
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$319.52
Costs to cover: 0.340%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago	1.76 bp	doesn't fit	doesn't fit	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 exchanges

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	36.860	+0.128%	$15	$1.1M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.871	+0.158%	$45K	$256K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.834	+0.057%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERPshort	+0.0256%	1h	36.861	+0.130%	—	—	10x
Aster MINIMAXUSDT	+0.0431%	8h	36.744	−0.186%	$33K	$5K	20x	as long as short
Gate MINIMAX_USDT	+0.0633%	8h	36.900	+0.236%	$1.3M	$2.9M	50x	as long as short
KuCoin MINIMAXUSDTM	+0.0768%	4h	36.870	+0.155%	$111K	$190K	20x	as long as short
Lighter MINIMAX	+0.0888%	1h	36.846	+0.090%	$41K	$23K	10x	as long as short
Bitget MINIMAXUSDT	+0.1072%	8h	36.830	+0.046%	$1.2M	$2.7M	20x	as long as short
Bybit MINIMAXUSDT	+0.1450%	8h	36.870	+0.155%	$949K	$899K	25x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MINIMAX-USDT-SWAP	+0.1540%	8h	36.900	+0.236%	$2.9M	$8.0M	20x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.1678%	1h	36.813	long leg	$4.9M	$3.3M	10x
Extended MINIMAX-USD	+0.1792%	1h	36.825	+0.032%	$3K	$920	10x	as long as short
Binance MINIMAXUSDT	+0.1800%	4h	36.837	+0.065%	$6.3M	$29.7M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2376%	4h	36.860	+0.128%	$222	$113K	10x	as long as short
edgeX MINIMAXUSDC	+0.2608%	4h	36.850	+0.101%	$28K	$183K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.2848%	1h	36.820	+0.019%	$22K	$57K	5x	as long as short