Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1987%/8h= −217.6% APRpaid last 24h −0.066%

Price spread now: KuCoin against tradeXYZ+0.013%7-day average +0.006% · you sell dearer than you buy

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

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.013%, 7d avg +0.006%

Together, before fees−0.094%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$60 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% 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	tradeXYZ xyz:MINIMAX	38.965	0.2637	pay 0.0330% / 1h	14m 17s	$4.6M	$3.3M	10x
Short	KuCoin MINIMAXUSDTM	38.970	0.0650	get 0.0325% / 4h	2h 14m	$98K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$417.32
Price spread: +0.013% → +0.006%: $0.66
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$446.66
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 4 min ago; KuCoin: live order book, 60 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 tradeXYZ live order book, 4 min ago	3.21 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	20.17 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	38.990	+0.064%	$1.4M	$4.8M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.910	−0.141%	$16	$3.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.869	−0.246%	$46K	$199K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.892	−0.187%	$98K	$4K	10x	as long as short
Aster MINIMAXUSDT	+0.0392%	8h	38.954	−0.029%	$35K	$150K	20x	as long as short
Aevo MINIMAX-PERP	+0.0488%	1h	38.908	−0.146%	—	—	10x	as long as short
KuCoin MINIMAXUSDTMshort	+0.0650%	4h	38.970	+0.013%	$98K	$37K	20x
edgeX MINIMAXUSDC	+0.1114%	4h	38.288	−1.739%	$29K	$188K	10x	as long as short
Bitget MINIMAXUSDT	+0.1355%	8h	38.911	−0.139%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1355%	8h	38.940	−0.064%	$2.2M	$8.8M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MINIMAX-USD	+0.1408%	1h	38.896	−0.178%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1412%	4h	38.916	−0.125%	$6.6M	$33.4M	25x	as long as short
Lighter MINIMAX	+0.1544%	1h	38.923	−0.108%	$44K	$26K	10x	as long as short
Bybit MINIMAXUSDT	+0.1646%	8h	38.920	−0.115%	$934K	$1.3M	25x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.2637%	1h	38.965	long leg	$4.6M	$3.3M	10x
Ondo Perps MINIMAX-USD.P	+0.2652%	1h	38.980	+0.038%	$30K	$39K	5x	as long as short
GRVT MINIMAX_USDT_Perp	+0.2932%	4h	38.439	−1.351%	$418	$127K	10x	as long as short