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: SoDEX against Aevo−0.036%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on SoDEX

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 −$2 a day on $10k at the current rate, and SoDEX is 0.036% cheaper against Aevo than usual: you would sell low and buy high (−$4 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	Aevo MINIMAX-PERP	36.558	0.0104	pay 0.0013% / 1h	32m 21s	—	—	10x
Short	SoDEX MINIMAX-USD	36.545	0.0050	get 0.0006% / 1h	32m 21s	$92K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Aevo. 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 AevobpFee SoDEXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$11.34
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$38.9
Costs to cover: 0.240%
Break-even: never at this rate

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

Aevo and SoDEX: 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	36.560	+0.005%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.521	−0.101%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0048%	1h	36.554	−0.011%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	36.545	−0.036%	$92K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.550	−0.022%	$23K	$52K	5x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.558	long leg	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0319%	1h	36.505	−0.145%	$4.8M	$3.3M	10x	as long as short
Gate MINIMAX_USDT	+0.0367%	8h	36.580	+0.060%	$1.3M	$2.9M	50x	as long as short
Bybit MINIMAXUSDT	+0.0393%	8h	36.550	−0.022%	$920K	$969K	25x	as long as short
edgeX MINIMAXUSDC	+0.0442%	4h	36.514	−0.121%	$27K	$183K	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	+0.0594%	8h	36.490	−0.185%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0708%	8h	36.536	−0.060%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0752%	4h	36.550	−0.022%	$96K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0770%	4h	36.487	−0.194%	$1K	$123K	10x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.527	−0.086%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0860%	4h	36.535	−0.063%	$6.4M	$30.3M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1410%	8h	36.570	+0.033%	$2.8M	$8.0M	20x	as long as short