Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h —

Price spread now: Aevo against Binance−0.045%7-day average — · you buy dearer than you sell

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

Long on Binance 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 −$3 a day on $10k at the current rate, and Aevo is 0.045% cheaper against Binance 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	Binance MINIMAXUSDT	37.730	0.0220	pay 0.0110% / 4h	3h 14m	$6.3M	$30.9M	25x
Short	Aevo MINIMAX-PERP	37.713	0.0104	get 0.0013% / 1h	14m 56s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.045%Rate

Funding earned: −$24.36
Price spread: −0.045% → 0.000%: −$4.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$54.86
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	2.65 bp	12.8 bp −$13	38.2 bp −$382	217.9 bp −$21.8K	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	37.770	+0.106%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.750	+0.053%	$419	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.720	−0.027%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.762	+0.085%	$42K	$225K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.720	−0.027%	$43K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0047%	8h	37.760	+0.080%	$926K	$1.0M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	37.719	−0.029%	$4.4M	$2.9M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.727	−0.008%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.650	−0.212%	$26K	$41K	5x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.720	−0.027%	$100K	$38K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo MINIMAX-PERPshort	+0.0104%	1h	37.713	−0.045%	—	—	10x
Aster MINIMAXUSDT	+0.0159%	8h	37.759	+0.078%	$33K	$150K	20x	as long as short
Binance MINIMAXUSDTlong	+0.0220%	4h	37.730	long leg	$6.3M	$30.9M	25x
Extended MINIMAX-USD	+0.0224%	1h	37.720	−0.028%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0466%	8h	37.726	−0.011%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDC	+0.0847%	4h	37.738	+0.022%	$28K	$184K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1059%	8h	37.750	+0.053%	$2.7M	$8.3M	20x	as long as short