Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Gate−0.124%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Funding pays, the price is against you. Aevo is 0.124% cheaper against Gate than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	37.790	0	get 0.0000% / 8h	3h 06m	$1.4M	$3.8M	50x
Short	Aevo MINIMAX-PERP	37.743	0.0104	get 0.0013% / 1h	6m 24s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.124%Rate

Funding earned: $21.84
Price spread: −0.124% → 0.000%: −$12.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$21.61
Costs to cover: 0.310%
Break-even: 13.9 days

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	5.29 bp	23.4 bp −$23	218.1 bp −$2,181	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 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
tradeXYZ xyz:MINIMAX	−0.0008%	1h	37.732	−0.153%	$4.4M	$2.9M	10x	as long as short
Gate MINIMAX_USDTlong	0.0000%	8h	37.790	long leg	$1.4M	$3.8M	50x
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.710	−0.212%	$355	$125K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.770	−0.053%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.680	−0.291%	$42K	$224K	20x	as long as short
Bybit MINIMAXUSDT	+0.0014%	8h	37.760	−0.079%	$926K	$1.0M	25x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.706	−0.222%	$42K	$25K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0047%	1h	37.640	−0.397%	$26K	$41K	5x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.744	−0.122%	$95K	$3K	10x	as long as short
Binance MINIMAXUSDT	+0.0055%	4h	37.750	−0.106%	$6.3M	$30.9M	25x	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	+0.0056%	1h	37.740	−0.132%	$3K	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.720	−0.185%	$100K	$38K	20x	as long as short
Aevo MINIMAX-PERPshort	+0.0104%	1h	37.743	−0.124%	—	—	10x
Aster MINIMAXUSDT	+0.0132%	8h	37.753	−0.097%	$33K	$150K	20x	as long as short
Bitget MINIMAXUSDT	+0.0383%	8h	37.758	−0.085%	$1.3M	$2.7M	20x	as long as short
edgeX MINIMAXUSDC	+0.0936%	4h	37.688	−0.271%	$28K	$183K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.0994%	8h	37.760	−0.079%	$2.7M	$8.3M	20x	as long as short