Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0723%/8h= +79.2% APRpaid last 24h +0.242%

Price spread now: Extended against Gate−0.209%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 Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.209% cheaper against Gate than usual: you would sell low and buy high (spread −0.209% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 23 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	37.120	0.0213	pay 0.0213% / 8h	1h 51m	$1.4M	$3.2M	50x
Short	Extended MINIMAX-USD	37.043	0.0936	get 0.0117% / 1h	51m 26s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.209%Rate

Funding earned: $151.83
Price spread: −0.209% → 0.000%: −$20.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $110.97
Costs to cover: 0.200%
Break-even: 1.9 days

Slippage unknown: Gate: live order book, 2 min ago; Extended: 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	5.39 bp	44.9 bp −$45	217.9 bp −$2,179	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	37.110	−0.027%	$15	$2.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.088	−0.086%	$48K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.071	−0.132%	$93K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.068	−0.141%	—	—	10x	as long as short
Gate MINIMAX_USDTlong	+0.0213%	8h	37.120	long leg	$1.4M	$3.2M	50x
Bybit MINIMAXUSDT	+0.0524%	8h	37.070	−0.135%	$920K	$1.1M	25x	as long as short
edgeX MINIMAXUSDC	+0.0589%	4h	37.026	−0.254%	$28K	$183K	10x	as long as short
Aster MINIMAXUSDT	+0.0599%	8h	37.105	−0.041%	$33K	$46K	20x	as long as short
Lighter MINIMAX	+0.0648%	1h	37.047	−0.197%	$41K	$25K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0688%	1h	36.970	−0.404%	$23K	$51K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0706%	4h	37.050	−0.189%	$98K	$38K	20x	as long as short
Bitget MINIMAXUSDT	+0.0755%	8h	37.054	−0.178%	$1.2M	$2.8M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0889%	1h	37.014	−0.286%	$4.5M	$3.3M	10x	as long as short
Extended MINIMAX-USDshort	+0.0936%	1h	37.043	−0.209%	$3K	—	10x
Binance MINIMAXUSDT	+0.0937%	4h	37.051	−0.185%	$6.4M	$32.6M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1362%	4h	37.051	−0.187%	$802	$127K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1425%	8h	37.060	−0.162%	$2.8M	$8.5M	20x	as long as short