Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h —

Price spread now: Aevo against tradeXYZ+0.042%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.042% dearer against tradeXYZ than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	39.113	0.0290	pay 0.0036% / 1h	21m 44s	$4.5M	$2.9M	10x
Short	Aevo MINIMAX-PERP	39.130	0.0296	get 0.0037% / 1h	21m 44s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now +0.042%Rate

Funding earned: $1.28
Price spread: +0.042% → 0.000%: $4.24
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$28.48
Costs to cover: 0.340%
Break-even: 162.7 days

Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	3.09 bp	15.4 bp −$15	doesn't fit	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
edgeX MINIMAXUSDC	−0.0005%	4h	38.881	−0.594%	$29K	$183K	10x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.150	+0.095%	$1.4M	$4.0M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.170	+0.146%	$16	$2.6M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.145	+0.082%	$44K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.143	+0.077%	$44K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.132	+0.049%	$98K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.820	−0.749%	$29K	$39K	5x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0290%	1h	39.113	long leg	$4.5M	$2.9M	10x
Aevo MINIMAX-PERPshort	+0.0296%	1h	39.130	+0.042%	—	—	10x
Aster MINIMAXUSDT	+0.0362%	8h	39.161	+0.124%	$35K	$150K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0412%	4h	39.100	−0.033%	$99K	$36K	20x	as long as short
Bybit MINIMAXUSDT	+0.0556%	8h	39.170	+0.146%	$958K	$1.1M	25x	as long as short
Binance MINIMAXUSDT	+0.0967%	4h	39.120	+0.018%	$6.5M	$31.0M	25x	as long as short
Extended MINIMAX-USD	+0.0968%	1h	39.085	−0.072%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1041%	8h	39.138	+0.064%	$1.3M	$2.5M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1110%	4h	38.767	−0.885%	$482	$124K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1248%	8h	39.190	+0.197%	$2.4M	$8.5M	20x	as long as short