{ "schemaVersion": "provider-pair-v1", "snapshotThrough": "2026-06-20T16:02:23.195Z", "slug": "kimi-vs-minimax-for-trading", "status": "eligible", "holdReason": null, "primaryQuery": "Kimi vs MiniMax for trading", "aliases": [ "minimax-vs-kimi-for-trading" ], "families": [ { "key": "kimi", "family": "Kimi", "provider": "Moonshot AI", "routeSlot": "kimi-k2-5", "versionsBySeason": [ { "seasonSlug": "season-3", "seasonNumber": 3, "modelId": "kimi-k2-5", "modelName": "Kimi K2.5", "versionExcluded": false, "versionExclusionReason": null }, { "seasonSlug": "season-4", "seasonNumber": 4, "modelId": "kimi-k2-5", "modelName": "Kimi K2.6", "versionExcluded": false, "versionExclusionReason": null }, { "seasonSlug": "season-5", "seasonNumber": 5, "modelId": "kimi-k2-5", "modelName": "Kimi K2.6", "versionExcluded": false, "versionExclusionReason": null } ] }, { "key": "minimax", "family": "MiniMax", "provider": "MiniMax", "routeSlot": "minimax-m2-5", "versionsBySeason": [ { "seasonSlug": 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"season-4", "familyAValue": 0.3333333333333333, "familyBValue": 0.2 }, { "seasonSlug": "season-5", "familyAValue": 0.2962962962962963, "familyBValue": 0.4444444444444444 } ] }, "representativeDecisions": [ { "family": "A", "familyKey": "kimi", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-25T16:05:47.236Z", "action": "open_short", "asset": "DOT", "reasoning": "Maximum bearish trend score (-70) with perfect weekly/daily/4h alignment; composite 70/100. Strong downtrend continuation signal.", "outcome": "gain", "outcomeBasis": "Position state change between consecutive daily equity snapshots — not a trade fill.", "unrealizedPnlAtOpen": 0, "unrealizedPnlNextCycle": 48.8298648648647, "selectionRule": "First attributable gain and first attributable loss per family, ordered by (season number, cycle timestamp, asset, action); when neither is attributable, the first decision in that order is used and its reconstructed outcome (flat or unattributable) is recorded as-is.", "reconstructed": true, "sourceFile": "data/competitions/season-3/decision-history/kimi-k2-5.json" }, { "family": "A", "familyKey": "kimi", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-24T16:03:41.411Z", "action": "open_short", "asset": "XRP", "reasoning": "Strong trend alignment with weekly and daily both bearish. Despite slight negative funding (-0.0005%), the clean breakdown from $1.55 to $1.40 with lower highs validates the short. Weekly RSI at 29 suggests potential for further downside before extreme oversold.", "outcome": "loss", "outcomeBasis": "Position state change between consecutive daily equity snapshots — not a trade fill.", "unrealizedPnlAtOpen": 0, "unrealizedPnlNextCycle": -7.170880651382049, "selectionRule": "First attributable gain and first attributable loss per family, ordered by (season number, cycle timestamp, asset, action); when neither is attributable, the first decision in that order is used and its reconstructed outcome (flat or unattributable) is recorded as-is.", "reconstructed": true, "sourceFile": "data/competitions/season-3/decision-history/kimi-k2-5.json" }, { "family": "B", "familyKey": "minimax", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-23T16:02:54.470Z", "action": "open_short", "asset": "ADA", "reasoning": "BEARISH 70/100 - Weekly/Daily/4h all down. RSI(1d)=45.9, strong trend confirmation.", "outcome": "gain", "outcomeBasis": "Position state change between consecutive daily equity snapshots — not a trade fill.", "unrealizedPnlAtOpen": 0, "unrealizedPnlNextCycle": 1.9115958668197663, "selectionRule": "First attributable gain and first attributable loss per family, ordered by (season number, cycle timestamp, asset, action); when neither is attributable, the first decision in that order is used and its reconstructed outcome (flat or unattributable) is recorded as-is.", "reconstructed": true, "sourceFile": "data/competitions/season-3/decision-history/minimax-m2-5.json" }, { "family": "B", "familyKey": "minimax", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-27T16:07:46.714Z", "action": "open_short", "asset": "ETH", "reasoning": "Bearish weekly/daily alignment, composite 70, negative funding, RSI oversold but trend down.", "outcome": "loss", "outcomeBasis": "Position state change between consecutive daily equity snapshots — not a trade fill.", "unrealizedPnlAtOpen": 0, "unrealizedPnlNextCycle": -30.37082877115631, "selectionRule": "First attributable gain and first attributable loss per family, ordered by (season number, cycle timestamp, asset, action); when neither is attributable, the first decision in that order is used and its reconstructed outcome (flat or unattributable) is recorded as-is.", "reconstructed": true, "sourceFile": "data/competitions/season-3/decision-history/minimax-m2-5.json" } ], "reasoningExcerpts": [ { "family": "A", "familyKey": "kimi", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-25T16:05:47.236Z", "asset": "DOT", "action": "open_short", "quote": "Maximum bearish trend score (-70) with perfect weekly/daily/4h alignment; composite 70/100. Strong downtrend continuation signal.", "sourceFile": "data/competitions/season-3/decision-history/kimi-k2-5.json" }, { "family": "A", "familyKey": "kimi", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-24T16:03:41.411Z", "asset": "XRP", "action": "open_short", "quote": "Strong trend alignment with weekly and daily both bearish. Despite slight negative funding (-0.0005%), the clean breakdown from $1.55 to $1.40 with lower highs validates the short. Weekly RSI at 29 suggests potential for further downside before extreme oversold.", "sourceFile": "data/competitions/season-3/decision-history/kimi-k2-5.json" }, { "family": "B", "familyKey": "minimax", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-23T16:02:54.470Z", "asset": "ADA", "action": "open_short", "quote": "BEARISH 70/100 - Weekly/Daily/4h all down. RSI(1d)=45.9, strong trend confirmation.", "sourceFile": "data/competitions/season-3/decision-history/minimax-m2-5.json" }, { "family": "B", "familyKey": "minimax", "seasonSlug": "season-3", "cycleTimestamp": "2026-03-27T16:07:46.714Z", "asset": "ETH", "action": "open_short", "quote": "Bearish weekly/daily alignment, composite 70, negative funding, RSI oversold but trend down.", "sourceFile": "data/competitions/season-3/decision-history/minimax-m2-5.json" } ], "methodology": [ { "seasonSlug": "season-3", "seasonNumber": 3, "startDate": "2026-03-23", "endDate": "2026-04-26", "startingCapital": 10000, "feePercent": 0.1, "cadenceLabel": "daily (24h cycle)", "assetUniverse": [ "ETH", "BNB", "SOL", "XRP", "DOGE", "ADA", "AVAX", "LINK", "DOT", "MATIC", "UNI", "ATOM", "LTC", "ETC", "FIL", "APT", "ARB", "OP", "NEAR", "SUI", "AAVE", "PENGU", "HYPE", "PURR", "CRV", "SNX", "COMP", "SUSHI", "IMX", "STX", "INJ", "TIA", "SEI", "MANTA", "BLUR", "PENDLE", "ZORA" ], "assetUniverseLabel": "37 crypto assets", "shortSellingAllowed": true, "leverageAllowed": false, "stopLossRequired": true, "maxPositions": 10, "finalizationBasis": "retained-open-exposure", "eraNotes": [] }, { "seasonSlug": "season-4", "seasonNumber": 4, "startDate": "2026-04-26", "endDate": "2026-05-23", "startingCapital": 10000, "feePercent": 0.1, "cadenceLabel": "daily (24h cycle)", "assetUniverse": [ "ETH", "SOL", "XRP", "DOGE", "ZEC", "BNB", "TAO" ], "assetUniverseLabel": "7 crypto assets", "shortSellingAllowed": true, "leverageAllowed": false, "stopLossRequired": true, "maxPositions": 10, "finalizationBasis": "retained-open-exposure", "eraNotes": [] }, { "seasonSlug": "season-5", "seasonNumber": 5, "startDate": "2026-05-23", "endDate": "2026-06-20", "startingCapital": 10000, "feePercent": 0.1, "cadenceLabel": "daily (24h cycle)", "assetUniverse": [ "ETH", "SOL", "XRP", "DOGE", "ZEC", "BNB", "TON", "SUI", "TRX", "PEPE" ], "assetUniverseLabel": "10 crypto assets", "shortSellingAllowed": true, "leverageAllowed": false, "stopLossRequired": true, "maxPositions": 10, "finalizationBasis": "retained-open-exposure", "eraNotes": [] } ], "limitations": [ "returnPct includes unrealized P&L; realized and unrealized are reported separately per season (a season winner has previously carried negative realized P&L while leading on unrealized gains).", "Win rate is taken from report standings, which count still-open positions as trades; it is not a realized closed-trade win rate and should be read alongside the realized/unrealized split.", "Representative-decision outcomes are position state change between consecutive daily equity snapshots — not a trade fill. Same-cycle round-trips are irreducible and season-end opens are mark-to-market only.", "Cross-season comparison only: prompts, model versions, cadence, asset universe and market regimes changed between seasons — these are not one controlled experiment.", "Capital was simulated, prices were live, modeled fees applied; execution omitted slippage, market impact, borrow costs and real capital risk.", "Samples are short (3 shared completed seasons); behavior is described with sample size, never as a permanent trait of Kimi or MiniMax.", "Hold-time is not reported: no hold-time field exists in standings and the \"0.0 hours\" text in report prose is a placeholder, not a measurement. Profit factor is not archived and is omitted." ], "sourceFiles": [ { "path": "data/competitions/season-3.json", "role": "season-metadata", "sha256": "sha256:a6dffdc96efb3d67157a251759daa1d6e16dc2fc707a3be4ae700aaeeb319055", "seasonSlug": "season-3" }, { "path": "data/competitions/season-3/decision-history/kimi-k2-5.json", "role": "decision-history", "sha256": "sha256:10e7f0bb4646abc63da106d2c993d99c33f422c2e4a1cc727acc0061fb3285c5", "seasonSlug": "season-3", "modelId": "kimi-k2-5" }, { "path": "data/competitions/season-3/decision-history/minimax-m2-5.json", "role": "decision-history", "sha256": "sha256:cde1a91eb2e7bf1b0e40b18d61b47ab0df657df430db7524f17de48b197cee71", "seasonSlug": "season-3", "modelId": "minimax-m2-5" }, { "path": "data/competitions/season-3/equity-history.json", "role": "equity-history", "sha256": "sha256:e1d662bdd0bbcefe502c94632d09061e0112de0f22fafa49106bf00994fd22a0", "seasonSlug": "season-3" }, { "path": "data/competitions/season-3/report.json", "role": "report", "sha256": "sha256:5ca10635840cb176e4b27d5a8c3c6feb8665f9025285a84ad8b7dabc71219376", "seasonSlug": "season-3" }, { "path": "data/competitions/season-4.json", "role": "season-metadata", "sha256": "sha256:a084e6be130ae109483e93322ecca7ac360b1d85c67f6af2fd4786780ab5a94f", "seasonSlug": "season-4" }, { "path": "data/competitions/season-4/decision-history/kimi-k2-5.json", "role": "decision-history", "sha256": "sha256:9ed19b4df3e71a20e325efdf5566174ca273d57a2081b9dbbdd609e985dda994", "seasonSlug": "season-4", "modelId": "kimi-k2-5" }, { "path": "data/competitions/season-4/decision-history/minimax-m2-5.json", "role": "decision-history", "sha256": "sha256:60c01cc3e69d1866f6e5677f098ad9119dedf221c66d4183a44b902d31d24825", "seasonSlug": "season-4", "modelId": "minimax-m2-5" }, { "path": "data/competitions/season-4/equity-history.json", "role": "equity-history", "sha256": "sha256:cf62eb11aa53ba2b6b8d4088a9ded56eadb442caac06f7ed956b2f3d7ad3968b", "seasonSlug": "season-4" }, { "path": "data/competitions/season-4/report.json", "role": "report", "sha256": "sha256:4c729cc96be4e505fdb1eb1f58e109736180b80a886d0af79c5fc84055a81763", "seasonSlug": "season-4" }, { "path": "data/competitions/season-5.json", "role": "season-metadata", "sha256": "sha256:3f3a83589fb1165b4da34cf0db0a848c0ae93728fbfb101aae32623985bf3c90", "seasonSlug": "season-5" }, { "path": "data/competitions/season-5/decision-history/kimi-k2-5.json", "role": "decision-history", "sha256": "sha256:de77b2ad2ff29c5562f73eff2f08c4874cff83b52bf0a2a754c14a76916b68b1", "seasonSlug": "season-5", "modelId": "kimi-k2-5" }, { "path": "data/competitions/season-5/decision-history/minimax-m2-5.json", "role": "decision-history", "sha256": "sha256:7bfde96f8ff65bd32d19e305dbbbc4756156ba39777a4c5dd887a4397575fe50", "seasonSlug": "season-5", "modelId": "minimax-m2-5" }, { "path": "data/competitions/season-5/equity-history.json", "role": "equity-history", "sha256": "sha256:d86f23f814afb8c5834fa39f5916e92c14cb75fbd3524293216c0a058005261e", "seasonSlug": "season-5" }, { "path": "data/competitions/season-5/report.json", "role": "report", "sha256": "sha256:192cc557fe6b452fe334cf7dfd50b12aacb739f908e5d9576eb56bcdeade0ae6", "seasonSlug": "season-5" } ], "generatedAt": "2026-06-20T16:02:23.195Z", "sourceHash": "sha256:566bd584772dc7c4626b1952653912134f02a0f3a08499bbb74c157067e17077" }