Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0483%/8h= +52.9% APRpaid last 24h —

Price spread now: Aster against Aevo−0.083%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.083% cheaper against Aevo than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MINIMAX-PERP	36.419	0.0104	pay 0.0013% / 1h	39m 53s	—	—	10x
Short	Aster MINIMAXUSDT	36.389	0.0587	get 0.0587% / 8h	39m 53s	$32K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.083%Rate

Funding earned: $101.48
Price spread: −0.083% → 0.000%: −$8.26
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: $69.22
Costs to cover: 0.240%
Break-even: 2.2 days

Slippage unknown: Aevo: no order-book sample; Aster: 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Aevo and Aster: 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	36.470	+0.141%	$15	$1.4M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.368	−0.139%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.422	+0.009%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.408	−0.029%	$91K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.530	+0.306%	$23K	$52K	5x	as long as short
Aevo MINIMAX-PERPlong	+0.0104%	1h	36.419	long leg	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0276%	1h	36.403	−0.043%	$4.7M	$3.3M	10x	as long as short
Gate MINIMAX_USDT	+0.0354%	8h	36.490	+0.196%	$1.3M	$2.9M	50x	as long as short
edgeX MINIMAXUSDC	+0.0356%	4h	36.542	+0.339%	$27K	$182K	10x	as long as short
Bybit MINIMAXUSDT	+0.0397%	8h	36.450	+0.086%	$920K	$1.0M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDTshort	+0.0587%	8h	36.389	−0.083%	$32K	$6K	20x
Bitget MINIMAXUSDT	+0.0712%	8h	36.455	+0.100%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0730%	4h	36.390	−0.079%	$95K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0788%	4h	36.525	+0.293%	$850	$125K	10x	as long as short
Binance MINIMAXUSDT	+0.0854%	4h	36.433	+0.039%	$6.3M	$30.7M	25x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.425	+0.016%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1396%	8h	36.500	+0.224%	$2.8M	$8.2M	20x	as long as short