Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0486%/8h= −53.2% APRpaid last 24h —

Price spread now: Aevo against Aster+0.135%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.135% dearer against Aster than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	36.541	0.0590	pay 0.0590% / 8h	22m 56s	$33K	$6K	20x
Short	Aevo MINIMAX-PERP	36.591	0.0104	get 0.0013% / 1h	22m 56s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.135%Rate

Funding earned: −$102.06
Price spread: +0.135% → 0.000%: $13.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$112.6
Costs to cover: 0.240%
Break-even: never at this rate

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

Aster and 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
SunX MINIMAX-USDT	0.0000%	4h	36.620	+0.215%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.651	+0.300%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	36.601	+0.163%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.595	+0.147%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.450	−0.250%	$23K	$53K	5x	as long as short
Aevo MINIMAX-PERPshort	+0.0104%	1h	36.591	+0.135%	—	—	10x
tradeXYZ xyz:MINIMAX	+0.0317%	1h	36.570	+0.078%	$4.8M	$3.2M	10x	as long as short
Bybit MINIMAXUSDT	+0.0382%	8h	36.620	+0.215%	$927K	$935K	25x	as long as short
Gate MINIMAX_USDT	+0.0386%	8h	36.650	+0.297%	$1.3M	$2.9M	50x	as long as short
Aster MINIMAXUSDTlong	+0.0590%	8h	36.541	long leg	$33K	$6K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.0651%	4h	36.539	−0.005%	$27K	$183K	10x	as long as short
Bitget MINIMAXUSDT	+0.0707%	8h	36.617	+0.207%	$1.2M	$2.7M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0738%	4h	36.534	−0.020%	$879	$120K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0754%	4h	36.600	+0.161%	$96K	$44K	20x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.590	+0.134%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0860%	4h	36.600	+0.161%	$6.4M	$29.9M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1414%	8h	36.610	+0.188%	$2.8M	$8.0M	20x	as long as short