MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.35 per $10,000 · paid last 24h +0.044%

Price spread now: Bybit against Aster+0.103%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$388as in the Funding arb table

Net, price: spread back to 7d avg − costs−$390as in the Price arb table

costs, in and out, $10k−$3973.967% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.103%, 7d avg +0.041%

Together, before fees−0.078%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.062% dearer against Aster than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.041%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.085%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	38.111	0.0384	pay 0.0384% / 8h	4h 24m	$34K	$150K	20x
Short	Bybit MINIMAXUSDT	38.150	0.0349	get 0.0349% / 8h	4h 24m	$939K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$7.39
Price spread: +0.103% → +0.041%: $6.21
Slippage, 4 orders: −$377.68
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$397.86
Costs to cover: 3.967%
Break-even: never at this rate

Slippage from Aster: live order book, 31 min ago; Bybit: live order book, 1 min ago.

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 live order book, 31 min ago	22.11 bp	265.9 bp −$266	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.93 bp	47.2 bp −$47	159.3 bp −$1,593	doesn't fit	doesn't fit

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
Gate MINIMAX_USDT	0.0000%	8h	38.190	+0.208%	$1.4M	$3.8M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.180	+0.182%	$15	$2.4M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.169	+0.153%	$43K	$218K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.122	+0.030%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.130	+0.051%	$29K	$38K	5x	as long as short
Lighter MINIMAX	+0.0136%	1h	38.143	+0.085%	$43K	$25K	10x	as long as short
Aevo MINIMAX-PERP	+0.0184%	1h	38.137	+0.068%	—	—	10x	as long as short
Bybit MINIMAXUSDTshort	+0.0349%	8h	38.150	+0.103%	$939K	$1.1M	25x
Aster MINIMAXUSDTlong	+0.0384%	8h	38.111	long leg	$34K	$150K	20x
KuCoin MINIMAXUSDTM	+0.0542%	4h	38.080	−0.081%	$96K	$35K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MINIMAX_USDT_Perp	+0.0862%	4h	38.190	+0.208%	$611	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0897%	8h	38.131	+0.053%	$1.3M	$2.6M	20x	as long as short
Extended MINIMAX-USD	+0.0928%	1h	38.115	+0.012%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0934%	4h	38.131	+0.053%	$6.4M	$31.2M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.1021%	1h	38.126	+0.040%	$4.5M	$2.9M	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1402%	8h	38.180	+0.182%	$2.6M	$8.5M	20x	as long as short
edgeX MINIMAXUSDC	+0.1677%	4h	38.187	+0.199%	$29K	$182K	10x	as long as short