Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0365%/8h= +40.0% APRpaid last 24h +0.195%

Price spread now: Extended against Aster−0.282%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.282% cheaper against Aster than usual: you would sell low and buy high (spread −0.282% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 2.6 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	36.782	0.0635	pay 0.0635% / 8h	1h 32m	$33K	$46K	20x
Short	Extended MINIMAX-USD	36.679	0.1000	get 0.0125% / 1h	32m 11s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.282%Rate

Funding earned: $76.73
Price spread: −0.282% → 0.000%: −$28.22
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $35.51
Costs to cover: 0.130%
Break-even: 3.8 days

Slippage unknown: Aster: no order-book sample; Extended: 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 Extended no order-book sample	—	—	—	—	—

Aster and Extended: 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	36.730	−0.142%	$15	$1.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.710	−0.197%	$47K	$234K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.701	−0.221%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.709	−0.200%	—	—	10x	as long as short
Gate MINIMAX_USDT	+0.0258%	8h	36.750	−0.088%	$1.2M	$3.3M	50x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0298%	1h	36.750	−0.088%	$23K	$51K	5x	as long as short
Lighter MINIMAX	+0.0392%	1h	36.716	−0.180%	$41K	$25K	10x	as long as short
Bybit MINIMAXUSDT	+0.0523%	8h	36.700	−0.224%	$913K	$1.1M	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.0587%	1h	36.647	−0.368%	$4.5M	$3.3M	10x	as long as short
Aster MINIMAXUSDTlong	+0.0635%	8h	36.782	long leg	$33K	$46K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MINIMAXUSDT	+0.0786%	8h	36.711	−0.194%	$1.2M	$2.8M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0800%	4h	36.660	−0.333%	$96K	$37K	20x	as long as short
Extended MINIMAX-USDshort	+0.1000%	1h	36.679	−0.282%	$3K	—	10x
Binance MINIMAXUSDT	+0.1001%	4h	36.707	−0.204%	$6.4M	$32.2M	25x	as long as short
edgeX MINIMAXUSDC	+0.1165%	4h	36.735	−0.130%	$28K	$183K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1260%	4h	36.740	−0.115%	$406	$125K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1443%	8h	36.720	−0.170%	$2.8M	$8.4M	20x	as long as short