Settings8H · net · $10k
Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h −0.025%
Price spread now: HTX against Aster+0.189%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.189%, 7d avg +0.051%
Together, before fees−0.040%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.137% dearer against Aster than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.051%): +$14 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MINIMAXUSDT36.4870.0582pay 0.0582% / 8h13m 34s$32K$6K20x
ShortHTX MINIMAX-USDT36.5560get 0.0000% / 4h13m 34s$49K$232K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$122.15
Price spread: +0.189% → +0.051%
$13.73
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$128.42
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; HTX: live order book, 60 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell HTX live order book, 60 min ago5.47 bp13.8 bp −$1442.2 bp −$422doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX MINIMAX-USDT0.0000%4h36.610+0.337%$15$1.3M10xas long as short
HTX MINIMAX-USDTshort0.0000%4h36.556+0.189%$49K$232K20x
Lighter MINIMAX+0.0032%1h36.559+0.197%$41K$23K10xas long as short
SoDEX MINIMAX-USD+0.0050%1h36.547+0.164%$92K$3K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h36.490+0.008%$23K$53K5xas long as short
Aevo MINIMAX-PERP+0.0104%1h36.556+0.189%10xas long as short
tradeXYZ xyz:MINIMAX+0.0305%1h36.503+0.043%$4.8M$3.3M10xas long as short
Bybit MINIMAXUSDT+0.0353%8h36.560+0.200%$925K$928K25xas long as short
Gate MINIMAX_USDT+0.0412%8h36.600+0.309%$1.3M$2.9M50xas long as short
Aster MINIMAXUSDTlong+0.0582%8h36.487long leg$32K$6K20x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MINIMAX_USDT_Perp+0.0692%4h36.551+0.176%$323$121K10xas long as short
Bitget MINIMAXUSDT+0.0703%8h36.553+0.180%$1.2M$2.7M20xas long as short
KuCoin MINIMAXUSDTM+0.0776%4h36.560+0.200%$96K$53K20xas long as short
Extended MINIMAX-USD+0.0848%1h36.551+0.174%$3K10xas long as short
Binance MINIMAXUSDT+0.0849%4h36.560+0.200%$6.4M$29.8M25xas long as short
edgeX MINIMAXUSDC+0.1383%4h36.554+0.184%$27K$184K10xas long as short
OKX MINIMAX-USDT-SWAP+0.1413%8h36.550+0.172%$2.8M$8.0M20xas long as short