Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.3% APRpaid last 24h +0.089%

Price spread now: KuCoin against Aster+0.196%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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.294%+$29 on $10k

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

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.196% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	36.488	0.0582	pay 0.0582% / 8h	13m 10s	$32K	$6K	20x
Short	KuCoin MINIMAXUSDTM	36.560	0.0776	get 0.0388% / 4h	13m 10s	$96K	$54K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.196%Rate

Funding earned: $40.81
Price spread: +0.196% → 0.000%: $19.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $40.4
Costs to cover: 0.200%
Break-even: 0.1 days

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

Aster and KuCoin: 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	36.600	+0.306%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.556	+0.185%	$49K	$232K	20x	as long as short
Lighter MINIMAX	+0.0040%	1h	36.544	+0.152%	$41K	$23K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.539	+0.138%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.490	+0.004%	$23K	$53K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.551	+0.172%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0306%	1h	36.504	+0.043%	$4.8M	$3.3M	10x	as long as short
Bybit MINIMAXUSDT	+0.0353%	8h	36.560	+0.196%	$925K	$924K	25x	as long as short
Gate MINIMAX_USDT	+0.0412%	8h	36.590	+0.278%	$1.3M	$2.9M	50x	as long as short
Aster MINIMAXUSDTlong	+0.0582%	8h	36.488	long leg	$32K	$6K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MINIMAX_USDT_Perp	+0.0692%	4h	36.551	+0.172%	$323	$121K	10x	as long as short
Bitget MINIMAXUSDT	+0.0703%	8h	36.530	+0.114%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTMshort	+0.0776%	4h	36.560	+0.196%	$96K	$54K	20x
Extended MINIMAX-USD	+0.0848%	1h	36.550	+0.169%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0849%	4h	36.540	+0.141%	$6.4M	$29.9M	25x	as long as short
edgeX MINIMAXUSDC	+0.1383%	4h	36.554	+0.181%	$27K	$184K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1412%	8h	36.550	+0.169%	$2.8M	$8.0M	20x	as long as short