Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.3261%/8h= +357.0% APRpaid last 24h +0.240%

Price spread now: Ondo Perps against Aster+0.346%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$98 a day on $10k at the current rate, and Ondo Perps is 0.346% dearer against Aster than usual: you sell high and buy low: +$35 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	36.573	0.0616	pay 0.0616% / 8h	6h 54m	$33K	$5K	20x
Short	Ondo Perps MINIMAX-USD.P	36.700	0.3877	get 0.0485% / 1h	54m 42s	$22K	$56K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.346%Rate

Funding earned: $684.71
Price spread: +0.346% → 0.000%: $34.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $706.31
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Aster and Ondo Perps: 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
HTX MINIMAX-USDT	0.0000%	4h	36.730	+0.428%	$45K	$255K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.682	+0.297%	$92K	$3K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.702	+0.351%	—	—	10x	as long as short
SunX MINIMAX-USDT	+0.0352%	4h	36.740	+0.455%	$15	$1.1M	10x	as long as short
Aster MINIMAXUSDTlong	+0.0616%	8h	36.573	long leg	$33K	$5K	20x
KuCoin MINIMAXUSDTM	+0.0714%	4h	36.610	+0.100%	$110K	$140K	20x	as long as short
Gate MINIMAX_USDT	+0.0833%	8h	36.750	+0.483%	$1.3M	$2.9M	50x	as long as short
Bitget MINIMAXUSDT	+0.1027%	8h	36.680	+0.291%	$1.2M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1477%	8h	36.730	+0.428%	$2.8M	$8.0M	20x	as long as short
Extended MINIMAX-USD	+0.1656%	1h	36.659	+0.234%	$3K	$920	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MINIMAXUSDT	+0.1680%	4h	36.680	+0.291%	$6.3M	$29.7M	25x	as long as short
Lighter MINIMAX	+0.1984%	1h	36.713	+0.382%	$41K	$23K	10x	as long as short
edgeX MINIMAXUSDC	+0.2485%	4h	36.750	+0.482%	$28K	$182K	10x	as long as short
Bybit MINIMAXUSDT	+0.2876%	8h	36.700	+0.346%	$943K	$901K	25x	as long as short
tradeXYZ xyz:MINIMAX	+0.2911%	1h	36.630	+0.155%	$4.9M	$3.3M	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.3616%	4h	36.778	+0.558%	$309	$117K	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.3877%	1h	36.700	+0.346%	$22K	$56K	5x