Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0331%/8h= −36.3% APRpaid last 24h −0.015%

Price spread now: SoDEX against Aster−0.172%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$613as in the Price arb table

costs, in and out, $10k−$5935.933% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.172%, 7d avg +0.021%

Together, before fees+0.262%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.193% cheaper against Aster than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.014% in total (about 1.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	38.554	0.0381	pay 0.0381% / 8h	5h 54m	$34K	$150K	20x
Short	SoDEX MINIMAX-USD	38.488	0.0050	get 0.0006% / 1h	54m 05s	$97K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$69.6
Price spread: −0.172% → +0.021%: −$19.27
Slippage, 4 orders: −$577.27
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$682.13
Costs to cover: 5.933%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; SoDEX: live order book, 60 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, 7 min ago	30.94 bp	231.5 bp −$231	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 60 min ago	5.51 bp	169.1 bp −$169	doesn't fit	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	38.570	+0.041%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.560	+0.015%	$15	$3.0M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.494	−0.157%	$45K	$206K	20x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	38.488	−0.172%	$97K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.760	+0.533%	$30K	$38K	5x	as long as short
Lighter MINIMAX	+0.0208%	1h	38.526	−0.074%	$43K	$25K	10x	as long as short
Aster MINIMAXUSDTlong	+0.0381%	8h	38.554	long leg	$34K	$150K	20x
Aevo MINIMAX-PERP	+0.0408%	1h	38.500	−0.140%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0469%	1h	38.564	+0.025%	$4.5M	$2.8M	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0544%	4h	38.500	−0.141%	$97K	$37K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.1058%	8h	38.590	+0.092%	$924K	$1.2M	25x	as long as short
edgeX MINIMAXUSDC	+0.1107%	4h	38.782	+0.590%	$29K	$187K	10x	as long as short
Binance MINIMAXUSDT	+0.1216%	4h	38.550	−0.011%	$6.4M	$32.2M	25x	as long as short
Extended MINIMAX-USD	+0.1216%	1h	38.571	+0.043%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1237%	8h	38.614	+0.155%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1346%	8h	38.620	+0.170%	$2.2M	$8.5M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1950%	4h	38.770	+0.559%	$425	$124K	10x	as long as short