Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.183%

Price spread now: tradeXYZ against Aster+0.033%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$3002.996% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.422%+$42 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.033%, 7d avg +0.011%

Together, before fees+0.315%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.022% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	38.404	0.0333	pay 0.0333% / 8h	5h 01m	$34K	$150K	20x
Short	tradeXYZ xyz:MINIMAX	38.417	0.0375	get 0.0047% / 1h	1m 55s	$4.5M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.033%Rate

Funding earned: $8.8
Price spread: +0.033% → +0.011%: $2.16
Slippage, 4 orders: −$273.63
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$288.68
Costs to cover: 2.996%
Break-even: 236.7 days

Slippage from Aster: live order book, 59 min ago; tradeXYZ: live order book, 6 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, 59 min ago	30.94 bp	231.5 bp −$231	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	2.84 bp	18.8 bp −$19	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	38.480	+0.197%	$1.4M	$4.1M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.390	−0.037%	$15	$2.5M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.386	−0.048%	$43K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.386	−0.048%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.347	−0.149%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.280	−0.324%	$29K	$38K	5x	as long as short
Aevo MINIMAX-PERP	+0.0232%	1h	38.330	−0.195%	—	—	10x	as long as short
Aster MINIMAXUSDTlong	+0.0333%	8h	38.404	long leg	$34K	$150K	20x
tradeXYZ xyz:MINIMAXshort	+0.0375%	1h	38.417	+0.033%	$4.5M	$2.9M	10x
Bybit MINIMAXUSDT	+0.0390%	8h	38.480	+0.197%	$946K	$1.1M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0392%	4h	38.440	+0.093%	$97K	$36K	20x	as long as short
Binance MINIMAXUSDT	+0.0853%	4h	38.420	+0.041%	$6.5M	$31.3M	25x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	38.439	+0.089%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0900%	4h	38.661	+0.668%	$721	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0935%	8h	38.418	+0.036%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1268%	8h	38.490	+0.223%	$2.6M	$8.6M	20x	as long as short
edgeX MINIMAXUSDC	+0.1389%	4h	38.661	+0.667%	$29K	$183K	10x	as long as short