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+0.0111%/8h= +12.2% APRnext payment +$1.11 per $10,000 · paid last 24h −0.044%
Price spread now: Aster against Bybit+0.230%7-day average −0.037% · 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−0.085%−$8 on $10k
Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.230%, 7d avg −0.037%
Together, before fees−0.236%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.266% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MINIMAXUSDT36.7000.0523pay 0.0523% / 8h1h 31m$913K$1.1M25x
ShortAster MINIMAXUSDT36.7840.0635get 0.0635% / 8h1h 31m$33K$46K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$23.39
Price spread: +0.230% → −0.037%
$26.64
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
$31.03
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Bybit: live order book, 4 min ago; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago4.09 bp44.7 bp −$45191.9 bp −$1,919doesn't fitdoesn't fit
Sell Aster no order-book sample
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%4h36.730+0.082%$15$1.9M10xas long as short
HTX MINIMAX-USDT0.0000%4h36.710+0.027%$47K$234K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h36.701+0.003%$92K$3K10xas long as short
Aevo MINIMAX-PERP+0.0104%1h36.709+0.024%10xas long as short
Gate MINIMAX_USDT+0.0258%8h36.760+0.163%$1.2M$3.3M50xas long as short
Ondo Perps MINIMAX-USD.P+0.0298%1h36.750+0.136%$23K$51K5xas long as short
Lighter MINIMAX+0.0392%1h36.716+0.044%$41K$25K10xas long as short
Bybit MINIMAXUSDTlong+0.0523%8h36.700long leg$913K$1.1M25x
tradeXYZ xyz:MINIMAX+0.0576%1h36.679−0.057%$4.5M$3.3M10xas long as short
Aster MINIMAXUSDTshort+0.0635%8h36.784+0.230%$33K$46K20x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MINIMAXUSDT+0.0786%8h36.711+0.030%$1.2M$2.8M20xas long as short
KuCoin MINIMAXUSDTM+0.0800%4h36.680−0.054%$96K$37K20xas long as short
Extended MINIMAX-USD+0.1000%1h36.671−0.078%$3K10xas long as short
Binance MINIMAXUSDT+0.1001%4h36.680−0.054%$6.4M$32.2M25xas long as short
edgeX MINIMAXUSDC+0.1165%4h36.735+0.094%$28K$183K10xas long as short
GRVT MINIMAX_USDT_Perp+0.1260%4h36.740+0.109%$406$125K10xas long as short
OKX MINIMAX-USDT-SWAP+0.1443%8h36.720+0.054%$2.8M$8.4M20xas long as short