Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0649%/8h= −71.1% APRpaid last 24h −0.165%

Price spread now: Aster against Extended−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aster is 0.034% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MINIMAX-USD	38.219	0.0968	pay 0.0121% / 1h	32m 39s	$3K	—	10x
Short	Aster MINIMAXUSDT	38.206	0.0319	get 0.0319% / 8h	5h 32m	$34K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$136.29
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$152.7
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Aster: live order book, 29 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell Aster live order book, 29 min ago	30.94 bp	36.6 bp −$37	125.2 bp −$1,252	doesn't fit	doesn't fit

Extended: 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
Gate MINIMAX_USDT	0.0000%	8h	38.240	+0.055%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.280	+0.159%	$15	$2.7M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.227	+0.021%	$44K	$218K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	38.226	+0.018%	$43K	$25K	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0050%	1h	38.220	+0.002%	$4.4M	$2.9M	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.220	+0.002%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.150	−0.181%	$29K	$38K	5x	as long as short
Aster MINIMAXUSDTshort	+0.0319%	8h	38.206	−0.034%	$34K	$150K	20x
Aevo MINIMAX-PERP	+0.0320%	1h	38.216	−0.009%	—	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0398%	4h	38.230	+0.029%	$97K	$36K	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	+0.0630%	8h	38.260	+0.107%	$911K	$1.1M	25x	as long as short
Binance MINIMAXUSDT	+0.0952%	4h	38.230	+0.029%	$6.4M	$30.4M	25x	as long as short
Extended MINIMAX-USDlong	+0.0968%	1h	38.219	long leg	$3K	—	10x
Bitget MINIMAXUSDT	+0.1074%	8h	38.241	+0.057%	$1.3M	$2.5M	20x	as long as short
edgeX MINIMAXUSDC	+0.1151%	4h	38.289	+0.183%	$29K	$184K	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1220%	4h	38.261	+0.109%	$467	$124K	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1234%	8h	38.290	+0.185%	$2.2M	$8.1M	20x	as long as short