Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0332%/8h= +36.3% APRpaid last 24h +0.025%

Price spread now: Aster against HTX+0.211%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$301as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$3002.997% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.910%−$91 · spread now +0.211%, 7d avg −0.063%

Together, before fees−0.920%+ Points / potential airdropAster: Stage 5 · farm board−$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Aster is 0.273% dearer against HTX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.063%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% 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	HTX MINIMAX-USDT	38.386	0	get 0.0000% / 4h	1h 36m	$44K	$218K	20x
Short	Aster MINIMAXUSDT	38.467	0.0332	get 0.0332% / 8h	5h 36m	$34K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.211%Rate

Funding earned: $69.65
Price spread: +0.211% → −0.063%: $27.35
Slippage, 4 orders: −$279.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$202.74
Costs to cover: 2.997%
Break-even: 27.4 days

Slippage from HTX: live order book, 63 min ago; Aster: live order book, 25 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 HTX live order book, 63 min ago	2.74 bp	10.8 bp −$11	40.5 bp −$405	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	30.94 bp	36.6 bp −$37	125.2 bp −$1,252	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	38.400	+0.036%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.450	+0.167%	$15	$2.7M	10x	as long as short
HTX MINIMAX-USDTlong	0.0000%	4h	38.386	long leg	$44K	$218K	20x
Lighter MINIMAX	+0.0032%	1h	38.401	+0.039%	$43K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.383	−0.008%	$96K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.190	−0.511%	$29K	$38K	5x	as long as short
tradeXYZ xyz:MINIMAX	+0.0084%	1h	38.377	−0.023%	$4.4M	$2.8M	10x	as long as short
Aster MINIMAXUSDTshort	+0.0332%	8h	38.467	+0.211%	$34K	$150K	20x
Aevo MINIMAX-PERP	+0.0336%	1h	38.405	+0.049%	—	—	10x	as long as short
edgeX MINIMAXUSDC	+0.0374%	4h	38.015	−0.967%	$29K	$183K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0424%	4h	38.390	+0.010%	$97K	$37K	20x	as long as short
Bybit MINIMAXUSDT	+0.0694%	8h	38.420	+0.089%	$916K	$1.1M	25x	as long as short
Extended MINIMAX-USD	+0.1016%	1h	38.367	−0.050%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.1016%	4h	38.355	−0.081%	$6.4M	$30.6M	25x	as long as short
Bitget MINIMAXUSDT	+0.1111%	8h	38.387	+0.003%	$1.3M	$2.5M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1254%	8h	38.390	+0.010%	$2.2M	$8.1M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1350%	4h	38.268	−0.309%	$467	$124K	10x	as long as short