Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.071%

Price spread now: Aster against KuCoin+0.032%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$469as in the Funding arb table

Net, price: spread back to 7d avg − costs−$434as in the Price arb table

costs, in and out, $10k−$4394.388% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.032%, 7d avg −0.020%

Together, before fees−0.241%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.052% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MINIMAXUSDTM	39.590	0.0100	pay 0.0050% / 4h	3h 26m	$100K	$43K	20x
Short	Aster MINIMAXUSDT	39.603	0.0163	get 0.0163% / 8h	7h 26m	$35K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: $13.29
Price spread: +0.032% → −0.020%: $5.2
Slippage, 4 orders: −$418.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$420.28
Costs to cover: 4.388%
Break-even: 228.4 days

Slippage from KuCoin: live order book, 53 min ago; Aster: live order book, 44 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 KuCoin live order book, 53 min ago	17.58 bp	68.8 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 44 min ago	46.51 bp	67.3 bp −$67	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
tradeXYZ xyz:MINIMAX	−0.0570%	1h	39.566	−0.061%	$4.6M	$3.0M	10x	as long as short
GRVT MINIMAX_USDT_Perp	−0.0332%	4h	39.540	−0.126%	$393	$133K	10x	as long as short
edgeX MINIMAXUSDC	−0.0269%	4h	39.558	−0.080%	$30K	$186K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.590	0.000%	$937K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.570	−0.051%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.570	−0.051%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.594	+0.010%	$37K	$69K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.569	−0.053%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.571	−0.048%	$99K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.540	−0.126%	$30K	$48K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTMlong	+0.0100%	4h	39.590	long leg	$100K	$43K	20x
Aster MINIMAXUSDTshort	+0.0163%	8h	39.603	+0.032%	$35K	$152K	20x
Binance MINIMAXUSDT	+0.0261%	4h	39.560	−0.076%	$6.5M	$35.5M	25x	as long as short
Extended MINIMAX-USD	+0.0264%	1h	39.555	−0.088%	$3K	—	10x	as long as short
Aevo MINIMAX-PERP	+0.0512%	1h	39.556	−0.086%	—	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0956%	8h	39.553	−0.093%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1122%	8h	39.600	+0.025%	$1.7M	$9.6M	20x	as long as short