Settings8H · net · $10k
Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.5304%/8h= −580.7% APRpaid last 24h −0.161%
Price spread now: Aster against Ondo Perps−0.043%47s7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$159 a day on $10k at the current rate, and Aster is 0.043% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MINIMAX-USD.P39.4700.5777pay 0.0722% / 1h6m 55s$30K$42K5x
ShortAster MINIMAXUSDT39.4530.0473get 0.0473% / 8h2h 06m$34K$152K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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
−$1,113.75
Price spread: −0.043% → 0.000%
−$4.27
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$1,131.02
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 14 min ago. 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 Ondo Perps no order-book sample
Sell Aster live order book, 14 min ago17.66 bp73.9 bp −$74doesn't fitdoesn't fitdoesn't fit
Ondo Perps: 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
HTX MINIMAX-USDT0.0000%4h39.527+0.144%$36K$68K20xas long as short
SunX MINIMAX-USDT+0.0032%4h39.540+0.177%$16$3.9M10xas long as short
SoDEX MINIMAX-USD+0.0050%1h39.490+0.051%$99K$4K10xas long as short
Gate MINIMAX_USDT+0.0171%8h39.540+0.177%$1.2M$6.3M50xas long as short
Aster MINIMAXUSDTshort+0.0473%8h39.453−0.043%$34K$152K20x
Aevo MINIMAX-PERP+0.0784%1h39.544+0.188%10xas long as short
Bybit MINIMAXUSDT+0.1415%8h39.510+0.101%$939K$1.4M25xas long as short
OKX MINIMAX-USDT-SWAP+0.1709%8h39.520+0.127%$1.6M$9.5M20xas long as short
Lighter MINIMAX+0.1728%1h39.533+0.160%$46K$29K10xas long as short
Bitget MINIMAXUSDT+0.1853%8h39.499+0.073%$1.2M$2.8M20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.2302%4h39.4700.000%$100K$44K20xas long as short
edgeX MINIMAXUSDC+0.2744%4h39.508+0.095%$30K$187K10xas long as short
tradeXYZ xyz:MINIMAX+0.3128%1h39.491+0.053%$4.6M$2.9M10xas long as short
Binance MINIMAXUSDT+0.3375%4h39.505+0.090%$6.3M$35.0M25xas long as short
Extended MINIMAX-USD+0.3376%1h39.500+0.077%$3K10xas long as short
GRVT MINIMAX_USDT_Perp+0.4156%4h39.513+0.108%$937$139K10xas long as short
Ondo Perps MINIMAX-USD.Plong+0.5777%1h39.470long leg$30K$42K5x