Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.025%

Price spread now: Aster against SunX+0.152%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$505as in the Funding arb table

Net, price: spread back to 7d avg − costs−$477as in the Price arb table

costs, in and out, $10k−$5045.040% of the position

Long on SunX 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)−0.457%−$46 · spread now +0.152%, 7d avg −0.123%

Together, before fees−0.467%+ Points / potential airdropAster: Stage 5 · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.274% dearer against SunX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	37.710	0	get 0.0000% / 4h	3h 02m	$15	$2.3M	10x
Short	Aster MINIMAXUSDT	37.767	0.0117	get 0.0117% / 8h	3h 02m	$33K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.152%Rate

Funding earned: $24.59
Price spread: +0.152% → −0.123%: $27.45
Slippage, 4 orders: −$488.02
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$451.99
Costs to cover: 5.040%
Break-even: 135.7 days

Slippage from SunX: live order book, 4 min ago; Aster: live order book, 49 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 SunX live order book, 4 min ago	31.75 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 49 min ago	60.83 bp	73.7 bp −$74	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
edgeX MINIMAXUSDC	−0.0507%	4h	37.742	+0.084%	$28K	$183K	10x	as long as short
tradeXYZ xyz:MINIMAX	−0.0016%	1h	37.714	+0.011%	$4.4M	$2.9M	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	37.750	+0.106%	$926K	$1.0M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	37.750	+0.106%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.730	+0.054%	$355	$125K	10x	as long as short
SunX MINIMAX-USDTlong	0.0000%	4h	37.710	long leg	$15	$2.3M	10x
HTX MINIMAX-USDT	0.0000%	4h	37.731	+0.056%	$42K	$224K	20x	as long as short
Extended MINIMAX-USD	+0.0016%	1h	37.707	−0.007%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0016%	4h	37.710	0.000%	$6.3M	$30.9M	25x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.713	+0.008%	$42K	$25K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MINIMAX-USD.P	+0.0045%	1h	37.700	−0.027%	$26K	$42K	5x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.697	−0.034%	$95K	$3K	10x	as long as short
KuCoin MINIMAXUSDTM	+0.0100%	4h	37.720	+0.027%	$100K	$38K	20x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.731	+0.055%	—	—	10x	as long as short
Aster MINIMAXUSDTshort	+0.0117%	8h	37.767	+0.152%	$33K	$150K	20x
Bitget MINIMAXUSDT	+0.0361%	8h	37.741	+0.082%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.0970%	8h	37.710	0.000%	$2.7M	$8.3M	20x	as long as short