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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.193%
Price spread now: Aster against tradeXYZ+0.308%7-day average −0.009% · you sell dearer than you buy
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 7 days−0.504%−$50 on $10k
Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.308%, 7d avg −0.009%
Together, before fees−0.708%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$71 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 0.317% dearer against tradeXYZ than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.504%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MINIMAX36.4920.0474pay 0.0059% / 1h25m 58s$4.5M$3.4M10x
ShortAster MINIMAXUSDT36.6040.0622get 0.0622% / 8h1h 25m$33K$46K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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
$30.92
Price spread: +0.308% → −0.009%
$31.67
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Aster: 4 bp × 2 orders
−$8
Net
$36.59
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: tradeXYZ: live order book, 2 min ago; Aster: no order-book sample. 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 tradeXYZ live order book, 2 min ago2.05 bp15.0 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: 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
SunX MINIMAX-USDT0.0000%4h36.580+0.241%$15$1.9M10xas long as short
HTX MINIMAX-USDT0.0000%4h36.556+0.175%$47K$234K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h36.534+0.115%$92K$3K10xas long as short
edgeX MINIMAXUSDC+0.0064%4h36.600+0.295%$28K$182K10xas long as short
Aevo MINIMAX-PERP+0.0104%1h36.537+0.122%10xas long as short
Ondo Perps MINIMAX-USD.P+0.0210%1h36.540+0.132%$23K$51K5xas long as short
Gate MINIMAX_USDT+0.0270%8h36.620+0.351%$1.3M$3.4M50xas long as short
Lighter MINIMAX+0.0288%1h36.551+0.162%$41K$25K10xas long as short
tradeXYZ xyz:MINIMAXlong+0.0474%1h36.492long leg$4.5M$3.4M10x
Bybit MINIMAXUSDT+0.0497%8h36.540+0.132%$912K$1.1M25xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MINIMAXUSDTshort+0.0622%8h36.604+0.308%$33K$46K20x
Bitget MINIMAXUSDT+0.0768%8h36.524+0.088%$1.2M$2.8M20xas long as short
KuCoin MINIMAXUSDTM+0.0786%4h36.540+0.132%$96K$37K20xas long as short
Binance MINIMAXUSDT+0.0959%4h36.535+0.118%$6.3M$32.5M25xas long as short
Extended MINIMAX-USD+0.0960%1h36.511+0.052%$3K10xas long as short
GRVT MINIMAX_USDT_Perp+0.1174%4h36.706+0.587%$405$125K10xas long as short
OKX MINIMAX-USDT-SWAP+0.1422%8h36.600+0.296%$2.8M$8.5M20xas long as short