Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0980%/8h= +107.3% APRpaid last 24h +0.272%

Price spread now: Ondo Perps against Aster−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Ondo Perps

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.086% cheaper against Aster than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	39.714	0.0280	pay 0.0280% / 8h	13m 43s	$34K	$152K	20x
Short	Ondo Perps MINIMAX-USD.P	39.680	0.1259	get 0.0157% / 1h	13m 43s	$30K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.086%Rate

Funding earned: $205.71
Price spread: −0.086% → 0.000%: −$8.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $184.13
Costs to cover: 0.130%
Break-even: 0.7 days

Slippage unknown: Aster: live order book, 62 min ago; Ondo Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 62 min ago	30.22 bp	261.1 bp −$261	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MINIMAX_USDT	0.0000%	8h	39.610	−0.262%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.660	−0.136%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.687	−0.068%	$38K	$71K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	39.700	−0.035%	$46K	$27K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.649	−0.164%	$100K	$4K	10x	as long as short
Aster MINIMAXUSDTlong	+0.0280%	8h	39.714	long leg	$34K	$152K	20x
tradeXYZ xyz:MINIMAX	+0.0737%	1h	39.691	−0.058%	$4.6M	$2.9M	10x	as long as short
Bybit MINIMAXUSDT	+0.0760%	8h	39.630	−0.212%	$938K	$1.4M	25x	as long as short
Aevo MINIMAX-PERP	+0.0760%	1h	39.712	−0.006%	—	—	10x	as long as short
KuCoin MINIMAXUSDTM	+0.1070%	4h	39.670	−0.111%	$100K	$44K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MINIMAXUSDC	+0.1123%	4h	39.740	+0.066%	$30K	$188K	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.1259%	1h	39.680	−0.086%	$30K	$48K	5x
Bitget MINIMAXUSDT	+0.1448%	8h	39.595	−0.300%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1470%	8h	39.590	−0.312%	$1.7M	$9.6M	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.1548%	4h	39.720	+0.015%	$278	$139K	10x	as long as short
Binance MINIMAXUSDT	+0.1599%	4h	39.622	−0.232%	$6.5M	$35.6M	25x	as long as short
Extended MINIMAX-USD	+0.1656%	1h	39.612	−0.256%	$3K	—	10x	as long as short