Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.010%

Price spread now: SoDEX against Aster−0.119%55s7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.119% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MINIMAXUSDT	37.807	0.0245	pay 0.0245% / 8h	3h 39m	$34K	$150K	20x
Short	SoDEX MINIMAX-USD	37.762	0.0050	get 0.0006% / 1h	39m 27s	$95K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$40.95
Price spread: −0.119% → 0.000%: −$11.94
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$68.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 12 min ago; SoDEX: 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, 12 min ago	60.83 bp	295.0 bp −$295	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	37.810	+0.008%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.790	−0.045%	$451	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.770	−0.098%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.765	−0.111%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.767	−0.106%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USDshort	+0.0050%	1h	37.762	−0.119%	$95K	$3K	10x
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.640	−0.442%	$26K	$41K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.788	−0.051%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0156%	8h	37.790	−0.045%	$928K	$1.1M	25x	as long as short
edgeX MINIMAXUSDC	+0.0225%	4h	37.762	−0.119%	$28K	$182K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.0240%	1h	37.766	−0.109%	$4.4M	$2.9M	10x	as long as short
Aster MINIMAXUSDTlong	+0.0245%	8h	37.807	long leg	$34K	$150K	20x
KuCoin MINIMAXUSDTM	+0.0374%	4h	37.780	−0.072%	$100K	$39K	20x	as long as short
Binance MINIMAXUSDT	+0.0618%	4h	37.750	−0.151%	$6.3M	$30.9M	25x	as long as short
Extended MINIMAX-USD	+0.0640%	1h	37.741	−0.175%	$3K	—	10x	as long as short
Bitget MINIMAXUSDT	+0.0669%	8h	37.748	−0.156%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1243%	8h	37.770	−0.098%	$2.6M	$8.3M	20x	as long as short