Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.121%

Price spread now: Aster against Binance+0.073%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$345as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$3183.178% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.275%−$28 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now +0.073%, 7d avg −0.075%

Together, before fees−0.052%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.148% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.075%): +$15 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.275% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.275% in total (about -14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MINIMAXUSDT	38.040	0.0895	pay 0.0448% / 4h	12m 07s	$6.4M	$31.1M	25x
Short	Aster MINIMAXUSDT	38.068	0.0379	get 0.0379% / 8h	4h 12m	$34K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$108.39
Price spread: +0.073% → −0.075%: $14.81
Slippage, 4 orders: −$299.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$411.33
Costs to cover: 3.178%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Aster: live order book, 44 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 Binance live order book, 14 min ago	3.93 bp	11.9 bp −$12	31.5 bp −$315	176.5 bp −$17.6K	doesn't fit
Sell Aster live order book, 44 min ago	22.11 bp	27.8 bp −$28	38.4 bp −$384	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
Gate MINIMAX_USDT	0.0000%	8h	38.100	+0.158%	$1.4M	$3.9M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	38.080	+0.105%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	38.037	−0.008%	$43K	$216K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	38.048	+0.021%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.960	−0.210%	$27K	$41K	5x	as long as short
Lighter MINIMAX	+0.0104%	1h	38.048	+0.021%	$43K	$25K	10x	as long as short
Aevo MINIMAX-PERP	+0.0152%	1h	38.049	+0.024%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.0296%	8h	38.070	+0.079%	$928K	$1.1M	25x	as long as short
Aster MINIMAXUSDTshort	+0.0379%	8h	38.068	+0.073%	$34K	$150K	20x
KuCoin MINIMAXUSDTM	+0.0538%	4h	38.040	0.000%	$100K	$39K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MINIMAX_USDT_Perp	+0.0830%	4h	38.076	+0.095%	$218	$126K	10x	as long as short
Bitget MINIMAXUSDT	+0.0854%	8h	38.062	+0.058%	$1.3M	$2.6M	20x	as long as short
tradeXYZ xyz:MINIMAX	+0.0892%	1h	38.049	+0.024%	$4.4M	$3.0M	10x	as long as short
Binance MINIMAXUSDTlong	+0.0895%	4h	38.040	long leg	$6.4M	$31.1M	25x
Extended MINIMAX-USD	+0.0896%	1h	38.032	−0.020%	$3K	—	10x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1404%	8h	38.110	+0.184%	$2.6M	$8.4M	20x	as long as short
edgeX MINIMAXUSDC	+0.1630%	4h	38.052	+0.031%	$29K	$184K	10x	as long as short