Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h −0.194%

Price spread now: Aster against tradeXYZ+0.128%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$443as in the Funding arb table

Net, price: spread back to 7d avg − costs−$386as in the Price arb table

costs, in and out, $10k−$4003.999% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.128%, 7d avg −0.009%

Together, before fees−0.491%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$49 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 0.137% dearer against tradeXYZ than usual: you sell high and buy low: +$14 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 −0.430%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	37.729	0.0107	pay 0.0013% / 1h	36m 59s	$4.4M	$2.9M	10x
Short	Aster MINIMAXUSDT	37.777	0.0236	get 0.0236% / 8h	3h 36m	$33K	$150K	20x

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

Position, each leg$Hold fordaysFee tradeXYZbpFee AsterbpOrdersPrice spread, now +0.128%Rate

Funding earned: $27.08
Price spread: +0.128% → −0.009%: $13.69
Slippage, 4 orders: −$373.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$359.07
Costs to cover: 3.999%
Break-even: 99.8 days

Slippage from tradeXYZ: live order book, 1 min ago; Aster: live order book, 14 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 tradeXYZ live order book, 1 min ago	1.72 bp	15.5 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 14 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	−0.0223%	4h	37.740	+0.030%	$28K	$183K	10x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	37.790	+0.162%	$1.4M	$3.8M	50x	as long as short
GRVT MINIMAX_USDT_Perp	0.0000%	4h	37.760	+0.081%	$451	$126K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	37.760	+0.082%	$15	$2.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	37.735	+0.016%	$42K	$219K	20x	as long as short
Lighter MINIMAX	+0.0032%	1h	37.735	+0.016%	$42K	$25K	10x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	37.735	+0.016%	$95K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	37.640	−0.236%	$26K	$41K	5x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	37.743	+0.037%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0107%	1h	37.729	long leg	$4.4M	$2.9M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0145%	8h	37.770	+0.109%	$927K	$1.1M	25x	as long as short
Aster MINIMAXUSDTshort	+0.0236%	8h	37.777	+0.128%	$33K	$150K	20x
KuCoin MINIMAXUSDTM	+0.0340%	4h	37.750	+0.056%	$100K	$39K	20x	as long as short
Extended MINIMAX-USD	+0.0584%	1h	37.729	+0.001%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0588%	4h	37.740	+0.029%	$6.3M	$30.9M	25x	as long as short
Bitget MINIMAXUSDT	+0.0649%	8h	37.735	+0.016%	$1.3M	$2.7M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1227%	8h	37.760	+0.082%	$2.7M	$8.3M	20x	as long as short