Walmart offers the Quirky Crossover Xband for iPad mini, model no. PCRD1-XORG, for $7.26. Opt for in-store pickup to avoid the $4.97 shipping fee. That's the lowest price we could find by $11. It's made from silicone straps.
A close price: ANTOnline via Rakuten Shopping has it for $7.53 with free shipping.