Settings8H · net · $10k
Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h +0.026%
Price spread now: Lighter against Aster+0.067%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.141%+$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.067% dearer against Aster than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MINIMAXUSDT39.6220.0184pay 0.0184% / 8h7h 35m$35K$152K20x
ShortLighter MINIMAX39.6490.0032get 0.0004% / 1h35m 31s$46K$27K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$31.94
Price spread: +0.067% → 0.000%
$6.7
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$33.24
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 36 min ago; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 36 min ago46.51 bp266.3 bp −$266doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:MINIMAX−0.0377%1h39.652+0.075%$4.7M$3.0M10xas long as short
Bybit MINIMAXUSDT0.0000%8h39.670+0.120%$939K$1.4M25xas long as short
Gate MINIMAX_USDT0.0000%8h39.660+0.095%$1.2M$6.2M50xas long as short
GRVT MINIMAX_USDT_Perp0.0000%4h39.640+0.045%$333$133K10xas long as short
SunX MINIMAX-USDT0.0000%4h39.680+0.145%$16$3.8M10xas long as short
HTX MINIMAX-USDT0.0000%4h39.629+0.017%$37K$69K20xas long as short
Lighter MINIMAXshort+0.0032%1h39.649+0.067%$46K$27K10x
SoDEX MINIMAX-USD+0.0050%1h39.660+0.095%$100K$4K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h39.520−0.259%$30K$47K5xas long as short
Aster MINIMAXUSDTlong+0.0184%8h39.622long leg$35K$152K20x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.0286%4h39.650+0.070%$100K$43K20xas long as short
Binance MINIMAXUSDT+0.0523%4h39.670+0.120%$6.5M$35.5M25xas long as short
Extended MINIMAX-USD+0.0552%1h39.652+0.074%$3K10xas long as short
edgeX MINIMAXUSDC+0.0573%4h39.612−0.026%$30K$187K10xas long as short
Aevo MINIMAX-PERP+0.0584%1h39.652+0.074%10xas long as short
Bitget MINIMAXUSDT+0.1070%8h39.656+0.085%$1.3M$2.8M20xas long as short
OKX MINIMAX-USDT-SWAP+0.1199%8h39.700+0.196%$1.7M$9.6M20xas long as short