Funding you earn now, next payment 00:00 UTC−0.1689%/8h= −184.9% APRpaid last 24h −0.034%
Price spread now: Lighter against Binance+0.236%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.236% dearer against Binance than usual: you sell high and buy low (spread +0.236% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.075% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% 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 | 39.820 | 0.1753 | pay 0.0876% / 4h | 20m 20s | $6.4M | $35.5M | 25x |
| Short | Lighter MINIMAX | 39.914 | 0.0064 | get 0.0008% / 1h | 20m 20s | $46K | $27K | 10x |
Binance MINIMAXUSDT
Lighter MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$354.62
- Price spread: +0.236% → 0.000%
- $23.61
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$341.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 6 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 6 min ago | 1.25 bp | 6.3 bp −$6 | 21.9 bp −$219 | 160.0 bp −$16.0K | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 39.890 | +0.176% | $1.2M | $6.2M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.890 | +0.176% | $16 | $3.9M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.904 | +0.211% | $38K | $71K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.857 | +0.093% | $100K | $4K | 10x | as long as short |
| Lighter MINIMAXshort | +0.0064% | 1h | 39.914 | +0.236% | $46K | $27K | 10x | |
| Aster MINIMAXUSDT | +0.0287% | 8h | 39.711 | −0.273% | $34K | $152K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0776% | 1h | 39.848 | +0.070% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0796% | 8h | 39.870 | +0.126% | $943K | $1.4M | 25x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0823% | 1h | 39.835 | +0.038% | $4.6M | $2.9M | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.1208% | 4h | 39.760 | −0.151% | $100K | $44K | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
tradeXYZ xyz:MINIMAX
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MINIMAX-USD.P | +0.1325% | 1h | 39.760 | −0.151% | $30K | $48K | 5x | as long as short |
| Bitget MINIMAXUSDT | +0.1498% | 8h | 39.867 | +0.118% | $1.3M | $2.9M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1501% | 8h | 39.840 | +0.050% | $1.7M | $9.7M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1504% | 4h | 39.880 | +0.151% | $430 | $138K | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.1637% | 4h | 39.879 | +0.147% | $30K | $187K | 10x | as long as short |
| Extended MINIMAX-USD | +0.1744% | 1h | 39.862 | +0.107% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDTlong | +0.1753% | 4h | 39.820 | long leg | $6.4M | $35.5M | 25x |
Ondo Perps MINIMAX-USD.P
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
GRVT MINIMAX_USDT_Perp
edgeX MINIMAXUSDC
Extended MINIMAX-USD