Funding you earn now, next payment 06:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.064%
Price spread now: Lighter against Bitget−0.229%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.091%+$9 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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.229% cheaper against Bitget than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% 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 | Bitget MINIMAXUSDT | 37.087 | 0.0369 | pay 0.0369% / 8h | 2h 51m | $1.2M | $2.8M | 20x |
| Short | Lighter MINIMAX | 37.002 | 0.0152 | get 0.0019% / 1h | 51m 15s | $41K | $25K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$45.57
- Price spread: −0.229% → 0.000%
- −$22.92
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$80.49
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 6.62 bp | 40.2 bp −$40 | 81.9 bp −$819 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MINIMAXUSDC | −0.0548% | 4h | 37.509 | +1.138% | $28K | $183K | 10x | as long as short |
| Gate MINIMAX_USDT | 0.0000% | 8h | 37.200 | +0.305% | $1.3M | $3.3M | 50x | as long as short |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.500 | +1.114% | $307 | $127K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.100 | +0.035% | $15 | $2.2M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.193 | +0.286% | $42K | $225K | 20x | as long as short |
| Extended MINIMAX-USD | +0.0016% | 1h | 37.150 | +0.171% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0020% | 4h | 37.150 | +0.169% | $6.2M | $31.7M | 25x | as long as short |
| Bybit MINIMAXUSDT | +0.0040% | 8h | 37.200 | +0.305% | $915K | $1.1M | 25x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.156 | +0.186% | $93K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0074% | 1h | 37.220 | +0.359% | $24K | $47K | 5x | as long as short |
Show all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTM | +0.0100% | 4h | 37.040 | −0.127% | $98K | $37K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.079 | −0.021% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0144% | 8h | 37.021 | −0.177% | $33K | $45K | 20x | as long as short |
| Lighter MINIMAXshort | +0.0152% | 1h | 37.002 | −0.229% | $41K | $25K | 10x | |
| Bitget MINIMAXUSDTlong | +0.0369% | 8h | 37.087 | long leg | $1.2M | $2.8M | 20x | |
| tradeXYZ xyz:MINIMAX | +0.0946% | 1h | 37.121 | +0.092% | $4.3M | $2.9M | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.0964% | 8h | 37.260 | +0.466% | $2.7M | $8.3M | 20x | as long as short |
Bitget MINIMAXUSDT
Lighter MINIMAX
edgeX MINIMAXUSDC
Gate MINIMAX_USDT
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bybit MINIMAXUSDT
SoDEX MINIMAX-USD
KuCoin MINIMAXUSDTM
Aster MINIMAXUSDT
tradeXYZ xyz:MINIMAX
OKX MINIMAX-USDT-SWAP