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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 7 daysno 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MINIMAXUSDT37.0870.0369pay 0.0369% / 8h2h 51m$1.2M$2.8M20x
ShortLighter MINIMAX37.0020.0152get 0.0019% / 1h51m 15s$41K$25K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago6.62 bp40.2 bp −$4081.9 bp −$819doesn'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
edgeX MINIMAXUSDC−0.0548%4h37.509+1.138%$28K$183K10xas long as short
Gate MINIMAX_USDT0.0000%8h37.200+0.305%$1.3M$3.3M50xas long as short
GRVT MINIMAX_USDT_Perp0.0000%4h37.500+1.114%$307$127K10xas long as short
SunX MINIMAX-USDT0.0000%4h37.100+0.035%$15$2.2M10xas long as short
HTX MINIMAX-USDT0.0000%4h37.193+0.286%$42K$225K20xas long as short
Extended MINIMAX-USD+0.0016%1h37.150+0.171%$3K10xas long as short
Binance MINIMAXUSDT+0.0020%4h37.150+0.169%$6.2M$31.7M25xas long as short
Bybit MINIMAXUSDT+0.0040%8h37.200+0.305%$915K$1.1M25xas long as short
SoDEX MINIMAX-USD+0.0050%1h37.156+0.186%$93K$3K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0074%1h37.220+0.359%$24K$47K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.0100%4h37.040−0.127%$98K$37K20xas long as short
Aevo MINIMAX-PERP+0.0104%1h37.079−0.021%10xas long as short
Aster MINIMAXUSDT+0.0144%8h37.021−0.177%$33K$45K20xas long as short
Lighter MINIMAXshort+0.0152%1h37.002−0.229%$41K$25K10x
Bitget MINIMAXUSDTlong+0.0369%8h37.087long leg$1.2M$2.8M20x
tradeXYZ xyz:MINIMAX+0.0946%1h37.121+0.092%$4.3M$2.9M10xas long as short
OKX MINIMAX-USDT-SWAP+0.0964%8h37.260+0.466%$2.7M$8.3M20xas long as short