Funding you earn now, next payment 08:00 UTC−0.1343%/8h= −147.1% APRpaid last 24h −0.092%
Price spread now: Lighter against edgeX−0.143%79s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Lighter is 0.143% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% 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 | edgeX MINIMAXUSDC | 36.554 | 0.1383 | pay 0.0692% / 4h | 12m 01s | $27K | $184K | 10x |
| Short | Lighter MINIMAX | 36.502 | 0.0040 | get 0.0005% / 1h | 12m 01s | $41K | $23K | 10x |
edgeX MINIMAXUSDC
Lighter MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$282.12
- Price spread: −0.143% → 0.000%
- −$14.32
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$305.45
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 25 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 edgeX live order book, 25 min ago | 13.70 bp | 26.3 bp −$26 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.560 | +0.015% | $15 | $1.3M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.543 | −0.031% | $49K | $232K | 20x | as long as short |
| Lighter MINIMAXshort | +0.0040% | 1h | 36.502 | −0.143% | $41K | $23K | 10x | |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.498 | −0.154% | $92K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 36.490 | −0.176% | $23K | $53K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.511 | −0.120% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0303% | 1h | 36.472 | −0.225% | $4.8M | $3.3M | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0351% | 8h | 36.490 | −0.176% | $924K | $923K | 25x | as long as short |
| Gate MINIMAX_USDT | +0.0417% | 8h | 36.570 | +0.043% | $1.3M | $2.9M | 50x | as long as short |
| Aster MINIMAXUSDT | +0.0583% | 8h | 36.458 | −0.264% | $32K | $6K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
tradeXYZ xyz:MINIMAX
Bybit MINIMAXUSDT
Gate MINIMAX_USDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MINIMAX_USDT_Perp | +0.0692% | 4h | 36.551 | −0.008% | $323 | $121K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0704% | 8h | 36.489 | −0.179% | $1.2M | $2.7M | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0780% | 4h | 36.500 | −0.149% | $96K | $55K | 20x | as long as short |
| Extended MINIMAX-USD | +0.0848% | 1h | 36.471 | −0.227% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0851% | 4h | 36.499 | −0.153% | $6.4M | $29.8M | 25x | as long as short |
| edgeX MINIMAXUSDClong | +0.1383% | 4h | 36.554 | long leg | $27K | $184K | 10x | |
| OKX MINIMAX-USDT-SWAP | +0.1413% | 8h | 36.520 | −0.094% | $2.8M | $7.9M | 20x | as long as short |
GRVT MINIMAX_USDT_Perp
Bitget MINIMAXUSDT
KuCoin MINIMAXUSDTM
Extended MINIMAX-USD
Binance MINIMAXUSDT
OKX MINIMAX-USDT-SWAP