Funding arb · Price arb /

MINIMAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.074%

Price spread now: Lighter against Gate+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MINIMAX_USDT	39.550	0	get 0.0000% / 8h	7h 31m	$1.2M	$6.2M	50x
Short	Lighter MINIMAX	39.554	0.0032	get 0.0004% / 1h	31m 35s	$46K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: $6.72
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.27
Costs to cover: 0.150%
Break-even: 14.6 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	5.06 bp	63.0 bp −$63	236.6 bp −$2,366	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
tradeXYZ xyz:MINIMAX	−0.0507%	1h	39.548	−0.005%	$4.6M	$3.0M	10x	as long as short
edgeX MINIMAXUSDC	−0.0010%	4h	39.588	+0.095%	$30K	$188K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.530	−0.051%	$936K	$1.4M	25x	as long as short
Gate MINIMAX_USDTlong	0.0000%	8h	39.550	long leg	$1.2M	$6.2M	50x
GRVT MINIMAX_USDT_Perp	0.0000%	4h	39.540	−0.025%	$321	$133K	10x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.580	+0.076%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.589	+0.099%	$37K	$69K	20x	as long as short
Lighter MINIMAXshort	+0.0032%	1h	39.554	+0.010%	$46K	$27K	10x
SoDEX MINIMAX-USD	+0.0050%	1h	39.544	−0.015%	$99K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.530	−0.051%	$30K	$48K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0175%	8h	39.569	+0.048%	$35K	$152K	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0176%	4h	39.590	+0.101%	$100K	$43K	20x	as long as short
Binance MINIMAXUSDT	+0.0379%	4h	39.541	−0.024%	$6.5M	$35.5M	25x	as long as short
Extended MINIMAX-USD	+0.0416%	1h	39.533	−0.043%	$3K	—	10x	as long as short
Aevo MINIMAX-PERP	+0.0552%	1h	39.561	+0.028%	—	—	10x	as long as short
Bitget MINIMAXUSDT	+0.1006%	8h	39.550	0.000%	$1.2M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1159%	8h	39.560	+0.025%	$1.7M	$9.5M	20x	as long as short