Funding you earn now, next payment 03:00 UTC−0.1742%/8h= −190.7% APRpaid last 24h −0.048%
Price spread now: Lighter against GRVT−0.629%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Lighter is 0.629% cheaper against GRVT than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 -0.057% in total (about -2.9% 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 | GRVT MINIMAX_USDT_Perp | 38.770 | 0.1950 | pay 0.0975% / 4h | 1h 54m | $425 | $124K | 10x |
| Short | Lighter MINIMAX | 38.526 | 0.0208 | get 0.0026% / 1h | 54m 08s | $43K | $25K | 10x |
GRVT MINIMAX_USDT_Perp
Lighter MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- −$365.82
- Price spread: −0.629% → 0.000%
- −$62.88
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$437.7
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 3 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 GRVT live order book, 3 min ago | 5.16 bp | 21.9 bp −$22 | 79.5 bp −$795 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 38.570 | −0.515% | $1.4M | $3.9M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.560 | −0.541% | $15 | $3.0M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.494 | −0.711% | $45K | $206K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.488 | −0.727% | $97K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.760 | −0.025% | $30K | $38K | 5x | as long as short |
| Lighter MINIMAXshort | +0.0208% | 1h | 38.526 | −0.629% | $43K | $25K | 10x | |
| Aster MINIMAXUSDT | +0.0381% | 8h | 38.525 | −0.632% | $34K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0408% | 1h | 38.500 | −0.695% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0469% | 1h | 38.564 | −0.531% | $4.5M | $2.8M | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0544% | 4h | 38.500 | −0.696% | $97K | $37K | 20x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
tradeXYZ xyz:MINIMAX
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINIMAXUSDT | +0.1058% | 8h | 38.570 | −0.515% | $924K | $1.2M | 25x | as long as short |
| edgeX MINIMAXUSDC | +0.1107% | 4h | 38.782 | +0.031% | $29K | $187K | 10x | as long as short |
| Binance MINIMAXUSDT | +0.1216% | 4h | 38.565 | −0.528% | $6.4M | $32.2M | 25x | as long as short |
| Extended MINIMAX-USD | +0.1216% | 1h | 38.506 | −0.680% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.1237% | 8h | 38.571 | −0.513% | $1.3M | $2.8M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1346% | 8h | 38.640 | −0.335% | $2.2M | $8.5M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perplong | +0.1950% | 4h | 38.770 | long leg | $425 | $124K | 10x |
Bybit MINIMAXUSDT
edgeX MINIMAXUSDC
Binance MINIMAXUSDT
Extended MINIMAX-USD
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP