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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0741%/8h= −81.2% APRpaid last 24h −0.026%
Price spread now: Aster against Lighter+0.150%7-day average · you sell dearer than you buy
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−0.141%−$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.150% dearer against Lighter than usual: you sell high and buy low (spread +0.150% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.141% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MINIMAX38.7080.1136pay 0.0142% / 1h0m 23s$43K$26K10x
ShortAster MINIMAXUSDT38.7660.0395get 0.0395% / 8h6h 00m$34K$150K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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
−$155.68
Price spread: +0.150% → 0.000%
$15.01
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$148.66
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Lighter: no order-book sample; Aster: live order book, 1 min ago. 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 Lighter no order-book sample
Sell Aster live order book, 1 min ago30.94 bp36.6 bp −$37125.2 bp −$1,252doesn't fitdoesn't fit
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
Gate MINIMAX_USDT0.0000%8h38.710+0.005%$1.4M$4.9M50xas long as short
SunX MINIMAX-USDT0.0000%4h38.650−0.150%$15$3.0M10xas long as short
HTX MINIMAX-USDT0.0000%4h38.768+0.155%$46K$215K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h38.752+0.114%$97K$4K10xas long as short
Aster MINIMAXUSDTshort+0.0395%8h38.766+0.150%$34K$150K20x
Aevo MINIMAX-PERP+0.0432%1h38.624−0.218%10xas long as short
KuCoin MINIMAXUSDTM+0.0572%4h38.670−0.098%$98K$38K20xas long as short
edgeX MINIMAXUSDC+0.0671%4h38.417−0.751%$29K$188K10xas long as short
Lighter MINIMAXlong+0.1136%1h38.708long leg$43K$26K10x
Bybit MINIMAXUSDT+0.1198%8h38.650−0.150%$927K$1.2M25xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MINIMAXUSDT+0.1271%8h38.670−0.098%$1.3M$2.8M20xas long as short
Binance MINIMAXUSDT+0.1275%4h38.652−0.145%$6.6M$32.4M25xas long as short
Extended MINIMAX-USD+0.1288%1h38.664−0.114%$3K10xas long as short
OKX MINIMAX-USDT-SWAP+0.1361%8h38.680−0.072%$2.2M$8.6M20xas long as short
Ondo Perps MINIMAX-USD.P+0.1986%1h38.810+0.264%$30K$38K5xas long as short
tradeXYZ xyz:MINIMAX+0.2080%1h38.660−0.124%$4.5M$3.1M10xas long as short
GRVT MINIMAX_USDT_Perp+0.2170%4h38.426−0.728%$249$125K10xas long as short