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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0739%/8h= +80.9% APRpaid last 24h +0.060%
Price spread now: Bitget against Lighter−0.047%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−0.046%−$5 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
Funding pays, the price is against you. Bitget is 0.047% cheaper against Lighter than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$22 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 MINIMAX38.1690.0160pay 0.0020% / 1h23m 07s$43K$25K10x
ShortBitget MINIMAXUSDT38.1510.0899get 0.0899% / 8h4h 23m$1.3M$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$155.19
Price spread: −0.047% → 0.000%
−$4.72
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
$138.47
Costs to cover
0.120%
Break-even
0.8 days
Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago2.88 bp30.1 bp −$30doesn't fitdoesn'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%8h38.220+0.134%$1.4M$3.9M50xas long as short
SunX MINIMAX-USDT0.0000%4h38.150−0.050%$15$2.4M10xas long as short
HTX MINIMAX-USDT0.0000%4h38.127−0.110%$43K$218K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h38.112−0.149%$96K$3K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h38.130−0.102%$29K$38K5xas long as short
edgeX MINIMAXUSDC+0.0071%4h38.128−0.107%$29K$182K10xas long as short
Lighter MINIMAXlong+0.0160%1h38.169long leg$43K$25K10x
Aevo MINIMAX-PERP+0.0184%1h38.119−0.130%10xas long as short
Bybit MINIMAXUSDT+0.0347%8h38.160−0.024%$939K$1.1M25xas long as short
Aster MINIMAXUSDT+0.0388%8h38.092−0.201%$34K$150K20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MINIMAXUSDTM+0.0560%4h38.080−0.233%$96K$35K20xas long as short
GRVT MINIMAX_USDT_Perp+0.0862%4h38.190+0.055%$611$126K10xas long as short
Bitget MINIMAXUSDTshort+0.0899%8h38.151−0.047%$1.3M$2.6M20x
Extended MINIMAX-USD+0.0936%1h38.099−0.184%$3K10xas long as short
Binance MINIMAXUSDT+0.0939%4h38.137−0.084%$6.4M$31.2M25xas long as short
tradeXYZ xyz:MINIMAX+0.1032%1h38.153−0.042%$4.5M$2.9M10xas long as short
OKX MINIMAX-USDT-SWAP+0.1413%8h38.240+0.186%$2.6M$8.5M20xas long as short