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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.094%
Price spread now: edgeX against Lighter+0.291%49s7-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+0.170%+$17 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.291% dearer against Lighter than usual: you sell high and buy low, +$29 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MINIMAX36.5780.0328pay 0.0041% / 1h28m 28s$41K$25K10x
ShortedgeX MINIMAXUSDC36.6840.0334get 0.0167% / 4h1h 28m$28K$184K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$1.16
Price spread: +0.291% → 0.000%
$29.08
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$21.24
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Lighter: no order-book sample; edgeX: live order book, 13 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 edgeX live order book, 13 min ago12.26 bp33.1 bp −$33doesn'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
SunX MINIMAX-USDT0.0000%4h36.610+0.087%$15$1.9M10xas long as short
HTX MINIMAX-USDT0.0000%4h36.630+0.142%$47K$234K20xas long as short
SoDEX MINIMAX-USD+0.0050%1h36.560−0.049%$92K$3K10xas long as short
Aevo MINIMAX-PERP+0.0104%1h36.542−0.099%10xas long as short
Ondo Perps MINIMAX-USD.P+0.0236%1h36.660+0.224%$23K$51K5xas long as short
Gate MINIMAX_USDT+0.0267%8h36.600+0.060%$1.2M$3.3M50xas long as short
Lighter MINIMAXlong+0.0328%1h36.578long leg$41K$25K10x
edgeX MINIMAXUSDCshort+0.0334%4h36.684+0.291%$28K$184K10x
Bybit MINIMAXUSDT+0.0507%8h36.530−0.131%$908K$1.1M25xas long as short
tradeXYZ xyz:MINIMAX+0.0517%1h36.504−0.202%$4.5M$3.4M10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MINIMAXUSDT+0.0625%8h36.602+0.066%$33K$46K20xas long as short
Bitget MINIMAXUSDT+0.0774%8h36.524−0.148%$1.2M$2.8M20xas long as short
KuCoin MINIMAXUSDTM+0.0796%4h36.510−0.186%$96K$37K20xas long as short
Extended MINIMAX-USD+0.0968%1h36.507−0.195%$3K10xas long as short
Binance MINIMAXUSDT+0.0972%4h36.515−0.173%$6.3M$32.5M25xas long as short
GRVT MINIMAX_USDT_Perp+0.1174%4h36.706+0.351%$405$125K10xas long as short
OKX MINIMAX-USDT-SWAP+0.1428%8h36.560−0.049%$2.8M$8.4M20xas long as short