Funding you earn now, next payment 03:00 UTC+0.1766%/8h= +193.4% APRpaid last 24h +0.067%
Price spread now: GRVT against Lighter+0.758%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and GRVT is 0.758% dearer against Lighter than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% 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 | Lighter MINIMAX | 38.478 | 0.0184 | pay 0.0023% / 1h | 53m 24s | $43K | $25K | 10x |
| Short | GRVT MINIMAX_USDT_Perp | 38.770 | 0.1950 | get 0.0975% / 4h | 1h 53m | $425 | $124K | 10x |
Lighter MINIMAX
GRVT MINIMAX_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter. 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
- $370.86
- Price spread: +0.758% → 0.000%
- $75.83
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $437.69
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; GRVT: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 4 min ago | 5.16 bp | 26.0 bp −$26 | 112.8 bp −$1,128 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 38.520 | +0.109% | $1.4M | $3.9M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.560 | +0.213% | $15 | $3.0M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.494 | +0.042% | $45K | $206K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.528 | +0.130% | $97K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 38.760 | +0.733% | $30K | $38K | 5x | as long as short |
| Lighter MINIMAXlong | +0.0184% | 1h | 38.478 | long leg | $43K | $25K | 10x | |
| Aster MINIMAXUSDT | +0.0382% | 8h | 38.581 | +0.267% | $34K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0408% | 1h | 38.552 | +0.192% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0465% | 1h | 38.540 | +0.161% | $4.5M | $2.8M | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0538% | 4h | 38.520 | +0.109% | $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 | +0.1034% | 8h | 38.550 | +0.187% | $922K | $1.2M | 25x | as long as short |
| Binance MINIMAXUSDT | +0.1208% | 4h | 38.540 | +0.161% | $6.4M | $32.2M | 25x | as long as short |
| Extended MINIMAX-USD | +0.1216% | 1h | 38.510 | +0.083% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.1233% | 8h | 38.565 | +0.226% | $1.3M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1347% | 8h | 38.530 | +0.135% | $2.2M | $8.4M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.1831% | 4h | 38.490 | +0.031% | $29K | $187K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perpshort | +0.1950% | 4h | 38.770 | +0.758% | $425 | $124K | 10x |
Bybit MINIMAXUSDT
Binance MINIMAXUSDT
Extended MINIMAX-USD
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC