MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.3226%/8h= +353.2% APRnext payment +$4.03 per $10,000 · paid last 24h +0.194%

Price spread now: Ondo Perps against Lighter−0.217%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.217% cheaper against Lighter than usual: you would sell low and buy high (spread −0.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 5 hours of funding at the current rate (+$97 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MINIMAX	39.666	0.0760	pay 0.0095% / 1h	45m 12s	$46K	$27K	10x
Short	Ondo Perps MINIMAX-USD.P	39.580	0.3986	get 0.0498% / 1h	45m 12s	$30K	$42K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Position, each leg$Hold fordaysFee LighterbpFee Ondo PerpsbpOrdersPrice spread, now −0.217%Rate

Funding earned: $677.38
Price spread: −0.217% → 0.000%: −$21.68
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $650.69
Costs to cover: 0.050%
Break-even: 0.3 days

Slippage unknown: Lighter: no order-book sample; Ondo Perps: 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 Lighter no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Lighter and Ondo Perps: 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
SunX MINIMAX-USDT	0.0000%	4h	39.680	+0.035%	$16	$3.9M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.632	−0.086%	$37K	$70K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	39.628	−0.096%	$99K	$4K	10x	as long as short
Gate MINIMAX_USDT	+0.0114%	8h	39.680	+0.035%	$1.2M	$6.3M	50x	as long as short
Aster MINIMAXUSDT	+0.0427%	8h	39.546	−0.302%	$34K	$152K	20x	as long as short
Lighter MINIMAXlong	+0.0760%	1h	39.666	long leg	$46K	$27K	10x
Aevo MINIMAX-PERP	+0.0888%	1h	39.673	+0.018%	—	—	10x	as long as short
Bybit MINIMAXUSDT	+0.1274%	8h	39.640	−0.066%	$938K	$1.4M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1763%	8h	39.670	+0.010%	$1.6M	$9.5M	20x	as long as short
Bitget MINIMAXUSDT	+0.1846%	8h	39.624	−0.106%	$1.3M	$2.8M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:MINIMAX	+0.1873%	1h	39.626	−0.101%	$4.6M	$2.9M	10x	as long as short
KuCoin MINIMAXUSDTM	+0.2254%	4h	39.590	−0.192%	$100K	$44K	20x	as long as short
Binance MINIMAXUSDT	+0.3228%	4h	39.635	−0.078%	$6.3M	$35.0M	25x	as long as short
Extended MINIMAX-USD	+0.3232%	1h	39.624	−0.105%	$3K	—	10x	as long as short
GRVT MINIMAX_USDT_Perp	+0.3416%	4h	39.630	−0.091%	$162	$139K	10x	as long as short
Ondo Perps MINIMAX-USD.Pshort	+0.3986%	1h	39.580	−0.217%	$30K	$42K	5x
edgeX MINIMAXUSDC	+0.4199%	4h	39.612	−0.135%	$30K	$188K	10x	as long as short