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

MINIMAX

RWAall MINIMAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.081%
Price spread now: SunX against Lighter+0.057%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−0.179%−$18 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
The price spread pays, funding is against you. SunX is 0.057% dearer against Lighter than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.179% in total) that is about 2.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MINIMAX36.5590.0032pay 0.0004% / 1h25m 23s$41K$23K10x
ShortSunX MINIMAX-USDT36.5800get 0.0000% / 4h25m 23s$15$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$6.72
Price spread: +0.057% → 0.000%
$5.74
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$8.98
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago31.41 bp90.5 bp −$91doesn'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-USDTshort0.0000%4h36.580+0.057%$15$1.3M10x
HTX MINIMAX-USDT0.0000%4h36.571+0.033%$49K$232K20xas long as short
edgeX MINIMAXUSDC+0.0015%4h36.563+0.012%$27K$183K10xas long as short
Lighter MINIMAXlong+0.0032%1h36.559long leg$41K$23K10x
SoDEX MINIMAX-USD+0.0050%1h36.529−0.082%$92K$3K10xas long as short
Ondo Perps MINIMAX-USD.P+0.0050%1h36.560+0.003%$23K$52K5xas long as short
Aevo MINIMAX-PERP+0.0104%1h36.551−0.021%10xas long as short
tradeXYZ xyz:MINIMAX+0.0315%1h36.512−0.129%$4.8M$3.3M10xas long as short
Gate MINIMAX_USDT+0.0380%8h36.580+0.057%$1.3M$2.9M50xas long as short
Bybit MINIMAXUSDT+0.0388%8h36.570+0.030%$921K$951K25xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MINIMAXUSDT+0.0591%8h36.488−0.195%$32K$6K20xas long as short
Bitget MINIMAXUSDT+0.0706%8h36.523−0.098%$1.2M$2.7M20xas long as short
GRVT MINIMAX_USDT_Perp+0.0746%4h36.550−0.025%$880$120K10xas long as short
KuCoin MINIMAXUSDTM+0.0754%4h36.540−0.052%$96K$41K20xas long as short
Extended MINIMAX-USD+0.0856%1h36.534−0.069%$3K10xas long as short
Binance MINIMAXUSDT+0.0859%4h36.540−0.052%$6.4M$30.1M25xas long as short
OKX MINIMAX-USDT-SWAP+0.1412%8h36.560+0.003%$2.8M$7.9M20xas long as short