MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0683%/8h= −74.8% APRnext payment −$0.85 per $10,000 · paid last 24h +0.111%

Price spread now: tradeXYZ against Lighter+0.013%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.262% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 per $10,000. 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	39.657	0.0032	pay 0.0004% / 1h	45m 21s	$46K	$27K	10x
Short	tradeXYZ xyz:MINIMAX	39.662	−0.0651	pay 0.0081% / 1h	45m 21s	$4.6M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$143.39
Price spread: +0.013% → 0.000%: $1.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$160.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 2 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 tradeXYZ live order book, 2 min ago	1.39 bp	doesn't fit	doesn't fit	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
tradeXYZ xyz:MINIMAXshort	−0.0651%	1h	39.662	+0.013%	$4.6M	$2.9M	10x
GRVT MINIMAX_USDT_Perp	−0.0268%	4h	39.630	−0.068%	$353	$136K	10x	as long as short
Bybit MINIMAXUSDT	0.0000%	8h	39.680	+0.058%	$939K	$1.4M	25x	as long as short
Gate MINIMAX_USDT	0.0000%	8h	39.670	+0.033%	$1.2M	$6.2M	50x	as long as short
SunX MINIMAX-USDT	0.0000%	4h	39.700	+0.108%	$16	$3.8M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	39.657	0.000%	$38K	$70K	20x	as long as short
Lighter MINIMAXlong	+0.0032%	1h	39.657	long leg	$46K	$27K	10x
SoDEX MINIMAX-USD	+0.0050%	1h	39.662	+0.013%	$100K	$4K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	39.490	−0.421%	$30K	$47K	5x	as long as short
Aster MINIMAXUSDT	+0.0211%	8h	39.671	+0.035%	$34K	$152K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MINIMAXUSDTM	+0.0448%	4h	39.660	+0.008%	$100K	$43K	20x	as long as short
edgeX MINIMAXUSDC	+0.0498%	4h	39.633	−0.061%	$30K	$188K	10x	as long as short
Aevo MINIMAX-PERP	+0.0624%	1h	39.658	+0.003%	—	—	10x	as long as short
Extended MINIMAX-USD	+0.0736%	1h	39.672	+0.037%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0737%	4h	39.680	+0.058%	$6.5M	$35.5M	25x	as long as short
Bitget MINIMAXUSDT	+0.1147%	8h	39.669	+0.030%	$1.3M	$2.8M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1257%	8h	39.730	+0.184%	$1.7M	$9.6M	20x	as long as short