Funding arb · Price arb /

MINIMAX

RWAall MINIMAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.077%

Price spread now: Lighter against SunX−0.137%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

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

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

Funding pays, the price is against you. Lighter is 0.137% cheaper against SunX than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.137% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MINIMAX-USDT	38.730	0	get 0.0000% / 4h	1h 07m	$15	$2.6M	10x
Short	Lighter MINIMAX	38.677	0.0032	get 0.0004% / 1h	7m 54s	$43K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.137%Rate

Funding earned: $6.72
Price spread: −0.137% → 0.000%: −$13.68
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.96
Costs to cover: 0.080%
Break-even: 22.6 days

Slippage unknown: SunX: live order book, 9 min ago; Lighter: 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 SunX live order book, 9 min ago	33.33 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	38.700	−0.077%	$1.4M	$4.1M	50x	as long as short
SunX MINIMAX-USDTlong	0.0000%	4h	38.730	long leg	$15	$2.6M	10x
HTX MINIMAX-USDT	0.0000%	4h	38.573	−0.405%	$44K	$218K	20x	as long as short
Lighter MINIMAXshort	+0.0032%	1h	38.677	−0.137%	$43K	$25K	10x
SoDEX MINIMAX-USD	+0.0050%	1h	38.671	−0.152%	$97K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	38.560	−0.439%	$29K	$38K	5x	as long as short
edgeX MINIMAXUSDC	+0.0172%	4h	38.521	−0.539%	$29K	$182K	10x	as long as short
Aevo MINIMAX-PERP	+0.0256%	1h	38.677	−0.136%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAX	+0.0336%	1h	38.683	−0.121%	$4.5M	$2.9M	10x	as long as short
Aster MINIMAXUSDT	+0.0345%	8h	38.685	−0.115%	$34K	$150K	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	+0.0386%	4h	38.680	−0.129%	$98K	$36K	20x	as long as short
Bybit MINIMAXUSDT	+0.0431%	8h	38.720	−0.026%	$950K	$1.1M	25x	as long as short
Extended MINIMAX-USD	+0.0888%	1h	38.660	−0.182%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0890%	4h	38.679	−0.131%	$6.5M	$31.3M	25x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0966%	4h	38.507	−0.576%	$245	$125K	10x	as long as short
Bitget MINIMAXUSDT	+0.0970%	8h	38.688	−0.108%	$1.3M	$2.6M	20x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1254%	8h	38.800	+0.181%	$2.6M	$8.7M	20x	as long as short