Funding you earn now, next payment 06:00 UTC−0.0729%/8h= −79.9% APRnext payment −$0.91 per $10,000 · paid last 24h −0.131%
Price spread now: Lighter against tradeXYZ−0.032%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.296%−$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Lighter is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.91 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 | tradeXYZ xyz:MINIMAX | 37.020 | 0.1025 | pay 0.0128% / 1h | 45m 45s | $4.3M | $3.0M | 10x |
| Short | Lighter MINIMAX | 37.008 | 0.0296 | get 0.0037% / 1h | 45m 45s | $41K | $25K | 10x |
tradeXYZ xyz:MINIMAX
Lighter MINIMAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$153.18
- Price spread: −0.032% → 0.000%
- −$3.24
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$174.42
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago | 0.54 bp | 15.2 bp −$15 | 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 | 37.090 | +0.189% | $1.2M | $3.4M | 50x | as long as short |
| GRVT MINIMAX_USDT_Perp | 0.0000% | 4h | 37.175 | +0.419% | $304 | $127K | 10x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.970 | −0.135% | $15 | $2.2M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.949 | −0.192% | $41K | $225K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.934 | −0.232% | $93K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0074% | 1h | 37.130 | +0.297% | $24K | $47K | 5x | as long as short |
| Extended MINIMAX-USD | +0.0088% | 1h | 37.012 | −0.022% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0091% | 4h | 37.081 | +0.165% | $6.2M | $31.9M | 25x | as long as short |
| Bybit MINIMAXUSDT | +0.0096% | 8h | 37.080 | +0.162% | $910K | $1.1M | 25x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0100% | 4h | 36.860 | −0.432% | $97K | $37K | 20x | as long as short |
Gate MINIMAX_USDT
GRVT MINIMAX_USDT_Perp
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Extended MINIMAX-USD
Binance MINIMAXUSDT
Bybit MINIMAXUSDT
KuCoin MINIMAXUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.892 | −0.346% | — | — | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0188% | 8h | 36.980 | −0.108% | $33K | $45K | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0296% | 4h | 37.131 | +0.299% | $28K | $183K | 10x | as long as short |
| Lighter MINIMAXshort | +0.0296% | 1h | 37.008 | −0.032% | $41K | $25K | 10x | |
| Bitget MINIMAXUSDT | +0.0393% | 8h | 37.068 | +0.130% | $1.2M | $2.8M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1013% | 8h | 37.160 | +0.378% | $2.7M | $8.2M | 20x | as long as short |
| tradeXYZ xyz:MINIMAXlong | +0.1025% | 1h | 37.020 | long leg | $4.3M | $3.0M | 10x |
Aevo MINIMAX-PERP
Aster MINIMAXUSDT
edgeX MINIMAXUSDC
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP