MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0259%/8h= +28.3% APRnext payment +$0.32 per $10,000 · paid last 24h +0.140%

Price spread now: tradeXYZ against Lighter−0.093%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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.312%+$31 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

Funding pays, the price is against you. tradeXYZ is 0.093% cheaper against Lighter than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 29 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MINIMAX	36.539	0.0056	pay 0.0007% / 1h	30m 41s	$41K	$23K	10x
Short	tradeXYZ xyz:MINIMAX	36.505	0.0315	get 0.0039% / 1h	30m 41s	$4.8M	$3.3M	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 −0.093%Rate

Funding earned: $54.34
Price spread: −0.093% → 0.000%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $27.03
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: Lighter: no order-book sample; tradeXYZ: live order book, 8 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, 8 min ago	3.29 bp	13.1 bp −$13	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
SunX MINIMAX-USDT	0.0000%	4h	36.580	+0.112%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.552	+0.036%	$49K	$232K	20x	as long as short
SoDEX MINIMAX-USD	+0.0050%	1h	36.540	+0.003%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.550	+0.030%	$23K	$52K	5x	as long as short
Lighter MINIMAXlong	+0.0056%	1h	36.539	long leg	$41K	$23K	10x
edgeX MINIMAXUSDC	+0.0070%	4h	36.510	−0.079%	$27K	$184K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.555	+0.043%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXshort	+0.0315%	1h	36.505	−0.093%	$4.8M	$3.3M	10x
Gate MINIMAX_USDT	+0.0370%	8h	36.590	+0.140%	$1.3M	$2.9M	50x	as long as short
Aster MINIMAXUSDT	+0.0590%	8h	36.490	−0.133%	$32K	$6K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MINIMAXUSDT	+0.0676%	8h	36.550	+0.030%	$920K	$962K	25x	as long as short
Bitget MINIMAXUSDT	+0.0705%	8h	36.544	+0.014%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0752%	4h	36.540	+0.003%	$96K	$36K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0770%	4h	36.487	−0.142%	$1K	$123K	10x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.535	−0.011%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0856%	4h	36.540	+0.003%	$6.4M	$30.2M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1409%	8h	36.590	+0.140%	$2.8M	$7.9M	20x	as long as short