Funding you earn now, next payment 20:00 UTC+0.0503%/8hpaid last 24h +0.025%
Price spread now: Binance against Lighter−0.075%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+0.088%+$9 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. Binance is 0.075% cheaper against Lighter than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.088% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment. 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 | 38.479 | 0.0032 | pay 0.0004% / 1h | 22m 31s | $50K | $23K | 10x |
| Short | Binance MINIMAXUSDT | 38.450 | 0.0535 | get 0.0267% / 4h | 22m 31s | $5.9M | $34.0M | 25x |
Lighter MINIMAX
Binance MINIMAXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $105.54
- Price spread: −0.075% → 0.000%
- −$7.54
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $88
- Costs to cover
- 0.100%
- Break-even
- 1.2 days
Slippage unknown: Lighter: no order-book sample; Binance: 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 Binance live order book, 8 min ago | 1.30 bp | 11.3 bp −$11 | 29.3 bp −$293 | 336.6 bp −$33.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MINIMAXUSDT | 0.0000% | 8h | 38.411 | −0.178% | $33K | $152K | 20x | as long as short |
| Bybit MINIMAXUSDT | 0.0000% | 8h | 38.480 | +0.003% | $928K | $1.4M | 25x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 38.480 | +0.003% | $15 | $3.8M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.480 | +0.003% | $35K | $74K | 20x | as long as short |
| Lighter MINIMAXlong | +0.0032% | 1h | 38.479 | long leg | $50K | $23K | 10x | |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.451 | −0.073% | $96K | $4K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 38.462 | −0.044% | — | — | 10x | as long as short |
| Gate MINIMAX_USDT | +0.0135% | 8h | 38.460 | −0.049% | $1.2M | $6.2M | 50x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0196% | 4h | 38.440 | −0.101% | $98K | $41K | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0426% | 4h | 38.440 | −0.101% | $106 | $132K | 10x | as long as short |
Aster MINIMAXUSDT
Bybit MINIMAXUSDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
Gate MINIMAX_USDT
KuCoin MINIMAXUSDTM
GRVT MINIMAX_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MINIMAX | +0.0507% | 1h | 38.456 | −0.060% | $4.5M | $2.9M | 10x | as long as short |
| Binance MINIMAXUSDTshort | +0.0535% | 4h | 38.450 | −0.075% | $5.9M | $34.0M | 25x | |
| Extended MINIMAX-USD | +0.0536% | 1h | 38.448 | −0.081% | $3K | — | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0568% | 8h | 38.466 | −0.034% | $1.2M | $2.6M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.0577% | 8h | 38.530 | +0.133% | $1.6M | $9.2M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0987% | 4h | 38.445 | −0.089% | $29K | $187K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.1169% | 1h | 38.460 | −0.049% | $25K | $35K | 5x | as long as short |
tradeXYZ xyz:MINIMAX
Extended MINIMAX-USD
Bitget MINIMAXUSDT
OKX MINIMAX-USDT-SWAP
edgeX MINIMAXUSDC
Ondo Perps MINIMAX-USD.P