MINIMAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.140%

Price spread now: Lighter against tradeXYZ+0.162%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Lighter

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 airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.162% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.162% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MINIMAX	36.493	0.0315	pay 0.0039% / 1h	30m 58s	$4.8M	$3.3M	10x
Short	Lighter MINIMAX	36.552	0.0048	get 0.0006% / 1h	30m 58s	$41K	$23K	10x

Funding 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 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.162%Rate

Funding earned: −$56.15
Price spread: +0.162% → 0.000%: $16.17
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$57.99
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 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, 7 min ago	3.29 bp	17.4 bp −$17	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
SunX MINIMAX-USDT	0.0000%	4h	36.580	+0.238%	$15	$1.3M	10x	as long as short
HTX MINIMAX-USDT	0.0000%	4h	36.552	+0.162%	$49K	$232K	20x	as long as short
Lighter MINIMAXshort	+0.0048%	1h	36.552	+0.162%	$41K	$23K	10x
SoDEX MINIMAX-USD	+0.0050%	1h	36.540	+0.129%	$92K	$3K	10x	as long as short
Ondo Perps MINIMAX-USD.P	+0.0050%	1h	36.550	+0.156%	$23K	$52K	5x	as long as short
edgeX MINIMAXUSDC	+0.0070%	4h	36.510	+0.047%	$27K	$184K	10x	as long as short
Aevo MINIMAX-PERP	+0.0104%	1h	36.555	+0.169%	—	—	10x	as long as short
tradeXYZ xyz:MINIMAXlong	+0.0315%	1h	36.493	long leg	$4.8M	$3.3M	10x
Gate MINIMAX_USDT	+0.0367%	8h	36.590	+0.266%	$1.3M	$2.9M	50x	as long as short
Bybit MINIMAXUSDT	+0.0393%	8h	36.550	+0.156%	$920K	$962K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MINIMAXUSDT	+0.0591%	8h	36.494	+0.001%	$32K	$6K	20x	as long as short
Bitget MINIMAXUSDT	+0.0706%	8h	36.540	+0.129%	$1.2M	$2.7M	20x	as long as short
KuCoin MINIMAXUSDTM	+0.0750%	4h	36.550	+0.156%	$96K	$35K	20x	as long as short
GRVT MINIMAX_USDT_Perp	+0.0770%	4h	36.487	−0.016%	$1K	$123K	10x	as long as short
Extended MINIMAX-USD	+0.0856%	1h	36.538	+0.123%	$3K	—	10x	as long as short
Binance MINIMAXUSDT	+0.0858%	4h	36.548	+0.152%	$6.4M	$30.2M	25x	as long as short
OKX MINIMAX-USDT-SWAP	+0.1409%	8h	36.590	+0.266%	$2.8M	$8.0M	20x	as long as short