Settings8H · net · $10k
Funding arb · Price arb /

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Aster+0.143%7-day average −0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1781.776% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.143%, 7d avg −0.089%
Together, before fees−0.150%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.231% dearer against Aster than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BMNRUSDT28.0000get 0.0000% / 8h7h 02m$48K$101K20x
ShortLighter BMNR28.0400.0032get 0.0004% / 1h2m 38s$352K$58K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
$6.72
Price spread: +0.143% → −0.089%
$23.13
Slippage, 4 orders
−$169.6
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$147.75
Costs to cover
1.776%
Break-even
160.9 days
Slippage from Aster: live order book, 5 min ago; Lighter: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago46.43 bp56.6 bp −$57doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 13 min ago24.05 bp24.0 bp −$24265.4 bp −$2,654doesn't fitdoesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BMNRUSDT−0.0100%8h28.059+0.211%$1.9M$1.3M20xas long as short
Aster BMNRUSDTlong0.0000%8h28.000long leg$48K$101K20x
Extended BMNR-USD0.0000%1h28.028+0.101%$59K$355K10xas long as short
Binance BMNRUSDT0.0000%8h28.032+0.115%$21.8M$48.1M25xas long as short
Bybit BMNRUSDT0.0000%8h28.022+0.078%$3.3M$1.8M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h28.060+0.214%$3.6M$3.4M20xas long as short
Gate BMNR_USDT0.0000%8h28.040+0.143%$4.1M$8.2M50xas long as short
Variational Omni BMNR0.0000%8h28.100+0.358%$217K$551Kas long as short
SunX BMNR-USDT0.0000%8h28.024+0.086%$981$719K10xas long as short
HTX BMNR-USDT0.0000%8h28.047+0.168%$6K$40K20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BMNRUSDT0.0000%8h28.030+0.107%$1.6M$1.4M10xas long as short
QFEX BMNR-USD+0.0010%1h28.030+0.107%$1.2M$985K10xas long as short
BloFin BMNR-USDT+0.0010%8h28.030+0.107%$212K$68K20xas long as short
Lighter BMNRshort+0.0032%1h28.040+0.143%$352K$58K10x
Vest BMNR-USD-PERP+0.0046%1h28.010+0.036%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h28.045+0.161%$1.0M$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.0000.000%$36K$10K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h28.010+0.036%$682K$725K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h28.0000.000%$25K$23K50xas long as short
GRVT BMNR_USDT_Perp+0.0185%8h28.047+0.168%$5K$174K10xas long as short