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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h 0.000%
Price spread now: Lighter against BloFin+0.071%60s7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$740.741% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.330%−$33 on $10k
Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.071%, 7d avg −0.047%
Together, before fees−0.244%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.119% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.330%, so the current rate has only just turned in your favour. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BMNR-USDT28.0800.0019pay 0.0019% / 8h5h 06m$217K$60K20x
ShortLighter BMNR28.1000.0032get 0.0004% / 1h6m 01s$353K$58K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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
$2.76
Price spread: +0.071% → −0.047%
$11.86
Slippage, 4 orders
−$62.07
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$59.45
Costs to cover
0.741%
Break-even
157.7 days
Slippage from BloFin: live order book, 32 min ago; Lighter: live order book, 31 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 BloFin live order book, 32 min ago1.78 bp10.4 bp −$1015.9 bp −$15958.8 bp −$5,881doesn't fit
Sell Lighter live order book, 31 min ago26.52 bp26.5 bp −$27262.4 bp −$2,624doesn't fitdoesn't fit

BMNR on 20 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BMNRUSDT0.0000%8h28.096+0.056%$48K$101K20xas long as short
Extended BMNR-USD0.0000%1h28.097+0.062%$38K$369K10xas long as short
Binance BMNRUSDT0.0000%8h28.106+0.094%$21.8M$44.5M25xas long as short
Bybit BMNRUSDT0.0000%8h28.099+0.068%$3.2M$1.7M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h28.120+0.142%$3.6M$2.9M20xas long as short
Gate BMNR_USDT0.0000%8h28.100+0.071%$4.1M$7.5M50xas long as short
Bitget BMNRUSDT0.0000%8h28.113+0.118%$1.9M$1.2M20xas long as short
Variational Omni BMNR0.0000%8h28.058−0.079%$217K$391Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h28.070−0.036%$6K$161K10xas long as short
SunX BMNR-USDT0.0000%8h28.078−0.007%$955$604K10xas long as short
Show all 20 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h28.0800.000%$6K$39K20xas long as short
Phemex BMNRUSDT0.0000%8h28.090+0.036%$1.6M$1.4M10xas long as short
BloFin BMNR-USDTlong+0.0019%8h28.080long leg$217K$60K20x
Lighter BMNRshort+0.0032%1h28.100+0.071%$353K$58K10x
Vest BMNR-USD-PERP+0.0046%1h28.130+0.178%$36K25xas long as short
QFEX BMNR-USD+0.0049%1h28.090+0.036%$1.2M$1.0M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.0800.000%$36K$10K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h28.060−0.071%$683K$787K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h28.070−0.036%$25K$23K50xas long as short
tradeXYZ xyz:BMNR+0.0246%1h28.115+0.125%$1.0M$1.5M10xas long as short