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 Gate+0.062%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$890.892% 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)−0.249%−$25 · spread now +0.062%, 7d avg −0.033%
Together, before fees−0.186%+ Points / potential airdropLighter: Season 3 · farm board−$19 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 0.095% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BMNR_USDT27.5600get 0.0000% / 8h7h 38m$4.1M$7.9M50x
ShortLighter BMNR27.5770.0032get 0.0004% / 1h38m 45s$344K$53K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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: +0.062% → −0.033%
$9.51
Slippage, 4 orders
−$74.17
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
−$72.95
Costs to cover
0.892%
Break-even
83.0 days
Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 50 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 Gate live order book, 5 min ago7.25 bp18.5 bp −$1877.2 bp −$772doesn't fitdoesn't fit
Sell Lighter live order book, 50 min ago23.43 bp23.4 bp −$23362.8 bp −$3,628doesn'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−0.0304%8h27.577+0.062%$1.9M$1.3M20xas long as short
tradeXYZ xyz:BMNR−0.0125%1h27.548−0.044%$763K$1.5M10xas long as short
Aster BMNRUSDT0.0000%8h27.553−0.024%$47K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.545−0.056%$59K$363K10xas long as short
Binance BMNRUSDT0.0000%8h27.553−0.024%$21.5M$50.2M25xas long as short
Bybit BMNRUSDT0.0000%8h27.5600.000%$3.2M$1.8M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.570+0.036%$3.5M$3.7M20xas long as short
Gate BMNR_USDTlong0.0000%8h27.560long leg$4.1M$7.9M50x
Variational Omni BMNR0.0000%8h27.560+0.002%$213K$607Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.589+0.107%$5K$181K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h27.553−0.025%$1K$789K10xas long as short
HTX BMNR-USDT0.0000%8h27.581+0.076%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.550−0.036%$1.6M$1.4M10xas long as short
BloFin BMNR-USDT+0.0001%8h27.5600.000%$208K$62K20xas long as short
QFEX BMNR-USD+0.0010%1h27.570+0.036%$1.2M$993K10xas long as short
Vest BMNR-USD-PERP+0.0011%1h27.540−0.073%$36K25xas long as short
Lighter BMNRshort+0.0032%1h27.577+0.062%$344K$53K10x
Ondo Perps BMNR-USD.P+0.0050%1h27.5600.000%$36K$11K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.5600.000%$672K$709K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.5600.000%$24K$23K50xas long as short