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% APRnext payment $0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Extended against Lighter−0.052%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$750.750% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.347%+$35 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.052%, 7d avg +0.015%
Together, before fees+0.367%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.068% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.347%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BMNR27.4330.0032pay 0.0004% / 1h28m 47s$342K$53K10x
ShortExtended BMNR-USD27.4190get 0.0000% / 1h28m 47s$58K$360K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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: −0.052% → +0.015%
−$6.75
Slippage, 4 orders
−$69.99
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$88.46
Costs to cover
0.750%
Break-even
never at this rate
Slippage from Lighter: live order book, 60 min ago; Extended: live order book, 4 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 Lighter live order book, 60 min ago23.43 bp26.8 bp −$27360.7 bp −$3,607doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago4.18 bp12.1 bp −$1255.4 bp −$554doesn'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−0.0254%8h27.442+0.033%$1.8M$1.3M20xas long as short
tradeXYZ xyz:BMNR−0.0032%1h27.412−0.077%$758K$1.5M10xas long as short
Aster BMNRUSDT0.0000%8h27.419−0.050%$47K$101K20xas long as short
Extended BMNR-USDshort0.0000%1h27.419−0.052%$58K$360K10x
Binance BMNRUSDT0.0000%8h27.418−0.055%$21.3M$49.9M25xas long as short
Bybit BMNRUSDT0.0000%8h27.410−0.084%$3.2M$1.9M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.450+0.062%$3.5M$3.8M20xas long as short
Gate BMNR_USDT0.0000%8h27.440+0.026%$4.1M$8.0M50xas long as short
Variational Omni BMNR0.0000%8h27.480+0.173%$213K$607Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.485+0.189%$5K$178K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h27.438+0.018%$1K$777K10xas long as short
HTX BMNR-USDT0.0000%8h27.414−0.069%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.440+0.026%$1.6M$1.4M10xas long as short
BloFin BMNR-USDT+0.0009%8h27.410−0.084%$208K$62K20xas long as short
QFEX BMNR-USD+0.0010%1h27.410−0.084%$1.2M$996K10xas long as short
Vest BMNR-USD-PERP+0.0016%1h27.400−0.120%$36K25xas long as short
Lighter BMNRlong+0.0032%1h27.433long leg$342K$53K10x
Ondo Perps BMNR-USD.P+0.0050%1h27.640+0.755%$36K$11K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.410−0.084%$668K$715K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.480+0.171%$24K$23K50xas long as short