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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.039%
Price spread now: OKX against Lighter+0.106%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$990.992% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.243%+$24 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.106%, 7d avg +0.080%
Together, before fees+0.215%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.025% dearer against Lighter than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.080%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.243%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BMNR27.4610.0032pay 0.0004% / 1h28m 25s$343K$52K10x
ShortOKX BMNR-USDT-SWAP27.4900get 0.0000% / 8h1h 28m$3.5M$4.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.106% → +0.080%
$2.53
Slippage, 4 orders
−$89.17
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$103.35
Costs to cover
0.992%
Break-even
never at this rate
Slippage from Lighter: live order book, 6 min ago; OKX: 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, 6 min ago35.33 bp35.3 bp −$35351.8 bp −$3,518doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.82 bp16.9 bp −$1757.1 bp −$571doesn'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−0.0810%8h27.499+0.138%$1.8M$1.3M20xas long as short
Vest BMNR-USD-PERP−0.0005%1h27.430−0.113%$36K25xas long as short
Aster BMNRUSDT0.0000%8h27.477+0.060%$47K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.474+0.046%$61K$345K10xas long as short
Binance BMNRUSDT0.0000%8h27.480+0.069%$21.6M$52.6M25xas long as short
Bybit BMNRUSDT0.0000%8h27.489+0.102%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAPshort0.0000%8h27.490+0.106%$3.5M$4.2M20x
Gate BMNR_USDT0.0000%8h27.490+0.106%$4.1M$8.6M50xas long as short
Variational Omni BMNR0.0000%8h27.470+0.033%$213K$616Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.467+0.023%$6K$188K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h27.488+0.098%$1K$851K10xas long as short
HTX BMNR-USDT0.0000%8h27.479+0.066%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.470+0.033%$1.6M$1.5M10xas long as short
BloFin BMNR-USDT+0.0010%8h27.470+0.033%$207K$51K20xas long as short
QFEX BMNR-USD+0.0019%1h27.470+0.033%$1.2M$1.1M10xas long as short
Lighter BMNRlong+0.0032%1h27.461long leg$343K$52K10x
tradeXYZ xyz:BMNR+0.0050%1h27.459−0.007%$901K$1.4M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.440−0.076%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.480+0.069%$671K$725K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.450−0.040%$24K$29K50xas long as short