Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter−0.141%7-day average +0.022% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on SunX

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)+0.105%+$10 · spread now −0.141%, 7d avg +0.022%

Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 SunX is 0.163% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BMNR	27.641	0.0032	pay 0.0004% / 1h	48m 23s	$348K	$52K	10x
Short	SunX BMNR-USDT	27.602	0	get 0.0000% / 8h	2h 48m	$1K	$866K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee LighterbpFee SunXbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$6.72
Price spread: −0.141% → +0.022%: −$16.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.03
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 56 min ago; SunX: live order book, 34 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 56 min ago	28.38 bp	28.4 bp −$28	338.9 bp −$3,389	doesn't fit	doesn't fit
Sell SunX live order book, 34 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BMNR on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BMNRUSDT	−0.0724%	8h	27.636	−0.018%	$1.9M	$947K	20x	as long as short
BloFin BMNR-USDT	−0.0025%	8h	27.610	−0.112%	$209K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.626	−0.055%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.608	−0.120%	$57K	$493K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.620	−0.076%	$21.8M	$52.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.609	−0.116%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.630	−0.040%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.610	−0.112%	$4.1M	$8.9M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.620	−0.075%	$297K	$514K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.621	−0.074%	$5K	$189K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDTshort	0.0000%	8h	27.602	−0.141%	$1K	$866K	10x
HTX BMNR-USDT	0.0000%	8h	27.584	−0.206%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.600	−0.148%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.620	−0.076%	$1.2M	$1.1M	10x	as long as short
Vest BMNR-USD-PERP	+0.0023%	1h	27.570	−0.257%	—	$36K	25x	as long as short
Lighter BMNRlong	+0.0032%	1h	27.641	long leg	$348K	$52K	10x
tradeXYZ xyz:BMNR	+0.0050%	1h	27.597	−0.159%	$908K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.580	−0.221%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.610	−0.112%	$674K	$747K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.610	−0.112%	$24K	$29K	50x	as long as short