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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.136%
Price spread now: tradeXYZ against Lighter−0.068%7-day average +0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.838%+$84 on $10k
Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.068%, 7d avg +0.051%
Together, before fees+0.924%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$92 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.120% cheaper against Lighter than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.051%). If the spread goes back, that is −$12 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.838% in total) that is about 24 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BMNR27.7920.0032pay 0.0004% / 1h41m 25s$350K$52K10x
ShorttradeXYZ xyz:BMNR27.7730.0050get 0.0006% / 1h41m 25s$916K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
$3.78
Price spread: −0.068% → +0.051%
−$11.98
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$26.2
Costs to cover
0.180%
Break-even
55.5 days
Slippage unknown: Lighter: live order book, 3 min ago; tradeXYZ: live order book, 6 min ago. Net counts fees only.

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, 3 min ago28.38 bp28.4 bp −$28338.9 bp −$3,389doesn't fitdoesn't fit
Sell tradeXYZ live order book, 6 min ago0.90 bpdoesn't fitdoesn't fitdoesn'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−0.0598%8h27.7920.000%$1.9M$921K20xas long as short
Aster BMNRUSDT0.0000%8h27.766−0.093%$49K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.759−0.119%$52K$619K10xas long as short
Binance BMNRUSDT0.0000%8h27.775−0.060%$22.0M$52.2M25xas long as short
Bybit BMNRUSDT0.0000%8h27.765−0.097%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.780−0.043%$3.5M$4.2M20xas long as short
Gate BMNR_USDT0.0000%8h27.780−0.043%$4.2M$9.0M50xas long as short
Variational Omni BMNR0.0000%8h27.820+0.101%$324K$504Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.810+0.064%$5K$185K10xas long as short
SunX BMNR-USDT0.0000%8h27.829+0.133%$1K$871K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h27.768−0.086%$5K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.770−0.079%$1.6M$1.5M10xas long as short
QFEX BMNR-USD+0.0012%1h27.760−0.115%$1.2M$1.1M10xas long as short
BloFin BMNR-USDT+0.0019%8h27.810+0.065%$209K$52K20xas long as short
Lighter BMNRlong+0.0032%1h27.792long leg$350K$52K10x
Vest BMNR-USD-PERP+0.0046%1h27.760−0.115%$36K25xas long as short
tradeXYZ xyz:BMNRshort+0.0050%1h27.773−0.068%$916K$1.5M10x
Ondo Perps BMNR-USD.P+0.0050%1h27.740−0.187%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.770−0.079%$678K$764K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.820+0.101%$24K$29K50xas long as short