Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%

Price spread now: Variational Omni against Lighter−0.079%7-day average +0.054% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.576%+$58 · spread now −0.079%, 7d avg +0.054%

Together, before fees+0.618%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$62 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 Variational Omni is 0.133% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BMNR	27.997	0.0032	pay 0.0004% / 1h	59m 24s	$352K	$58K	10x
Short	Variational Omni BMNR	27.975	0	get 0.0000% / 8h	6h 59m	$216K	$551K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: −$6.72
Price spread: −0.079% → +0.054%: −$13.27
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.99
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 16 min ago; Variational Omni: RFQ quote, 35 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, 16 min ago	24.05 bp	25.2 bp −$25	248.1 bp −$2,481	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 35 min ago	7.67 bp	doesn't fit	32.4 bp −$324	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	−0.0084%	8h	27.982	−0.054%	$1.9M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0029%	8h	28.030	+0.118%	$213K	$68K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.979	−0.066%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.945	−0.185%	$59K	$355K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.960	−0.132%	$21.7M	$47.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.966	−0.111%	$3.3M	$1.8M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.990	−0.025%	$3.6M	$3.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.990	−0.025%	$4.1M	$7.5M	50x	as long as short
Variational Omni BMNRshort	0.0000%	8h	27.975	−0.079%	$216K	$551K	—
SunX BMNR-USDT	0.0000%	8h	27.960	−0.132%	$993	$713K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	28.038	+0.146%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.960	−0.132%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.990	−0.025%	$1.2M	$985K	10x	as long as short
Lighter BMNRlong	+0.0032%	1h	27.997	long leg	$352K	$58K	10x
Vest BMNR-USD-PERP	+0.0046%	1h	28.000	+0.011%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.980	−0.061%	$36K	$10K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.970	−0.096%	$681K	$727K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.970	−0.096%	$25K	$23K	50x	as long as short
GRVT BMNR_USDT_Perp	+0.0171%	8h	28.030	+0.119%	$6K	$173K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0320%	1h	27.978	−0.068%	$1.0M	$1.5M	10x	as long as short