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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%
Price spread now: Lighter against QFEX+0.054%52s7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1071.073% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.017%+$2 on $10k
Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.054%, 7d avg −0.048%
Together, before fees−0.121%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.102% dearer against QFEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX BMNR-USD27.7700.0018pay 0.0002% / 1h14m 46s$1.2M$1.1M10x
ShortLighter BMNR27.7850.0032get 0.0004% / 1h14m 46s$349K$53K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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
$2.99
Price spread: +0.054% → −0.048%
$10.25
Slippage, 4 orders
−$97.3
Fee QFEX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$94.06
Costs to cover
1.073%
Break-even
227.2 days
Slippage from QFEX: live order book, 1 min ago; Lighter: live order book, 35 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 QFEX live order book, 1 min ago3.60 bp8.6 bp −$913.0 bp −$130doesn't fitdoesn't fit
Sell Lighter live order book, 35 min ago43.25 bp43.3 bp −$43249.3 bp −$2,493doesn'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−0.0719%8h27.805+0.126%$1.9M$932K20xas long as short
BloFin BMNR-USDT−0.0004%8h27.760−0.036%$209K$52K20xas long as short
Aster BMNRUSDT0.0000%8h27.755−0.053%$49K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.781+0.038%$53K$625K10xas long as short
Binance BMNRUSDT0.0000%8h27.780+0.036%$22.0M$52.7M25xas long as short
Bybit BMNRUSDT0.0000%8h27.7700.000%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.790+0.072%$3.5M$4.2M20xas long as short
Gate BMNR_USDT0.0000%8h27.780+0.036%$4.2M$9.3M50xas long as short
Variational Omni BMNR0.0000%8h27.760−0.035%$324K$504Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.775+0.017%$6K$183K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h27.775+0.018%$1K$886K10xas long as short
HTX BMNR-USDT0.0000%8h27.811+0.148%$5K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.780+0.036%$1.6M$1.5M10xas long as short
QFEX BMNR-USDlong+0.0018%1h27.770long leg$1.2M$1.1M10x
Lighter BMNRshort+0.0032%1h27.785+0.054%$349K$53K10x
Vest BMNR-USD-PERP+0.0046%1h27.750−0.072%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h27.763−0.025%$915K$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.760−0.036%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.760−0.036%$678K$772K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.760−0.036%$24K$29K50xas long as short