Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against SunX−0.050%7-day average −0.025% · you buy dearer than you sell

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.050%, 7d avg −0.025%

Together, before fees+0.079%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.025% cheaper against SunX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.025%). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.823	0	get 0.0000% / 8h	5h 56m	$1K	$902K	10x
Short	Lighter BMNR	27.809	0.0032	get 0.0004% / 1h	56m 43s	$350K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.050%Rate

Funding earned: $6.72
Price spread: −0.050% → −0.025%: −$2.5
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.78
Costs to cover: 0.080%
Break-even: 10.9 days

Slippage unknown: SunX: live order book, 56 min ago; Lighter: live order book, 63 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 SunX live order book, 56 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 63 min ago	49.54 bp	49.5 bp −$50	262.2 bp −$2,622	doesn't fit	doesn't fit

BMNR on 19 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	−0.0682%	8h	27.879	+0.201%	$2.0M	$926K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.851	+0.099%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.829	+0.022%	$52K	$634K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.829	+0.022%	$22.1M	$52.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.815	−0.029%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.860	+0.133%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.830	+0.025%	$4.2M	$9.4M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.830	+0.026%	$311K	$491K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.852	+0.105%	$5K	$177K	10x	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.823	long leg	$1K	$902K	10x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.799	−0.086%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.800	−0.083%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.800	−0.083%	$1.2M	$1.3M	10x	as long as short
Lighter BMNRshort	+0.0032%	1h	27.809	−0.050%	$350K	$53K	10x
Vest BMNR-USD-PERP	+0.0046%	1h	27.790	−0.119%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.820	−0.011%	$926K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.780	−0.155%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.820	−0.011%	$680K	$810K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.820	−0.011%	$24K	$29K	50x	as long as short