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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Aster against Lighter−0.131%7-day average +0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$1961.964% of the position
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)+0.242%+$24 · spread now −0.131%, 7d avg +0.091%
Together, before fees+0.179%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$18 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 Aster is 0.221% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.091%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BMNR27.5600.0032pay 0.0004% / 1h26m 07s$344K$52K10x
ShortAster BMNRUSDT27.5240get 0.0000% / 8h1h 26m$47K$101K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
−$6.72
Price spread: −0.131% → +0.091%
−$22.13
Slippage, 4 orders
−$188.44
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$225.29
Costs to cover
1.964%
Break-even
never at this rate
Slippage from Lighter: live order book, 8 min ago; Aster: live order book, 57 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 Lighter live order book, 8 min ago35.33 bp35.3 bp −$35351.8 bp −$3,518doesn't fitdoesn't fit
Sell Aster live order book, 57 min ago51.02 bp67.5 bp −$68doesn'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−0.0802%8h27.566+0.022%$1.8M$1.3M20xas long as short
BloFin BMNR-USDT−0.0018%8h27.500−0.218%$207K$51K20xas long as short
Vest BMNR-USD-PERP−0.0004%1h27.480−0.290%$36K25xas long as short
Aster BMNRUSDTshort0.0000%8h27.524−0.131%$47K$101K20x
Extended BMNR-USD0.0000%1h27.533−0.097%$58K$348K10xas long as short
Binance BMNRUSDT0.0000%8h27.552−0.030%$21.6M$52.6M25xas long as short
Bybit BMNRUSDT0.0000%8h27.538−0.080%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.5600.000%$3.5M$4.2M20xas long as short
Gate BMNR_USDT0.0000%8h27.550−0.036%$4.1M$8.6M50xas long as short
Variational Omni BMNR0.0000%8h27.470−0.326%$213K$616Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BMNR_USDT_Perp0.0000%8h27.467−0.337%$6K$188K10xas long as short
SunX BMNR-USDT0.0000%8h27.533−0.098%$1K$850K10xas long as short
HTX BMNR-USDT0.0000%8h27.517−0.156%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.540−0.073%$1.6M$1.5M10xas long as short
QFEX BMNR-USD+0.0019%1h27.530−0.109%$1.2M$1.1M10xas long as short
Lighter BMNRlong+0.0032%1h27.560long leg$344K$52K10x
tradeXYZ xyz:BMNR+0.0050%1h27.538−0.080%$904K$1.4M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.510−0.181%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.530−0.109%$673K$724K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.460−0.363%$24K$29K50xas long as short