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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h +0.026%
Price spread now: Extended against Lighter−0.107%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$800.804% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.347%+$35 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.107%, 7d avg +0.018%
Together, before fees+0.421%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$42 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 Extended is 0.124% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.347%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter BMNR27.7650.0032pay 0.0004% / 1h46m 34s$349K$53K10x
ShortExtended BMNR-USD27.7350get 0.0000% / 1h46m 34s$52K$634K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.107% → +0.018%
−$12.44
Slippage, 4 orders
−$75.43
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.59
Costs to cover
0.804%
Break-even
never at this rate
Slippage from Lighter: live order book, 8 min ago; Extended: live order book, 16 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 ago27.33 bp27.3 bp −$27359.5 bp −$3,595doesn't fitdoesn't fit
Sell Extended live order book, 16 min ago4.31 bp13.1 bp −$1394.7 bp −$947doesn'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−0.0760%8h27.777+0.043%$1.9M$929K20xas long as short
Aster BMNRUSDT0.0000%8h27.778+0.045%$50K$100K20xas long as short
Extended BMNR-USDshort0.0000%1h27.735−0.107%$52K$634K10x
Binance BMNRUSDT0.0000%8h27.750−0.054%$22.0M$52.7M25xas long as short
Bybit BMNRUSDT0.0000%8h27.743−0.079%$3.2M$1.9M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.750−0.054%$3.6M$4.3M20xas long as short
Gate BMNR_USDT0.0000%8h27.760−0.018%$4.2M$9.5M50xas long as short
Variational Omni BMNR0.0000%8h27.820+0.197%$317K$497Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h27.825+0.215%$6K$175K10xas long as short
SunX BMNR-USDT0.0000%8h27.783+0.065%$1K$892K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BMNR-USDT0.0000%8h27.740−0.090%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.750−0.054%$1.6M$1.5M10xas long as short
QFEX BMNR-USD+0.0012%1h27.740−0.090%$1.2M$1.2M10xas long as short
BloFin BMNR-USDT+0.0025%8h27.780+0.054%$61K20xas long as short
Lighter BMNRlong+0.0032%1h27.765long leg$349K$53K10x
Vest BMNR-USD-PERP+0.0046%1h27.750−0.054%$36K25xas long as short
tradeXYZ xyz:BMNR+0.0050%1h27.743−0.079%$924K$1.5M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.780+0.054%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.740−0.090%$678K$807K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.800+0.126%$24K$29K50xas long as short