Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Phemex against Lighter−0.061%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1651.646% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.061%, 7d avg +0.035%
=Together, before fees−0.121%+ Points / potential airdropLighter: Season 3 · farm board−$12 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 Phemex is 0.097% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BMNR | 27.667 | 0.0032 | pay 0.0004% / 1h | 5m 22s | $348K | $52K | 10x |
| Short | Phemex BMNRUSDT | 27.650 | 0 | get 0.0000% / 8h | 3h 05m | $1.6M | $1.5M | 10x |
Lighter BMNR
Phemex BMNRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.061% → +0.035%
- −$9.68
- Slippage, 4 orders
- −$152.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$181.05
- Costs to cover
- 1.646%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 39 min ago; Phemex: live order book, 3 min ago.
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, 39 min ago | 28.38 bp | 28.4 bp −$28 | 338.9 bp −$3,389 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.62 bp | 60.6 bp −$61 | doesn't fit | 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 | −0.0664% | 8h | 27.674 | +0.025% | $1.9M | $921K | 20x | as long as short |
| BloFin BMNR-USDT | −0.0017% | 8h | 27.650 | −0.061% | $208K | $52K | 20x | as long as short |
| Aster BMNRUSDT | 0.0000% | 8h | 27.663 | −0.016% | $49K | $101K | 20x | as long as short |
| Extended BMNR-USD | 0.0000% | 1h | 27.639 | −0.102% | $57K | $455K | 10x | as long as short |
| Binance BMNRUSDT | 0.0000% | 8h | 27.650 | −0.061% | $21.8M | $52.3M | 25x | as long as short |
| Bybit BMNRUSDT | 0.0000% | 8h | 27.644 | −0.083% | $3.2M | $2.0M | 25x | as long as short |
| OKX BMNR-USDT-SWAP | 0.0000% | 8h | 27.660 | −0.025% | $3.5M | $4.1M | 20x | as long as short |
| Gate BMNR_USDT | 0.0000% | 8h | 27.650 | −0.061% | $4.1M | $9.1M | 50x | as long as short |
| Variational Omni BMNR | 0.0000% | 8h | 27.650 | −0.061% | $311K | $516K | — | as long as short |
| GRVT BMNR_USDT_Perp | 0.0000% | 8h | 27.654 | −0.047% | $6K | $188K | 10x | as long as short |
Bitget BMNRUSDT
BloFin BMNR-USDT
Aster BMNRUSDT
Extended BMNR-USD
Binance BMNRUSDT
Bybit BMNRUSDT
OKX BMNR-USDT-SWAP
Gate BMNR_USDT
Variational Omni BMNR
GRVT BMNR_USDT_PerpShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX BMNR-USDT | 0.0000% | 8h | 27.636 | −0.112% | $959 | $866K | 10x | as long as short |
| HTX BMNR-USDT | 0.0000% | 8h | 27.624 | −0.155% | $6K | $40K | 20x | as long as short |
| Phemex BMNRUSDTshort | 0.0000% | 8h | 27.650 | −0.061% | $1.6M | $1.5M | 10x | |
| QFEX BMNR-USD | +0.0012% | 1h | 27.650 | −0.061% | $1.2M | $1.1M | 10x | as long as short |
| Lighter BMNRlong | +0.0032% | 1h | 27.667 | long leg | $348K | $52K | 10x | |
| Vest BMNR-USD-PERP | +0.0040% | 1h | 27.620 | −0.170% | — | $36K | 25x | as long as short |
| tradeXYZ xyz:BMNR | +0.0050% | 1h | 27.656 | −0.040% | $910K | $1.5M | 10x | as long as short |
| Ondo Perps BMNR-USD.P | +0.0050% | 1h | 27.660 | −0.025% | $36K | $15K | 5x | as long as short |
| KuCoin BMNRUSDTM | +0.0100% | 8h | 27.630 | −0.134% | $675K | $754K | 20x | as long as short |
| ApeX Omni BMNRUSDT | +0.0100% | 1h | 27.630 | −0.134% | $24K | $29K | 50x | as long as short |
SunX BMNR-USDT
HTX BMNR-USDT
QFEX BMNR-USD
Vest BMNR-USD-PERP
tradeXYZ xyz:BMNR
Ondo Perps BMNR-USD.P
KuCoin BMNRUSDTM
ApeX Omni BMNRUSDT