Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against SunX+0.219%7-day average −0.022% · you sell dearer than you buy

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 4 days (all we have)+0.293%+$29 · spread now +0.219%, 7d avg −0.022%

Together, before fees+0.356%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.240% dearer against SunX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.903	0	get 0.0000% / 8h	6h 56m	$896	$710K	10x
Short	Lighter BMNR	27.964	0.0032	get 0.0004% / 1h	56m 44s	$351K	$58K	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 +0.219%Rate

Funding earned: $6.72
Price spread: +0.219% → −0.022%: $24.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $22.76
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 56 min ago; Lighter: live order book, 18 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	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 18 min ago	24.05 bp	24.0 bp −$24	265.4 bp −$2,654	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	−0.0075%	8h	27.964	+0.219%	$1.9M	$1.3M	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.931	+0.101%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.932	+0.105%	$59K	$355K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.940	+0.133%	$21.7M	$47.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.945	+0.151%	$3.2M	$1.8M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.950	+0.168%	$3.6M	$3.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.950	+0.168%	$4.1M	$7.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.975	+0.257%	$216K	$551K	—	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.903	long leg	$896	$710K	10x
HTX BMNR-USDT	0.0000%	8h	27.953	+0.179%	$6K	$40K	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BMNRUSDT	0.0000%	8h	27.950	+0.168%	$1.6M	$1.4M	10x	as long as short
QFEX BMNR-USD	+0.0005%	1h	27.950	+0.168%	$1.2M	$987K	10x	as long as short
BloFin BMNR-USDT	+0.0006%	8h	27.910	+0.025%	$213K	$68K	20x	as long as short
Lighter BMNRshort	+0.0032%	1h	27.964	+0.219%	$351K	$58K	10x
Vest BMNR-USD-PERP	+0.0046%	1h	27.910	+0.025%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.850	−0.190%	$36K	$10K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.920	+0.061%	$680K	$727K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.970	+0.240%	$25K	$23K	50x	as long as short
GRVT BMNR_USDT_Perp	+0.0171%	8h	28.030	+0.456%	$6K	$173K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0424%	1h	27.958	+0.197%	$1.0M	$1.5M	10x	as long as short