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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0868%/8h= +95.0% APRpaid last 24h +0.010%
Price spread now: Lighter against Bitget−0.004%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1371.365% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.004%, 7d avg −0.070%
Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.067% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.070%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BMNRUSDT27.699−0.0836get 0.0836% / 8h2h 04m$1.8M$1.3M20x
ShortLighter BMNR27.6980.0032get 0.0004% / 1h4m 13s$346K$56K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
$182.28
Price spread: −0.004% → −0.070%
$6.66
Slippage, 4 orders
−$124.52
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$52.42
Costs to cover
1.365%
Break-even
5.0 days
Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 35 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 Bitget live order book, 3 min ago3.43 bp28.9 bp −$2946.2 bp −$462doesn't fitdoesn't fit
Sell Lighter live order book, 35 min ago35.33 bp35.3 bp −$35313.4 bp −$3,134doesn'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 BMNRUSDTlong−0.0836%8h27.699long leg$1.8M$1.3M20x
BloFin BMNR-USDT−0.0030%8h27.710+0.040%$204K$52K20xas long as short
Vest BMNR-USD-PERP−0.0008%1h27.670−0.105%$36K25xas long as short
Aster BMNRUSDT0.0000%8h27.692−0.024%$49K$101K20xas long as short
Extended BMNR-USD0.0000%1h27.664−0.125%$57K$498K10xas long as short
Binance BMNRUSDT0.0000%8h27.676−0.083%$21.8M$53.0M25xas long as short
Bybit BMNRUSDT0.0000%8h27.684−0.054%$3.2M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h27.700+0.004%$3.5M$4.2M20xas long as short
Gate BMNR_USDT0.0000%8h27.690−0.032%$4.1M$9.0M50xas long as short
Variational Omni BMNR0.0000%8h27.700+0.004%$225K$607Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BMNR_USDT_Perp0.0000%8h27.682−0.063%$5K$189K10xas long as short
SunX BMNR-USDT0.0000%8h27.698−0.004%$1K$866K10xas long as short
HTX BMNR-USDT0.0000%8h27.698−0.004%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h27.660−0.141%$1.6M$1.5M10xas long as short
QFEX BMNR-USD+0.0013%1h27.680−0.069%$1.2M$1.1M10xas long as short
Lighter BMNRshort+0.0032%1h27.698−0.004%$346K$56K10x
tradeXYZ xyz:BMNR+0.0050%1h27.675−0.087%$910K$1.4M10xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h27.660−0.141%$36K$15K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h27.650−0.177%$675K$736K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h27.680−0.069%$24K$29K50xas long as short