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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0032%/8hpaid last 24h −0.020%
Price spread now: Lighter against Bybit+0.064%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$900.902% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.064%, 7d avg −0.040%
Together, before fees−0.208%+ Points / potential airdropLighter: Season 3 · farm board−$21 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 0.104% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BMNRUSDT28.1920get 0.0000% / 8h4h 22m$3.4M$2.0M25x
ShortLighter BMNR28.2100.0032get 0.0004% / 1h22m 05s$336K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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: +0.064% → −0.040%
$10.37
Slippage, 4 orders
−$79.21
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Lighter: 0 bp × 2 orders
$0
Net
−$73.12
Costs to cover
0.902%
Break-even
83.2 days
Slippage from Bybit: live order book, 9 min ago; Lighter: live order book, 5 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 Bybit live order book, 9 min ago1.95 bp16.0 bp −$1666.7 bp −$667doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago28.98 bp29.0 bp −$2962.8 bp −$628doesn'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
BloFin BMNR-USDT−0.0011%8h28.280+0.312%$214K$55K20xas long as short
Aster BMNRUSDT0.0000%8h28.208+0.056%$53K$96K20xas long as short
Extended BMNR-USD0.0000%1h28.189−0.012%$40K$462K10xas long as short
Binance BMNRUSDT0.0000%8h28.190−0.007%$23.1M$51.9M25xas long as short
Bybit BMNRUSDTlong0.0000%8h28.192long leg$3.4M$2.0M25x
OKX BMNR-USDT-SWAP0.0000%8h28.210+0.064%$3.6M$5.7M20xas long as short
Gate BMNR_USDT0.0000%8h28.200+0.028%$3.9M$10.2M50xas long as short
Bitget BMNRUSDT0.0000%8h28.206+0.050%$2.0M$1.1M20xas long as short
Variational Omni BMNR0.0000%8h28.265+0.258%$302K$373Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h28.285+0.329%$6K$190K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h28.247+0.195%$1K$1.0M10xas long as short
HTX BMNR-USDT0.0000%8h28.209+0.060%$5K$39K20xas long as short
Phemex BMNRUSDT0.0000%8h28.190−0.007%$1.6M$1.4M10xas long as short
QFEX BMNR-USD+0.0005%1h28.220+0.099%$1.2M$1.7M10xas long as short
Lighter BMNRshort+0.0032%1h28.210+0.064%$336K$24K10x
Vest BMNR-USD-PERP+0.0046%1h28.270+0.277%$2K25xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.290+0.348%$37K$31K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h28.180−0.043%$699K$687K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h28.300+0.383%$32K$169K50xas long as short
tradeXYZ xyz:BMNR+0.0200%1h28.178−0.050%$1.0M$1.4M10xas long as short