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

BMNR

RWAall BMNR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRnext payment $0.04 per $10,000 · paid last 24h +0.039%
Price spread now: Extended against Lighter−0.091%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$680.684% 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)+0.122%+$12 · spread now −0.091%, 7d avg +0.018%
Together, before fees+0.469%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$47 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 0.109% cheaper against Lighter than usual: you would sell low and buy high (−$11 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 BMNR28.4460.0032pay 0.0004% / 1h47m 51s$336K$24K10x
ShortExtended BMNR-USD28.4200get 0.0000% / 1h47m 51s$39K$487K10x

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: −0.091% → +0.018%
−$10.86
Slippage, 4 orders
−$63.45
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$86.03
Costs to cover
0.684%
Break-even
never at this rate
Slippage from Lighter: live order book, 17 min ago; Extended: live order book, 25 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, 17 min ago21.93 bp21.9 bp −$22288.6 bp −$2,886doesn't fitdoesn't fit
Sell Extended live order book, 25 min ago4.04 bp12.8 bp −$1382.6 bp −$826doesn'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
QFEX BMNR-USD−0.0001%1h28.420−0.091%$1.2M$1.8M10xas long as short
Aster BMNRUSDT0.0000%8h28.448+0.008%$54K$98K20xas long as short
Extended BMNR-USDshort0.0000%1h28.420−0.091%$39K$487K10x
Binance BMNRUSDT0.0000%8h28.430−0.056%$22.5M$55.0M25xas long as short
Bybit BMNRUSDT0.0000%8h28.444−0.007%$3.4M$2.0M25xas long as short
OKX BMNR-USDT-SWAP0.0000%8h28.450+0.014%$3.6M$6.1M20xas long as short
Gate BMNR_USDT0.0000%8h28.440−0.021%$4.1M$9.7M50xas long as short
Bitget BMNRUSDT0.0000%8h28.453+0.025%$2.0M$1.1M20xas long as short
Variational Omni BMNR0.0000%8h28.411−0.124%$317K$493Kas long as short
GRVT BMNR_USDT_Perp0.0000%8h28.447+0.002%$6K$186K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BMNR-USDT0.0000%8h28.442−0.014%$927$993K10xas long as short
HTX BMNR-USDT0.0000%8h28.441−0.018%$6K$40K20xas long as short
Phemex BMNRUSDT0.0000%8h28.420−0.091%$1.6M$1.5M10xas long as short
BloFin BMNR-USDT+0.0009%8h28.410−0.127%$212K$58K20xas long as short
Lighter BMNRlong+0.0032%1h28.446long leg$336K$24K10x
Vest BMNR-USD-PERP+0.0046%1h28.450+0.014%$36K25xas long as short
Ondo Perps BMNR-USD.P+0.0050%1h28.400−0.162%$37K$16K5xas long as short
KuCoin BMNRUSDTM+0.0100%8h28.430−0.056%$704K$769K20xas long as short
ApeX Omni BMNRUSDT+0.0100%1h28.430−0.056%$25K$57K50xas long as short
tradeXYZ xyz:BMNR+0.0129%1h28.451+0.018%$967K$1.5M10xas long as short