Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter+0.112%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.112% dearer against Lighter than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BMNR	27.661	0.0032	pay 0.0004% / 1h	9m 00s	$346K	$56K	10x
Short	HTX BMNR-USDT	27.692	0	get 0.0000% / 8h	2h 09m	$6K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee LighterbpFee HTXbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$6.72
Price spread: +0.112% → 0.000%: $11.21
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$7.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 30 min ago; HTX: no order-book sample. 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 Lighter live order book, 30 min ago	35.33 bp	35.3 bp −$35	349.1 bp −$3,491	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0889%	8h	27.679	+0.065%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0018%	8h	27.700	+0.141%	$205K	$52K	20x	as long as short
Vest BMNR-USD-PERP	−0.0011%	1h	27.630	−0.112%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.648	−0.048%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.634	−0.096%	$57K	$498K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.640	−0.076%	$21.7M	$52.9M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.652	−0.033%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.660	−0.004%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.670	+0.033%	$4.1M	$9.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.650	−0.039%	$214K	$596K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.640	−0.076%	$5K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.691	+0.108%	$1K	$867K	10x	as long as short
HTX BMNR-USDTshort	0.0000%	8h	27.692	+0.112%	$6K	$40K	20x
Phemex BMNRUSDT	0.0000%	8h	27.650	−0.040%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.660	−0.004%	$1.2M	$1.1M	10x	as long as short
Lighter BMNRlong	+0.0032%	1h	27.661	long leg	$346K	$56K	10x
tradeXYZ xyz:BMNR	+0.0050%	1h	27.627	−0.123%	$908K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.610	−0.184%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.620	−0.148%	$675K	$737K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.650	−0.040%	$24K	$29K	50x	as long as short