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: Lighter against SunX−0.051%7-day average −0.022% · you buy dearer than you sell

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)+0.087%+$9 · spread now −0.051%, 7d avg −0.022%

Together, before fees+0.150%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.029% cheaper against SunX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.022%). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BMNR-USDT	27.434	0	get 0.0000% / 8h	2h 24m	$1K	$867K	10x
Short	Lighter BMNR	27.420	0.0032	get 0.0004% / 1h	24m 59s	$345K	$52K	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 −0.051%Rate

Funding earned: $6.72
Price spread: −0.051% → −0.022%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.19
Costs to cover: 0.080%
Break-even: 11.4 days

Slippage unknown: SunX: live order book, 58 min ago; Lighter: live order book, 14 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, 58 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 14 min ago	35.33 bp	35.3 bp −$35	313.4 bp −$3,134	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	−0.0918%	8h	27.466	+0.117%	$1.9M	$965K	20x	as long as short
BloFin BMNR-USDT	−0.0011%	8h	27.380	−0.197%	$208K	$52K	20x	as long as short
Vest BMNR-USD-PERP	−0.0006%	1h	27.360	−0.270%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.400	−0.125%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.421	−0.047%	$60K	$494K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.400	−0.124%	$21.6M	$52.6M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.404	−0.109%	$3.2M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.440	+0.022%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.420	−0.051%	$4.1M	$8.9M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.370	−0.232%	$212K	$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	27.474	+0.148%	$6K	$190K	10x	as long as short
SunX BMNR-USDTlong	0.0000%	8h	27.434	long leg	$1K	$867K	10x
HTX BMNR-USDT	0.0000%	8h	27.436	+0.007%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.420	−0.051%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0013%	1h	27.440	+0.022%	$1.2M	$1.1M	10x	as long as short
Lighter BMNRshort	+0.0032%	1h	27.420	−0.051%	$345K	$52K	10x
tradeXYZ xyz:BMNR	+0.0050%	1h	27.388	−0.168%	$901K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.470	+0.131%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.410	−0.087%	$670K	$741K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.360	−0.270%	$24K	$29K	50x	as long as short