Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against Binance−0.072%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.398%−$40 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.072%, 7d avg −0.009%

Together, before fees−0.305%−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	27.860	0	get 0.0000% / 8h	5h 36m	$22.1M	$52.8M	25x
Short	Gate BMNR_USDT	27.840	0	get 0.0000% / 8h	5h 36m	$4.2M	$9.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.009%: −$6.24
Slippage, 4 orders: −$24.32
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.56
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Gate: live order book, 2 min ago.

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 Binance live order book, 6 min ago	1.80 bp	9.0 bp −$9	24.0 bp −$240	106.2 bp −$10.6K	doesn't fit
Sell Gate live order book, 2 min ago	3.59 bp	16.3 bp −$16	59.1 bp −$591	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	−0.0783%	8h	27.873	+0.047%	$1.9M	$937K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.872	+0.042%	$50K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.847	−0.046%	$53K	$638K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	27.860	long leg	$22.1M	$52.8M	25x
Bybit BMNRUSDT	0.0000%	8h	27.842	−0.065%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.850	−0.036%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDTshort	0.0000%	8h	27.840	−0.072%	$4.2M	$9.5M	50x
Variational Omni BMNR	0.0000%	8h	27.850	−0.037%	$317K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.850	−0.036%	$6K	$176K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.844	−0.057%	$1K	$891K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.848	−0.043%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.860	0.000%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.850	−0.036%	$1.2M	$1.2M	10x	as long as short
BloFin BMNR-USDT	+0.0020%	8h	27.850	−0.036%	$210K	$61K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.867	+0.025%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.810	−0.179%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.828	−0.115%	$926K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.870	+0.036%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.830	−0.108%	$680K	$805K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.840	−0.072%	$24K	$29K	50x	as long as short