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 +0.039%

Price spread now: OKX against Binance+0.186%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 2 days (all we have)−0.166%−$17 · spread now +0.186%, 7d avg +0.060%

Together, before fees−0.257%−$26 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: OKX is 0.126% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	27.788	0	get 0.0000% / 8h	5h 55m	$22.1M	$52.7M	25x
Short	OKX BMNR-USDT-SWAP	27.840	0	get 0.0000% / 8h	5h 55m	$3.6M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → +0.060%: $12.61
Slippage, 4 orders: −$33.24
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.63
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; OKX: 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, 2 min ago	1.80 bp	10.7 bp −$11	24.0 bp −$240	96.3 bp −$9,628	doesn't fit
Sell OKX live order book, 2 min ago	3.60 bp	19.3 bp −$19	97.8 bp −$978	doesn't fit	doesn't fit

BMNR on 19 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	−0.0688%	8h	27.813	+0.089%	$2.0M	$926K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.843	+0.198%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.782	−0.023%	$52K	$634K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	27.788	long leg	$22.1M	$52.7M	25x
Bybit BMNRUSDT	0.0000%	8h	27.789	+0.003%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.840	+0.186%	$3.6M	$4.3M	20x
Gate BMNR_USDT	0.0000%	8h	27.800	+0.042%	$4.2M	$9.4M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.860	+0.259%	$317K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.807	+0.069%	$5K	$177K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.844	+0.200%	$1K	$895K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	27.778	−0.037%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.810	+0.078%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.800	+0.042%	$1.2M	$1.3M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.800	+0.042%	$350K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.800	+0.042%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.769	−0.069%	$925K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.780	−0.030%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.800	+0.042%	$680K	$810K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.800	+0.042%	$24K	$29K	50x	as long as short