Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.005%

Price spread now: Ondo Perps against Binance+0.156%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Ondo Perps

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 airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.156% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BMNRUSDT	28.356	0	get 0.0000% / 8h	7h 31m	$22.4M	$54.2M	25x
Short	Ondo Perps BMNR-USD.P	28.400	0.0050	get 0.0006% / 1h	31m 09s	$37K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.156%Rate

Funding earned: $10.58
Price spread: +0.156% → 0.000%: $15.58
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $11.17
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Binance: live order book, 11 min ago; Ondo Perps: 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 Binance live order book, 11 min ago	3.52 bp	9.7 bp −$10	24.4 bp −$244	105.3 bp −$10.5K	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
QFEX BMNR-USD	−0.0001%	1h	28.360	+0.015%	$1.2M	$1.7M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.386	+0.107%	$53K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.356	+0.002%	$41K	$594K	10x	as long as short
Binance BMNRUSDTlong	0.0000%	8h	28.356	long leg	$22.4M	$54.2M	25x
Bybit BMNRUSDT	0.0000%	8h	28.375	+0.068%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.360	+0.015%	$3.6M	$6.0M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.370	+0.050%	$4.3M	$9.9M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.383	+0.096%	$2.0M	$1.0M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.361	+0.017%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.353	−0.010%	$5K	$185K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	28.411	+0.195%	$994	$974K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.386	+0.106%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.350	−0.020%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	0.0000%	8h	28.350	−0.020%	$213K	$58K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.363	+0.025%	$335K	$24K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.380	+0.085%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.400	+0.156%	$37K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.370	+0.050%	$700K	$768K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.360	+0.015%	$25K	$46K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0335%	1h	28.385	+0.103%	$965K	$1.5M	10x	as long as short