Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.038%

Price spread now: Ondo Perps against Bitget−0.049%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. Ondo Perps is 0.049% cheaper against Bitget than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BMNRUSDT	28.504	0	get 0.0000% / 8h	42m 26s	$2.0M	$1.1M	20x
Short	Ondo Perps BMNR-USD.P	28.490	0.0050	get 0.0006% / 1h	42m 26s	$37K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.049%Rate

Funding earned: $10.58
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.33
Costs to cover: 0.170%
Break-even: 14.5 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.75 bp	18.0 bp −$18	23.2 bp −$232	127.1 bp −$12.7K	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
BloFin BMNR-USDT	−0.0007%	8h	28.490	−0.049%	$211K	$58K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.512	+0.027%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.475	−0.102%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.480	−0.084%	$22.6M	$55.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.497	−0.025%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.480	−0.084%	$3.7M	$6.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.490	−0.049%	$3.8M	$10.2M	50x	as long as short
Bitget BMNRUSDTlong	0.0000%	8h	28.504	long leg	$2.0M	$1.1M	20x
Variational Omni BMNR	0.0000%	8h	28.471	−0.114%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.507	+0.009%	$5K	$190K	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	28.488	−0.056%	$986	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.522	+0.063%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.470	−0.119%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0004%	1h	28.480	−0.084%	$1.2M	$1.8M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.483	−0.074%	$338K	$23K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.540	+0.126%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	28.509	+0.018%	$955K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.490	−0.049%	$37K	$26K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.480	−0.084%	$705K	$778K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.500	−0.014%	$25K	$82K	50x	as long as short