Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h −0.044%

Price spread now: ApeX Omni against BloFin−0.281%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1281.275% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 3 days (all we have)+0.421%+$42 · spread now −0.281%, 7d avg −0.010%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.270% cheaper against BloFin than usual: you would sell low and buy high (spread −0.281% now, against its 7-day average of −0.010%). If the spread goes back, that is −$27 on $10k: about 8.8 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BMNR-USDT	28.490	−0.0002	get 0.0002% / 8h	45m 08s	$212K	$58K	20x
Short	ApeX Omni BMNRUSDT	28.410	0.0100	get 0.0013% / 1h	45m 08s	$25K	$82K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.281%Rate

Funding earned: $21.4
Price spread: −0.281% → −0.010%: −$27.04
Slippage, 4 orders: −$105.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$133.19
Costs to cover: 1.275%
Break-even: 50.6 days

Slippage from BloFin: live order book, 25 min ago; ApeX Omni: live order book, 30 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 BloFin live order book, 25 min ago	3.54 bp	13.9 bp −$14	24.6 bp −$246	60.7 bp −$6,068	doesn't fit
Sell ApeX Omni live order book, 30 min ago	3.54 bp	53.3 bp −$53	doesn't fit	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
BloFin BMNR-USDTlong	−0.0002%	8h	28.490	long leg	$212K	$58K	20x
Aster BMNRUSDT	0.0000%	8h	28.502	+0.041%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.485	−0.018%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.490	0.000%	$22.6M	$55.2M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.508	+0.063%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.500	+0.035%	$3.7M	$6.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.510	+0.070%	$3.8M	$10.1M	50x	as long as short
Bitget BMNRUSDT	0.0000%	8h	28.522	+0.112%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.471	−0.065%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.470	−0.070%	$6K	$189K	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	28.479	−0.039%	$971	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.475	−0.053%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.490	0.000%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0004%	1h	28.500	+0.035%	$1.2M	$1.8M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.510	+0.070%	$339K	$23K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.550	+0.211%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	28.500	+0.035%	$955K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.420	−0.246%	$37K	$26K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.490	0.000%	$705K	$778K	20x	as long as short
ApeX Omni BMNRUSDTshort	+0.0100%	1h	28.410	−0.281%	$25K	$82K	50x