Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: OKX against Bybit+0.091%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.091%, 7d avg +0.031%

Together, before fees+0.164%+$16 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 0.060% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BMNRUSDT	27.435	0	get 0.0000% / 8h	7h 27m	$3.2M	$1.9M	25x
Short	OKX BMNR-USDT-SWAP	27.460	0	get 0.0000% / 8h	7h 27m	$3.5M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.031%: $5.97
Slippage, 4 orders: −$37.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.33
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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 Bybit live order book, 5 min ago	2.36 bp	21.6 bp −$22	163.8 bp −$1,638	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.63 bp	8.6 bp −$9	49.3 bp −$493	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	−0.0249%	8h	27.469	+0.124%	$1.8M	$1.3M	20x	as long as short
tradeXYZ xyz:BMNR	−0.0025%	1h	27.426	−0.033%	$758K	$1.5M	10x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.436	+0.005%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.434	−0.005%	$58K	$360K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.440	+0.018%	$21.4M	$50.0M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	27.435	long leg	$3.2M	$1.9M	25x
OKX BMNR-USDT-SWAPshort	0.0000%	8h	27.460	+0.091%	$3.5M	$3.8M	20x
Gate BMNR_USDT	0.0000%	8h	27.440	+0.018%	$4.1M	$8.0M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.480	+0.166%	$213K	$607K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.485	+0.181%	$5K	$178K	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	27.428	−0.026%	$1K	$777K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.414	−0.077%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.440	+0.018%	$1.6M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0009%	8h	27.410	−0.091%	$208K	$62K	20x	as long as short
QFEX BMNR-USD	+0.0010%	1h	27.460	+0.091%	$1.2M	$996K	10x	as long as short
Vest BMNR-USD-PERP	+0.0016%	1h	27.430	−0.018%	—	$36K	25x	as long as short
Lighter BMNR	+0.0032%	1h	27.443	+0.029%	$342K	$53K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.640	+0.747%	$36K	$11K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.420	−0.055%	$668K	$715K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.480	+0.164%	$24K	$23K	50x	as long as short