Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bybit+0.286%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.286% dearer against Bybit than usual: you sell high and buy low: +$29 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	Bybit BMNRUSDT	27.930	0	get 0.0000% / 8h	6h 40m	$3.3M	$1.9M	25x
Short	Ondo Perps BMNR-USD.P	28.010	0.0050	get 0.0006% / 1h	40m 29s	$36K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.286%Rate

Funding earned: $10.58
Price spread: +0.286% → 0.000%: $28.64
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $23.23
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.68 bp	16.7 bp −$17	133.4 bp −$1,334	doesn't fit	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
Bitget BMNRUSDT	−0.0251%	8h	27.954	+0.086%	$2.0M	$991K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.960	+0.107%	$50K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.923	−0.024%	$38K	$620K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.927	−0.009%	$21.9M	$53.6M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	27.930	long leg	$3.3M	$1.9M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.950	+0.072%	$3.6M	$4.8M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.930	0.000%	$4.2M	$9.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.991	+0.217%	$312K	$492K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.000	+0.251%	$5K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.014	+0.301%	$1K	$944K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BMNR-USDT	0.0000%	8h	28.035	+0.376%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.000	+0.251%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	27.920	−0.036%	$1.2M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0017%	8h	28.000	+0.251%	$213K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.940	+0.036%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.920	−0.036%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	28.010	+0.286%	$36K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.910	−0.072%	$682K	$802K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.980	+0.179%	$25K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0154%	1h	27.908	−0.079%	$941K	$1.5M	10x	as long as short