Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.129%

Price spread now: tradeXYZ against Bybit−0.058%7-day average −0.032% · you buy dearer than you sell

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

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.766%+$77 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.058%, 7d avg −0.032%

Together, before fees+0.806%+ Points / potential airdroptradeXYZ: Active · farm board+$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.032%). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.766% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BMNRUSDT	27.486	0	get 0.0000% / 8h	1h 39m	$3.2M	$2.0M	25x
Short	tradeXYZ xyz:BMNR	27.470	0.0050	get 0.0006% / 1h	39m 59s	$903K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.5
Price spread: −0.058% → −0.032%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.14
Costs to cover: 0.290%
Break-even: 21.1 days

Slippage unknown: Bybit: live order book, 2 min ago; tradeXYZ: live order book, 8 min ago. 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	3.09 bp	17.7 bp −$18	129.0 bp −$1,290	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.55 bp	doesn't fit	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
Bitget BMNRUSDT	−0.0764%	8h	27.541	+0.200%	$1.8M	$1.3M	20x	as long as short
BloFin BMNR-USDT	−0.0011%	8h	27.510	+0.087%	$207K	$51K	20x	as long as short
Vest BMNR-USD-PERP	−0.0004%	1h	27.450	−0.131%	—	$36K	25x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.472	−0.049%	$48K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.458	−0.103%	$61K	$446K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.473	−0.048%	$21.6M	$53.0M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	27.486	long leg	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.480	−0.022%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.490	+0.015%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.480	−0.021%	$223K	$607K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BMNR_USDT_Perp	0.0000%	8h	27.527	+0.151%	$6K	$190K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.497	+0.040%	$993	$864K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.530	+0.160%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.470	−0.058%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.480	−0.022%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.469	−0.062%	$343K	$52K	10x	as long as short
tradeXYZ xyz:BMNRshort	+0.0050%	1h	27.470	−0.058%	$903K	$1.4M	10x
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.530	+0.160%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.470	−0.058%	$671K	$730K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.510	+0.087%	$24K	$29K	50x	as long as short