Funding arb · Price arb /

BMNR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h +0.016%

Price spread now: Vest against Bybit−0.284%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.284% cheaper against Bybit than usual: you would sell low and buy high, −$28 on $10k if it 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	27.498	0	get 0.0000% / 8h	1h 29m	$3.2M	$2.0M	25x
Short	Vest BMNR-USD-PERP	27.420	−0.0005	pay 0.0001% / 1h	29m 53s	—	$36K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.284%Rate

Funding earned: −$1.14
Price spread: −0.284% → 0.000%: −$28.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$42.51
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 7 min ago; Vest: 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, 7 min ago	3.82 bp	14.7 bp −$15	131.4 bp −$1,314	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0810%	8h	27.521	+0.084%	$1.8M	$1.3M	20x	as long as short
Vest BMNR-USD-PERPshort	−0.0005%	1h	27.420	−0.284%	—	$36K	25x
Aster BMNRUSDT	0.0000%	8h	27.467	−0.114%	$47K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.469	−0.105%	$61K	$345K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.470	−0.102%	$21.6M	$52.7M	25x	as long as short
Bybit BMNRUSDTlong	0.0000%	8h	27.498	long leg	$3.2M	$2.0M	25x
OKX BMNR-USDT-SWAP	0.0000%	8h	27.500	+0.007%	$3.5M	$4.2M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.480	−0.065%	$4.1M	$8.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.470	−0.101%	$213K	$616K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.456	−0.153%	$6K	$188K	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	27.488	−0.036%	$1K	$852K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.479	−0.069%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.470	−0.102%	$1.6M	$1.5M	10x	as long as short
BloFin BMNR-USDT	+0.0017%	8h	27.440	−0.211%	$206K	$51K	20x	as long as short
QFEX BMNR-USD	+0.0019%	1h	27.460	−0.138%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.454	−0.160%	$343K	$52K	10x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.448	−0.182%	$901K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.440	−0.211%	$36K	$15K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.460	−0.138%	$671K	$725K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.450	−0.175%	$24K	$29K	50x	as long as short