Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate+0.035%51s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.368% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.035%, 7d avg +0.025%

Together, before fees+0.328%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BMNR_USDT	28.430	0	get 0.0000% / 8h	24m 30s	$3.9M	$10.3M	50x
Short	ApeX Omni BMNRUSDT	28.440	0.0100	get 0.0013% / 1h	24m 30s	$25K	$82K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: $21
Price spread: +0.035% → +0.025%: $1.03
Slippage, 4 orders: −$111.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$114.75
Costs to cover: 1.368%
Break-even: 45.2 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 51 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 Gate live order book, 4 min ago	3.52 bp	14.9 bp −$15	91.5 bp −$915	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 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-USDT	0.0000%	8h	28.410	−0.070%	$213K	$58K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.447	+0.060%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.414	−0.056%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.420	−0.035%	$22.5M	$55.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.419	−0.039%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.430	0.000%	$3.6M	$6.1M	20x	as long as short
Gate BMNR_USDTlong	0.0000%	8h	28.430	long leg	$3.9M	$10.3M	50x
Bitget BMNRUSDT	0.0000%	8h	28.421	−0.032%	$2.0M	$1.1M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.412	−0.064%	$317K	$493K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.409	−0.072%	$5K	$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	28.428	−0.007%	$981	$1.0M	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	28.392	−0.134%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.420	−0.035%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0004%	1h	28.410	−0.070%	$1.2M	$1.8M	10x	as long as short
Lighter BMNR	+0.0032%	1h	28.409	−0.074%	$336K	$25K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.420	−0.035%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	28.424	−0.021%	$953K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.420	−0.035%	$37K	$26K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.410	−0.070%	$703K	$776K	20x	as long as short
ApeX Omni BMNRUSDTshort	+0.0100%	1h	28.440	+0.035%	$25K	$82K	50x