Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.053%

Price spread now: GRVT against Gate+0.016%51s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as 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−$1061.062% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)+0.362%+$36 · spread now +0.016%, 7d avg +0.060%

Together, before fees+0.473%+ Points / potential airdropGRVT: Active · farm board+$47 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: GRVT is 0.043% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.060%. 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	28.410	0	get 0.0000% / 8h	2h 20m	$3.8M	$10.5M	50x
Short	GRVT BMNR_USDT_Perp	28.415	0	get 0.0000% / 8h	2h 20m	$6K	$199K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.060%: −$4.33
Slippage, 4 orders: −$82.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$110.5
Costs to cover: 1.062%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; GRVT: live order book, 1 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, 3 min ago	3.52 bp	21.5 bp −$22	78.7 bp −$787	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	3.52 bp	15.4 bp −$15	88.1 bp −$881	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
Aster BMNRUSDT	0.0000%	8h	28.430	+0.070%	$54K	$98K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.401	−0.030%	$40K	$462K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	28.401	−0.032%	$22.5M	$55.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	28.410	0.000%	$3.4M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.420	+0.035%	$3.6M	$6.1M	20x	as long as short
Gate BMNR_USDTlong	0.0000%	8h	28.410	long leg	$3.8M	$10.5M	50x
Bitget BMNRUSDT	0.0000%	8h	28.422	+0.042%	$2.0M	$1.2M	20x	as long as short
Variational Omni BMNR	0.0000%	8h	28.404	−0.021%	$292K	$447K	—	as long as short
GRVT BMNR_USDT_Perpshort	0.0000%	8h	28.415	+0.016%	$6K	$199K	10x
SunX BMNR-USDT	0.0000%	8h	28.440	+0.106%	$1K	$1.0M	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	28.388	−0.077%	$5K	$39K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.390	−0.070%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0011%	1h	28.400	−0.035%	$1.2M	$1.7M	10x	as long as short
BloFin BMNR-USDT	+0.0022%	8h	28.440	+0.106%	$212K	$59K	20x	as long as short
Lighter BMNR	+0.0032%	1h	28.423	+0.046%	$338K	$25K	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	28.440	+0.106%	$37K	$34K	5x	as long as short
tradeXYZ xyz:BMNR	+0.0058%	1h	28.385	−0.088%	$979K	$1.5M	10x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	28.390	−0.070%	$709K	$754K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.430	+0.070%	$25K	$172K	50x	as long as short
Vest BMNR-USD-PERP	+0.0117%	1h	28.500	+0.317%	—	$8K	25x	as long as short