Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Extended against GRVT−0.100%52s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as 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−$550.551% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.301%+$30 on $10k

Price spread, last 4 days (all we have)−0.508%−$51 · spread now −0.100%, 7d avg −0.066%

Together, before fees−0.206%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$21 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: Extended is 0.033% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.066%. The two prices were read 52 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	GRVT BMNR_USDT_Perp	27.920	0	get 0.0000% / 8h	5h 12m	$5K	$178K	10x
Short	Extended BMNR-USD	27.892	0	get 0.0000% / 1h	12m 43s	$53K	$632K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.066%: −$3.32
Slippage, 4 orders: −$41.13
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.44
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from GRVT: live order book, 45 min ago; Extended: live order book, 50 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 GRVT live order book, 45 min ago	5.40 bp	9.9 bp −$10	54.9 bp −$549	doesn't fit	doesn't fit
Sell Extended live order book, 50 min ago	4.31 bp	13.1 bp −$13	94.7 bp −$947	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	−0.0713%	8h	27.909	−0.039%	$1.9M	$937K	20x	as long as short
BloFin BMNR-USDT	−0.0007%	8h	27.870	−0.179%	$168K	$61K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.877	−0.155%	$49K	$101K	20x	as long as short
Extended BMNR-USDshort	0.0000%	1h	27.892	−0.100%	$53K	$632K	10x
Binance BMNRUSDT	0.0000%	8h	27.900	−0.072%	$22.2M	$52.7M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.888	−0.115%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.910	−0.036%	$3.6M	$4.3M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.910	−0.036%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.930	+0.034%	$318K	$497K	—	as long as short
GRVT BMNR_USDT_Perplong	0.0000%	8h	27.920	long leg	$5K	$178K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BMNR-USDT	0.0000%	8h	27.894	−0.093%	$1K	$889K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.911	−0.032%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.880	−0.143%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.890	−0.107%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.896	−0.086%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.880	−0.143%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.875	−0.161%	$927K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.900	−0.072%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.880	−0.143%	$681K	$792K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.900	−0.072%	$24K	$29K	50x	as long as short