Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against GRVT−0.258%53s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Ondo Perps is 0.258% cheaper against GRVT than usual: you would sell low and buy high (spread −0.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 17 days of funding at the current rate (+$2 a day). The two prices were read 53 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	27.692	0	get 0.0000% / 8h	3h 22m	$5K	$188K	10x
Short	Ondo Perps BMNR-USD.P	27.620	0.0050	get 0.0006% / 1h	22m 12s	$36K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.258%Rate

Funding earned: $10.58
Price spread: −0.258% → 0.000%: −$25.84
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$29.25
Costs to cover: 0.140%
Break-even: 26.3 days

Slippage unknown: GRVT: live order book, 26 min ago; Ondo Perps: 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 GRVT live order book, 26 min ago	5.39 bp	12.5 bp −$12	87.9 bp −$879	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0593%	8h	27.644	−0.172%	$1.9M	$921K	20x	as long as short
BloFin BMNR-USDT	−0.0011%	8h	27.700	+0.031%	$208K	$52K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.618	−0.267%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.588	−0.375%	$57K	$622K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.605	−0.312%	$21.8M	$52.3M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.607	−0.305%	$3.2M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	27.630	−0.222%	$3.5M	$4.1M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	27.610	−0.294%	$4.1M	$9.1M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.700	+0.030%	$323K	$504K	—	as long as short
GRVT BMNR_USDT_Perplong	0.0000%	8h	27.692	long leg	$5K	$188K	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	27.580	−0.403%	$1K	$867K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.667	−0.089%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.620	−0.258%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.590	−0.367%	$1.2M	$1.1M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.594	−0.352%	$347K	$52K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.550	−0.511%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.603	−0.320%	$909K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.620	−0.258%	$36K	$15K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.610	−0.294%	$674K	$760K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.730	+0.139%	$24K	$29K	50x	as long as short