Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: Binance against OKX−0.098%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.098%, 7d avg −0.025%

Together, before fees+0.136%+$14 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: Binance is 0.073% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.940	0	get 0.0000% / 8h	5h 09m	$3.6M	$4.3M	20x
Short	Binance BMNRUSDT	27.913	0	get 0.0000% / 8h	5h 09m	$22.2M	$52.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.025%: −$7.34
Slippage, 4 orders: −$30.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.94
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 3 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 OKX live order book, 3 min ago	1.79 bp	11.5 bp −$12	111.5 bp −$1,115	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.79 bp	8.0 bp −$8	23.2 bp −$232	115.4 bp −$11.5K	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	−0.0702%	8h	27.924	−0.057%	$1.9M	$938K	20x	as long as short
BloFin BMNR-USDT	−0.0005%	8h	27.870	−0.251%	$168K	$61K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.911	−0.106%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.903	−0.133%	$53K	$630K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	27.913	−0.098%	$22.2M	$52.8M	25x
Bybit BMNRUSDT	0.0000%	8h	27.906	−0.122%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.940	long leg	$3.6M	$4.3M	20x
Gate BMNR_USDT	0.0000%	8h	27.930	−0.036%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.890	−0.181%	$318K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.906	−0.123%	$6K	$177K	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	27.927	−0.047%	$1K	$888K	10x	as long as short
HTX BMNR-USDT	0.0000%	8h	27.958	+0.064%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.930	−0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.920	−0.072%	$1.2M	$1.2M	10x	as long as short
Lighter BMNR	+0.0032%	1h	27.900	−0.143%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.900	−0.143%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.895	−0.161%	$927K	$1.4M	10x	as long as short
Ondo Perps BMNR-USD.P	+0.0050%	1h	27.860	−0.286%	$36K	$16K	5x	as long as short
KuCoin BMNRUSDTM	+0.0100%	8h	27.890	−0.179%	$682K	$791K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.870	−0.251%	$24K	$29K	50x	as long as short