Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.034%

Price spread now: Ondo Perps against OKX−0.251%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Ondo Perps is 0.251% cheaper against OKX than usual: you would sell low and buy high (spread −0.251% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 17 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BMNR-USDT-SWAP	27.920	0	get 0.0000% / 8h	5h 30m	$3.6M	$4.3M	20x
Short	Ondo Perps BMNR-USD.P	27.850	0.0050	get 0.0006% / 1h	30m 21s	$36K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.251%Rate

Funding earned: $10.58
Price spread: −0.251% → 0.000%: −$25.07
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$29.49
Costs to cover: 0.150%
Break-even: 26.5 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.79 bp	14.8 bp −$15	127.6 bp −$1,276	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	−0.0765%	8h	27.902	−0.064%	$1.9M	$938K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	27.876	−0.156%	$49K	$101K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	27.862	−0.207%	$53K	$632K	10x	as long as short
Binance BMNRUSDT	0.0000%	8h	27.880	−0.143%	$22.1M	$52.8M	25x	as long as short
Bybit BMNRUSDT	0.0000%	8h	27.873	−0.168%	$3.3M	$2.0M	25x	as long as short
OKX BMNR-USDT-SWAPlong	0.0000%	8h	27.920	long leg	$3.6M	$4.3M	20x
Gate BMNR_USDT	0.0000%	8h	27.890	−0.107%	$4.2M	$9.6M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	27.899	−0.074%	$318K	$497K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	27.866	−0.194%	$5K	$176K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	27.869	−0.183%	$1K	$891K	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	27.930	+0.036%	$6K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	27.870	−0.179%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0012%	1h	27.900	−0.072%	$1.2M	$1.2M	10x	as long as short
BloFin BMNR-USDT	+0.0024%	8h	27.890	−0.107%	$210K	$61K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.907	−0.047%	$351K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	27.860	−0.215%	—	$36K	25x	as long as short
tradeXYZ xyz:BMNR	+0.0050%	1h	27.881	−0.140%	$927K	$1.5M	10x	as long as short
Ondo Perps BMNR-USD.Pshort	+0.0050%	1h	27.850	−0.251%	$36K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	27.870	−0.179%	$681K	$802K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	27.830	−0.322%	$24K	$29K	50x	as long as short