Funding arb · Price arb /

BMNR

RWAall BMNR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.005%

Price spread now: Binance against Ondo Perps+0.036%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

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

The price spread pays, funding is against you. Binance is 0.036% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BMNR-USD.P	28.000	0.0050	pay 0.0006% / 1h	45m 14s	$36K	$16K	5x
Short	Binance BMNRUSDT	28.010	0	get 0.0000% / 8h	6h 45m	$22.0M	$53.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$10.58
Price spread: +0.036% → 0.000%: $3.57
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.01
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 12 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	3.57 bp	10.4 bp −$10	24.0 bp −$240	94.3 bp −$9,431	doesn't fit

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	−0.0163%	8h	28.027	+0.096%	$2.0M	$990K	20x	as long as short
Aster BMNRUSDT	0.0000%	8h	28.002	+0.008%	$51K	$100K	20x	as long as short
Extended BMNR-USD	0.0000%	1h	28.003	+0.009%	$38K	$597K	10x	as long as short
Binance BMNRUSDTshort	0.0000%	8h	28.010	+0.036%	$22.0M	$53.0M	25x
Bybit BMNRUSDT	0.0000%	8h	28.010	+0.036%	$3.3M	$1.9M	25x	as long as short
OKX BMNR-USDT-SWAP	0.0000%	8h	28.020	+0.071%	$3.6M	$4.7M	20x	as long as short
Gate BMNR_USDT	0.0000%	8h	28.010	+0.036%	$4.2M	$9.5M	50x	as long as short
Variational Omni BMNR	0.0000%	8h	28.021	+0.074%	$313K	$492K	—	as long as short
GRVT BMNR_USDT_Perp	0.0000%	8h	28.032	+0.115%	$5K	$179K	10x	as long as short
SunX BMNR-USDT	0.0000%	8h	28.041	+0.146%	$981	$944K	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	28.029	+0.104%	$5K	$40K	20x	as long as short
Phemex BMNRUSDT	0.0000%	8h	28.010	+0.036%	$1.6M	$1.5M	10x	as long as short
QFEX BMNR-USD	+0.0002%	1h	28.000	0.000%	$1.2M	$1.4M	10x	as long as short
BloFin BMNR-USDT	+0.0017%	8h	28.000	0.000%	$213K	$62K	20x	as long as short
Lighter BMNR	+0.0032%	1h	27.998	−0.007%	$352K	$53K	10x	as long as short
Vest BMNR-USD-PERP	+0.0046%	1h	28.010	+0.036%	—	$36K	25x	as long as short
Ondo Perps BMNR-USD.Plong	+0.0050%	1h	28.000	long leg	$36K	$16K	5x
KuCoin BMNRUSDTM	+0.0100%	8h	28.000	0.000%	$685K	$802K	20x	as long as short
ApeX Omni BMNRUSDT	+0.0100%	1h	28.020	+0.071%	$25K	$45K	50x	as long as short
tradeXYZ xyz:BMNR	+0.0138%	1h	28.018	+0.064%	$945K	$1.5M	10x	as long as short